Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC reduced its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,490 shares of the industrial products company’s stock after selling 142 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Zebra Technologies were worth $2,120,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ZBRA. MassMutual Private Wealth & Trust FSB raised its stake in Zebra Technologies by 24.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock valued at $58,000 after buying an additional 30 shares in the last quarter. Artemis Investment Management LLP raised its position in shares of Zebra Technologies by 18.5% during the 4th quarter. Artemis Investment Management LLP now owns 50,846 shares of the industrial products company’s stock valued at $19,638,000 after acquiring an additional 7,923 shares in the last quarter. Aaron Wealth Advisors LLC bought a new position in Zebra Technologies during the fourth quarter worth $205,000. HB Wealth Management LLC boosted its holdings in Zebra Technologies by 14.7% in the fourth quarter. HB Wealth Management LLC now owns 1,378 shares of the industrial products company’s stock worth $532,000 after purchasing an additional 177 shares during the period. Finally, Integrated Investment Consultants LLC increased its stake in Zebra Technologies by 15.1% during the fourth quarter. Integrated Investment Consultants LLC now owns 3,103 shares of the industrial products company’s stock valued at $1,198,000 after purchasing an additional 406 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Price Performance

NASDAQ ZBRA opened at $405.71 on Tuesday. The firm has a market capitalization of $20.93 billion, a PE ratio of 55.20 and a beta of 1.64. 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 Co. has a 12 month low of $233.95 and a 12 month high of $413.43. The company’s 50 day simple moving average is $396.84 and its 200 day simple moving average is $366.42.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 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 company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. As a group, equities research analysts forecast that Zebra Technologies Co. will post 11.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on ZBRA. Needham & Company LLC raised their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their target price on Zebra Technologies from $400.00 to $427.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Barclays increased their price target on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Robert W. Baird boosted their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, TD Cowen increased their target price on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $401.25.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.04% of the stock is owned by corporate insiders.

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.