Heritage Wealth Management LLC Makes New $385,000 Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Heritage Wealth Management LLC acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,408 shares of the industrial products company’s stock, valued at approximately $385,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Zebra Technologies by 0.6% in the third quarter. Vanguard Group Inc. now owns 6,060,033 shares of the industrial products company’s stock valued at $1,433,380,000 after acquiring an additional 36,194 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Zebra Technologies by 4.9% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,646,301 shares of the industrial products company’s stock valued at $389,400,000 after acquiring an additional 77,086 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Zebra Technologies by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 1,191,194 shares of the industrial products company’s stock valued at $281,753,000 after acquiring an additional 92,055 shares during the last quarter. Black Creek Investment Management Inc. boosted its stake in Zebra Technologies by 6.3% in the third quarter. Black Creek Investment Management Inc. now owns 992,730 shares of the industrial products company’s stock valued at $234,810,000 after acquiring an additional 59,200 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Zebra Technologies by 663.2% in the fourth quarter. Victory Capital Management Inc. now owns 966,855 shares of the industrial products company’s stock valued at $264,270,000 after acquiring an additional 840,169 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ZBRA shares. TD Cowen increased their target price on shares of Zebra Technologies from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday. Needham & Company LLC increased their target price on shares of Zebra Technologies from $320.00 to $352.00 and gave the stock a “buy” rating in a report on Wednesday. UBS Group increased their target price on shares of Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird raised their price objective on shares of Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Barclays initiated coverage on shares of Zebra Technologies in a report on Tuesday, April 2nd. They set an “equal weight” rating and a $292.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $310.64.

Zebra Technologies Stock Performance

Shares of ZBRA traded down $1.55 during midday trading on Friday, reaching $311.16. The stock had a trading volume of 205,481 shares, compared to its average volume of 387,854. The firm has a 50 day simple moving average of $289.08 and a 200-day simple moving average of $257.47. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $322.95. The firm has a market cap of $15.99 billion, a PE ratio of 62.05 and a beta of 1.76. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.57.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.59 EPS. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 9.76 EPS for the current year.

Insider Buying and Selling

In related news, CAO Colleen M. O’sullivan sold 135 shares of Zebra Technologies stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.06% of the stock is currently owned by insiders.

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.