HighPoint Advisor Group LLC Grows Position in Zebra Technologies Co. (NASDAQ:ZBRA)

HighPoint Advisor Group LLC lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 99.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,085 shares of the industrial products company’s stock after purchasing an additional 4,536 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Zebra Technologies were worth $3,295,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Cascade Investment Advisors Inc. increased its holdings in Zebra Technologies by 0.6% in the 4th quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company’s stock valued at $1,704,000 after purchasing an additional 25 shares in the last quarter. Equitable Trust Co. lifted its position in Zebra Technologies by 1.7% during the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company’s stock worth $618,000 after acquiring an additional 27 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Zebra Technologies by 24.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 30 shares during the period. New York Life Investment Management LLC grew its position in Zebra Technologies by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company’s stock valued at $2,976,000 after acquiring an additional 30 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Zebra Technologies by 2.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company’s stock worth $518,000 after purchasing an additional 32 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. UBS Group lowered their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Morgan Stanley lowered their target price on Zebra Technologies from $427.00 to $390.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Citigroup started coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. Truist Financial lowered their price objective on Zebra Technologies from $409.00 to $379.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Finally, Robert W. Baird cut their target price on Zebra Technologies from $432.00 to $380.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $381.42.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $280.79 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. Zebra Technologies Co. has a 12-month low of $266.75 and a 12-month high of $427.76. The business’s fifty day moving average price is $332.18 and its 200 day moving average price is $366.05. The stock has a market capitalization of $14.43 billion, a PE ratio of 27.58 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.31 billion. Equities research analysts forecast that Zebra Technologies Co. will post 13.71 EPS for the current year.

Insider Buying and Selling at Zebra Technologies

In related news, Director Anders Gustafsson bought 500 shares of the company’s stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares of the company’s stock, valued at approximately $62,876,736. This represents a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.06% of the stock is currently owned by 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.