Hartline Investment Corp Acquires 1,645 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Hartline Investment Corp grew its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 10.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 16,842 shares of the industrial products company’s stock after acquiring an additional 1,645 shares during the period. Zebra Technologies accounts for about 0.8% of Hartline Investment Corp’s portfolio, making the stock its 25th largest position. Hartline Investment Corp’s holdings in Zebra Technologies were worth $6,237,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Concord Wealth Partners bought a new position in shares of Zebra Technologies during the third quarter worth $30,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zebra Technologies during the 2nd quarter valued at about $27,000. Farmers & Merchants Investments Inc. grew its position in shares of Zebra Technologies by 185.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 63 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Zebra Technologies in the second quarter worth about $32,000. Finally, Blue Trust Inc. lifted its position in shares of Zebra Technologies by 136.7% in the third quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after buying an additional 67 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Down 0.1 %

ZBRA opened at $402.69 on Wednesday. Zebra Technologies Co. has a one year low of $202.01 and a one year high of $405.62. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The stock has a market cap of $20.77 billion, a price-to-earnings ratio of 54.79 and a beta of 1.64. The stock’s 50 day moving average price is $364.88 and its 200-day moving average price is $336.26.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating the consensus estimate of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $0.57 EPS. Zebra Technologies’s quarterly revenue was up 31.3% on a year-over-year basis. On average, equities analysts forecast that Zebra Technologies Co. will post 12.4 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ZBRA shares. StockNews.com upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Vertical Research began coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price target on the stock. Truist Financial reaffirmed a “hold” rating and set a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. Morgan Stanley boosted their target price 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. Finally, Needham & Company LLC increased their price target on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and an average price target of $385.18.

Insider Activity at Zebra Technologies

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at approximately $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 can be accessed through this link. In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the sale, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.04% of the stock is currently owned by company 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.