Integrated Investment Consultants LLC Trims Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Integrated Investment Consultants LLC trimmed its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,697 shares of the industrial products company’s stock after selling 26 shares during the period. Integrated Investment Consultants LLC’s holdings in Zebra Technologies were worth $999,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ZBRA. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Zebra Technologies by 1.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company’s stock worth $447,828,000 after purchasing an additional 24,058 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Zebra Technologies by 44.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock worth $414,117,000 after acquiring an additional 425,207 shares during the period. Boston Partners raised its holdings in Zebra Technologies by 9.7% in the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after acquiring an additional 98,045 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Zebra Technologies by 4.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company’s stock worth $158,001,000 after purchasing an additional 18,922 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Zebra Technologies by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock valued at $120,650,000 after purchasing an additional 21,534 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $392.66 on Friday. Zebra Technologies Co. has a 12 month low of $221.59 and a 12 month high of $405.62. The stock has a market cap of $20.25 billion, a price-to-earnings ratio of 53.42 and a beta of 1.64. The stock’s 50 day moving average price is $373.38 and its 200 day moving average price is $340.14. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company earned $0.57 earnings per share. Zebra Technologies’s revenue was up 31.3% compared to the same quarter last year. Equities research analysts anticipate that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on ZBRA. Truist Financial restated a “hold” rating and issued a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Morgan Stanley upped their price target on Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a report on Wednesday, October 30th. UBS Group boosted their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Barclays lifted their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $385.18.

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.