LRI Investments LLC Takes $195,000 Position in Zebra Technologies Co. (NASDAQ:ZBRA)

LRI Investments LLC acquired a new stake in Zebra Technologies Co. (NASDAQ:ZBRA) during the 1st quarter, Holdings Channel.com reports. The fund acquired 617 shares of the industrial products company’s stock, valued at approximately $195,000.

A number of other hedge funds have also bought and sold shares of the business. Heron Bay Capital Management increased its position in Zebra Technologies by 178.4% during the first quarter. Heron Bay Capital Management now owns 32,703 shares of the industrial products company’s stock worth $9,858,000 after acquiring an additional 20,956 shares during the period. Advisors Asset Management Inc. increased its position in Zebra Technologies by 5.3% during the first quarter. Advisors Asset Management Inc. now owns 3,249 shares of the industrial products company’s stock worth $979,000 after acquiring an additional 164 shares during the period. Natixis increased its position in Zebra Technologies by 3,599.2% during the first quarter. Natixis now owns 22,565 shares of the industrial products company’s stock worth $6,802,000 after acquiring an additional 21,955 shares during the period. CANADA LIFE ASSURANCE Co increased its position in Zebra Technologies by 1.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 35,089 shares of the industrial products company’s stock worth $10,586,000 after acquiring an additional 342 shares during the period. Finally, Bessemer Group Inc. increased its position in Zebra Technologies by 214.8% during the first quarter. Bessemer Group Inc. now owns 10,384 shares of the industrial products company’s stock worth $3,131,000 after acquiring an additional 7,085 shares during the period. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded up $1.57 on Friday, hitting $325.98. The company had a trading volume of 458,685 shares, compared to its average volume of 275,313. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of 64.68 and a beta of 1.66. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57. The firm has a 50 day moving average of $314.26 and a two-hundred day moving average of $292.38. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $337.08.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group raised their price target on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Truist Financial reaffirmed a “hold” rating and set a $315.00 price target (up previously from $300.00) on shares of Zebra Technologies in a 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. Robert W. Baird increased their price target on shares of Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Stephens increased their price target on shares of Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $327.67.

Insider Buying and Selling

In related news, insider Michael Cho sold 1,657 shares of Zebra Technologies stock in a transaction 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 of the company’s stock, valued at $1,220,822.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is owned by insiders.

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.