Wilmington Savings Fund Society FSB Purchases Shares of 249 Zebra Technologies Co. (NASDAQ:ZBRA)

Wilmington Savings Fund Society FSB acquired a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the 3rd quarter, HoldingsChannel reports. The firm acquired 249 shares of the industrial products company’s stock, valued at approximately $92,000.

A number of other large investors have also recently made changes to their positions in ZBRA. Sequoia Financial Advisors LLC purchased a new stake in Zebra Technologies in the third quarter worth $247,000. Point72 DIFC Ltd bought a new position in Zebra Technologies in the 3rd quarter worth $2,113,000. Versor Investments LP purchased a new stake in shares of Zebra Technologies in the 3rd quarter worth about $1,752,000. Cerity Partners LLC boosted its stake in shares of Zebra Technologies by 45.3% during the 3rd quarter. Cerity Partners LLC now owns 10,668 shares of the industrial products company’s stock valued at $3,950,000 after purchasing an additional 3,328 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Zebra Technologies by 1,087.2% during the second quarter. Acadian Asset Management LLC now owns 1,674 shares of the industrial products company’s stock valued at $516,000 after buying an additional 1,533 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $393.04 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The company has a market capitalization of $20.27 billion, a price-to-earnings ratio of 53.47 and a beta of 1.63. Zebra Technologies Co. has a one year low of $233.95 and a one year high of $413.43. The company’s 50-day moving average is $390.86 and its 200 day moving average is $352.61.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business’s revenue for the quarter was up 31.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 earnings per share. Sell-side analysts expect that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ZBRA has been the subject of several research analyst reports. UBS Group raised their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Truist Financial raised their target price on Zebra Technologies from $383.00 to $408.00 and gave the company a “hold” rating in a research note on Thursday. Needham & Company LLC increased their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. TD Cowen raised their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird upped their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $398.55.

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.