Tortoise Investment Management LLC Buys 100 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Tortoise Investment Management LLC boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 100.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 200 shares of the industrial products company’s stock after purchasing an additional 100 shares during the quarter. Tortoise Investment Management LLC’s holdings in Zebra Technologies were worth $55,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. bought a new position in Zebra Technologies in the 3rd quarter worth approximately $488,000. Deutsche Bank AG lifted its stake in Zebra Technologies by 4.0% during the third quarter. Deutsche Bank AG now owns 160,377 shares of the industrial products company’s stock worth $37,934,000 after purchasing an additional 6,179 shares during the period. Rhumbline Advisers boosted its holdings in Zebra Technologies by 0.3% during the third quarter. Rhumbline Advisers now owns 96,150 shares of the industrial products company’s stock valued at $22,742,000 after purchasing an additional 243 shares in the last quarter. Aviva PLC grew its stake in shares of Zebra Technologies by 180.2% in the 3rd quarter. Aviva PLC now owns 5,473 shares of the industrial products company’s stock valued at $1,295,000 after purchasing an additional 3,520 shares during the period. Finally, Johnson Investment Counsel Inc. acquired a new position in shares of Zebra Technologies in the 3rd quarter worth approximately $1,455,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insiders Place Their Bets

In related news, insider Michael Cho sold 1,657 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the completion of the transaction, the insider now owns 3,809 shares in the company, valued at $1,220,822.59. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Trading Down 2.4 %

Zebra Technologies stock traded down $7.54 during trading hours on Friday, reaching $301.37. 218,779 shares of the company’s stock traded hands, compared to its average volume of 241,600. The firm has a market capitalization of $15.50 billion, a price-to-earnings ratio of 59.80 and a beta of 1.70. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.56 and a current ratio of 0.99. Zebra Technologies Co. has a fifty-two week low of $194.59 and a fifty-two week high of $328.70. The firm’s 50 day moving average is $305.62 and its 200-day moving average is $279.99.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period last year, the firm earned $3.59 earnings per share. On average, analysts predict that Zebra Technologies Co. will post 10.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stephens boosted their price target on Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Truist Financial reiterated a “hold” rating and set a $315.00 target price (up previously from $300.00) on shares of Zebra Technologies in a research report on Wednesday, May 1st. StockNews.com upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Wolfe Research raised shares of 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. Finally, BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $258.00 to $305.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Zebra Technologies has a consensus rating of “Hold” and an average price target of $323.36.

Zebra Technologies 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.