Roman Butler Fullerton & Co. Buys New Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Roman Butler Fullerton & Co. purchased a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 791 shares of the industrial products company’s stock, valued at approximately $256,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZBRA. Global Retirement Partners LLC grew its holdings in shares of Zebra Technologies by 210.3% during the first 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 last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of Zebra Technologies in the first quarter valued at approximately $36,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Zebra Technologies by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 33 shares during the period. Webster Bank N. A. lifted its holdings in shares of Zebra Technologies by 792.9% during the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 111 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Zebra Technologies during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Vertical Research began coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective for the company. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Needham & Company LLC boosted their target price on Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. UBS Group raised their price target on Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Finally, Robert W. Baird upped their price objective on Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $349.64.

Zebra Technologies Price Performance

ZBRA traded up $11.78 during midday trading on Tuesday, reaching $332.12. 431,627 shares of the company’s stock were exchanged, compared to its average volume of 365,120. Zebra Technologies Co. has a 1-year low of $194.59 and a 1-year high of $372.93. The stock has a market capitalization of $17.13 billion, a PE ratio of 65.84 and a beta of 1.65. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. The business’s 50-day moving average price is $315.94 and its 200 day moving average price is $298.66.

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

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.