Mcdaniel Terry & Co. Increases Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Mcdaniel Terry & Co. raised its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 47,494 shares of the industrial products company’s stock after buying an additional 36 shares during the quarter. Zebra Technologies accounts for about 1.5% of Mcdaniel Terry & Co.’s holdings, making the stock its 28th biggest position. Mcdaniel Terry & Co.’s holdings in Zebra Technologies were worth $18,343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ZBRA. Ieq Capital LLC raised its stake in shares of Zebra Technologies by 85.9% in the fourth quarter. Ieq Capital LLC now owns 5,851 shares of the industrial products company’s stock worth $2,260,000 after purchasing an additional 2,703 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of Zebra Technologies by 20.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,071 shares of the industrial products company’s stock worth $414,000 after purchasing an additional 184 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of Zebra Technologies in the fourth quarter worth $50,000. Venturi Wealth Management LLC raised its stake in shares of Zebra Technologies by 28.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,319 shares of the industrial products company’s stock worth $509,000 after purchasing an additional 290 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Zebra Technologies by 0.7% in the fourth quarter. Sanctuary Advisors LLC now owns 10,719 shares of the industrial products company’s stock worth $4,231,000 after purchasing an additional 76 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $324.75 on Thursday. The stock has a 50-day simple moving average of $385.62 and a two-hundred day simple moving average of $373.40. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.43. The firm has a market capitalization of $16.75 billion, a PE ratio of 31.90 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a net margin of 10.60% and a return on equity of 18.34%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Analysts forecast that Zebra Technologies Co. will post 14.82 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on ZBRA shares. Barclays decreased their price target on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Needham & Company LLC decreased their price target on Zebra Technologies from $430.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Citigroup started coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target for the company. UBS Group cut their price objective on Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday. Finally, StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and an average target price of $381.42.

Zebra Technologies Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.