Integrated Investment Consultants LLC Buys 406 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Integrated Investment Consultants LLC lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 15.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,103 shares of the industrial products company’s stock after acquiring an additional 406 shares during the period. Integrated Investment Consultants LLC’s holdings in Zebra Technologies were worth $1,198,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. grew its holdings in Zebra Technologies by 17.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 3,700 shares of the industrial products company’s stock valued at $1,143,000 after purchasing an additional 557 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Zebra Technologies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock valued at $120,650,000 after buying an additional 21,534 shares during the last quarter. Renaissance Technologies LLC bought a new position in Zebra Technologies in the 2nd quarter worth $782,000. Edgestream Partners L.P. acquired a new position in Zebra Technologies during the 2nd quarter worth $563,000. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Zebra Technologies by 21.9% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 874 shares of the industrial products company’s stock valued at $270,000 after acquiring an additional 157 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Truist Financial lifted their price objective on Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a research note on Thursday. Robert W. Baird lifted their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. TD Cowen increased 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. Citigroup assumed coverage on shares of Zebra Technologies in a research report on Tuesday. They set a “neutral” rating and a $430.00 target price on the stock. Finally, Barclays increased their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $401.25.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $405.71 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average price of $396.79 and a 200 day moving average price of $365.01. The firm has a market capitalization of $20.93 billion, a PE ratio of 55.20 and a beta of 1.64. Zebra Technologies Co. has a 12-month low of $233.95 and a 12-month high of $413.43.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm earned $0.57 EPS. Zebra Technologies’s quarterly revenue was up 31.3% on a year-over-year basis. Research analysts anticipate that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction on Thursday, October 31st. The stock was 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 owns 11,421 shares in the company, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.04% of the stock is currently owned by corporate insiders.

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.