Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Fort Pitt Capital Group LLC

Fort Pitt Capital Group LLC reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,474 shares of the industrial products company’s stock after selling 835 shares during the period. Zebra Technologies makes up about 3.2% of Fort Pitt Capital Group LLC’s investment portfolio, making the stock its 14th biggest holding. Fort Pitt Capital Group LLC’s holdings in Zebra Technologies were worth $113,123,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Zebra Technologies by 1.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company’s stock valued at $447,828,000 after purchasing an additional 24,058 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Zebra Technologies by 44.8% during the first 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 acquiring an additional 425,207 shares in the last quarter. Boston Partners grew its stake in shares of Zebra Technologies by 9.7% during the first quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after acquiring an additional 98,045 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Zebra Technologies by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock valued at $120,650,000 after acquiring an additional 21,534 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Zebra Technologies by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 346,939 shares of the industrial products company’s stock valued at $107,180,000 after acquiring an additional 7,117 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the transaction, the insider now owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ZBRA has been the subject of several recent analyst reports. Vertical Research initiated coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price for the company. Morgan Stanley raised their target price on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday. Stephens raised their target price on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, UBS Group increased their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $384.64 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 1.37. The company’s 50-day simple moving average is $359.28 and its 200-day simple moving average is $331.01. Zebra Technologies Co. has a one year low of $198.19 and a one year high of $394.57. The stock has a market capitalization of $19.84 billion, a price-to-earnings ratio of 52.33 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company posted $0.57 earnings per share. Zebra Technologies’s revenue was up 31.3% on a year-over-year basis. Equities analysts anticipate that Zebra Technologies Co. will post 11.09 earnings per share 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.