Atria Investments Inc Acquires 254 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Atria Investments Inc grew its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 2.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,700 shares of the industrial products company’s stock after purchasing an additional 254 shares during the period. Atria Investments Inc’s holdings in Zebra Technologies were worth $3,225,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ZBRA. Vanguard Group Inc. grew its position in Zebra Technologies by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 6,082,360 shares of the industrial products company’s stock worth $1,662,491,000 after acquiring an additional 22,327 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of 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 valued at $414,117,000 after buying an additional 425,207 shares during the last quarter. Boston Partners grew its position in shares of Zebra Technologies by 107.1% in the 4th quarter. Boston Partners now owns 1,010,774 shares of the industrial products company’s stock valued at $276,222,000 after buying an additional 522,779 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Zebra Technologies by 663.2% in the 4th quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock valued at $264,270,000 after buying an additional 840,169 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Zebra Technologies by 13.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 636,556 shares of the industrial products company’s stock valued at $173,990,000 after purchasing an additional 77,885 shares during the period. Institutional investors own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ZBRA shares. Needham & Company LLC boosted their price objective on Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen upped their price target on Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group upped their price target on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target on the stock in a research note on Monday, April 8th. Finally, Robert W. Baird raised their target price on Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies currently has an average rating of “Hold” and a consensus target price of $349.64.

Insider Activity

In other news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the transaction, the insider now directly owns 3,809 shares in the company, valued at $1,220,822.59. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.06% of the stock is owned by company insiders.

Zebra Technologies Stock Performance

NASDAQ:ZBRA traded down $20.28 during trading hours on Friday, reaching $322.30. The stock had a trading volume of 447,821 shares, compared to its average volume of 399,978. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.56 and a current ratio of 1.28. The stock has a 50 day simple moving average of $315.85 and a 200 day simple moving average of $295.15. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $372.93. The stock has a market cap of $16.57 billion, a P/E ratio of 63.95 and a beta of 1.65.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $3.24 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts forecast that Zebra Technologies Co. will post 10.79 EPS for the current fiscal year.

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.