&Partners Purchases Shares of 2,001 Zebra Technologies Co. (NASDAQ:ZBRA)

&Partners bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,001 shares of the industrial products company’s stock, valued at approximately $618,000.

Other large investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. bought a new position in Zebra Technologies during the first quarter worth about $36,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 33 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Zebra Technologies by 210.3% during the 1st quarter. Global Retirement Partners LLC now owns 121 shares of the industrial products company’s stock worth $36,000 after buying an additional 82 shares during the period. Webster Bank N. A. grew its holdings in Zebra Technologies by 792.9% during the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 111 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Zebra Technologies in the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Buying and Selling

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the transaction, the insider now owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.06% of the stock is owned by corporate insiders.

Zebra Technologies Stock Up 2.8 %

Shares of NASDAQ ZBRA opened at $351.62 on Friday. The company has a market cap of $18.14 billion, a price-to-earnings ratio of 69.77 and a beta of 1.65. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $372.93. The stock has a 50-day moving average price of $322.86 and a two-hundred day moving average price of $303.91.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the company earned $3.24 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts forecast that Zebra Technologies Co. will post 11.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Barclays raised their price objective on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $258.00 to $305.00 in a report on Thursday, June 13th. Truist Financial reiterated a “hold” rating and issued a $345.00 price target (up previously from $315.00) on shares of Zebra Technologies in a research note on Wednesday, July 31st. Finally, UBS Group lifted their target price on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and an average target price of $349.64.

Zebra Technologies Company 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.