Advisors Asset Management Inc. Sells 123 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Advisors Asset Management Inc. reduced its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 5.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,009 shares of the industrial products company’s stock after selling 123 shares during the quarter. Advisors Asset Management Inc.’s holdings in Zebra Technologies were worth $744,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new position in shares of Zebra Technologies during the first quarter valued at $395,000. California State Teachers Retirement System increased its stake in Zebra Technologies by 2.3% during the 1st quarter. California State Teachers Retirement System now owns 87,480 shares of the industrial products company’s stock valued at $26,370,000 after purchasing an additional 1,932 shares in the last quarter. Tidal Investments LLC raised its holdings in Zebra Technologies by 172.3% in the first quarter. Tidal Investments LLC now owns 3,828 shares of the industrial products company’s stock worth $1,154,000 after buying an additional 2,422 shares during the last quarter. Comerica Bank raised its holdings in Zebra Technologies by 8.3% in the first quarter. Comerica Bank now owns 27,158 shares of the industrial products company’s stock worth $8,187,000 after buying an additional 2,092 shares during the last quarter. Finally, Wahed Invest LLC grew its holdings in shares of Zebra Technologies by 15.1% during the first quarter. Wahed Invest LLC now owns 1,000 shares of the industrial products company’s stock valued at $301,000 after buying an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a report on Wednesday, October 30th. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Robert W. Baird lifted their price objective on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Stephens upped their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC lifted their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Stock Up 0.4 %

Shares of ZBRA stock opened at $402.45 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a 12 month low of $227.65 and a 12 month high of $405.62. The stock has a market cap of $20.76 billion, a P/E ratio of 54.76 and a beta of 1.64. The company has a 50 day simple moving average of $377.79 and a two-hundred day simple moving average of $342.59.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. On average, research analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.04% of the stock is currently 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.