Heartland Bank & Trust Co Has $368,000 Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Heartland Bank & Trust Co reduced its position in Zebra Technologies Co. (NASDAQ:ZBRAGet Rating) by 35.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 889 shares of the industrial products company’s stock after selling 496 shares during the period. Heartland Bank & Trust Co’s holdings in Zebra Technologies were worth $368,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Andrew Hill Investment Advisors Inc. acquired a new stake in Zebra Technologies in the 4th quarter valued at about $25,000. KRS Capital Management LLC bought a new position in Zebra Technologies in the 4th quarter valued at about $29,000. McDonald Partners LLC bought a new position in Zebra Technologies in the 4th quarter valued at about $32,000. Parkside Financial Bank & Trust raised its holdings in Zebra Technologies by 58.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 68 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 25 shares during the period. Finally, CVA Family Office LLC bought a new position in Zebra Technologies in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 85.30% of the company’s stock.

Shares of ZBRA opened at $297.82 on Thursday. Zebra Technologies Co. has a 12 month low of $287.93 and a 12 month high of $615.00. The firm’s 50 day moving average is $343.39 and its 200-day moving average is $435.29. The stock has a market capitalization of $15.64 billion, a PE ratio of 19.67 and a beta of 1.61. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 0.31.

Zebra Technologies (NASDAQ:ZBRAGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The industrial products company reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.48 by $0.28. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Zebra Technologies had a net margin of 14.25% and a return on equity of 31.20%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $4.47 EPS. Equities research analysts predict that Zebra Technologies Co. will post 17.85 earnings per share for the current fiscal year.

Zebra Technologies announced that its board has initiated a stock buyback program on Tuesday, May 17th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 5.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Several research analysts have weighed in on the stock. UBS Group lowered their price target on shares of Zebra Technologies to $540.00 in a report on Friday, June 3rd. JPMorgan Chase & Co. raised shares of Zebra Technologies from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $530.00 to $500.00 in a report on Monday, April 4th. Needham & Company LLC lowered their price target on shares of Zebra Technologies from $535.00 to $500.00 in a report on Wednesday, May 4th. StockNews.com cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 9th. Finally, Robert W. Baird lowered their target price on shares of Zebra Technologies from $550.00 to $440.00 in a report on Wednesday, May 4th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $502.50.

Zebra Technologies Profile (Get Rating)

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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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