Mountain Pacific Investment Advisers Inc. ID Has $17.46 Million Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Mountain Pacific Investment Advisers Inc. ID cut its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 13.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 63,879 shares of the industrial products company’s stock after selling 9,813 shares during the quarter. Mountain Pacific Investment Advisers Inc. ID’s holdings in Zebra Technologies were worth $17,460,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. First Horizon Advisors Inc. boosted its position in Zebra Technologies by 60.2% during the third quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 56 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Zebra Technologies in the 4th quarter worth approximately $44,000. Centerpoint Advisors LLC purchased a new stake in Zebra Technologies in the 3rd quarter worth approximately $59,000. GAMMA Investing LLC purchased a new position in shares of Zebra Technologies during the 4th quarter valued at $78,000. Finally, Huntington National Bank increased its holdings in shares of Zebra Technologies by 104.0% in the third quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 182 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Stock Up 1.6 %

NASDAQ:ZBRA opened at $297.21 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $320.55. The company has a 50-day moving average of $286.38 and a 200 day moving average of $254.84. The firm has a market cap of $15.27 billion, a PE ratio of 52.05 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.09. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1 billion. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The business’s revenue for the quarter was down 32.9% on a year-over-year basis. During the same quarter last year, the firm earned $4.43 EPS. As a group, research analysts anticipate that Zebra Technologies Co. will post 9.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZBRA. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective on the stock in a research note on Monday, April 8th. Barclays began coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 target price on the stock. StockNews.com cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Finally, Truist Financial assumed coverage on shares of Zebra Technologies in a research note on Thursday, March 14th. They set a “hold” rating and a $300.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Zebra Technologies has a consensus rating of “Hold” and an average target price of $278.64.

Insider Activity

In other news, CAO Colleen M. O’sullivan sold 135 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the sale, the chief accounting officer now directly owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

About Zebra Technologies

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.