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

Hartline Investment Corp raised its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 10.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,842 shares of the industrial products company’s stock after acquiring an additional 1,645 shares during the quarter. Zebra Technologies makes up approximately 0.8% of Hartline Investment Corp’s holdings, making the stock its 25th largest position. Hartline Investment Corp’s holdings in Zebra Technologies were worth $6,237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ZBRA. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zebra Technologies in the 2nd quarter worth about $27,000. Farmers & Merchants Investments Inc. grew its holdings in Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 63 shares during the period. Concord Wealth Partners bought a new position in shares of Zebra Technologies during the third quarter valued at approximately $30,000. Transcendent Capital Group LLC purchased a new position in shares of Zebra Technologies during the second quarter valued at approximately $32,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analysts Set New Price Targets

ZBRA has been the subject of a number of recent research reports. Stephens lifted their price objective on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Robert W. Baird lifted their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. UBS Group increased their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Barclays raised their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $385.18.

Insider Buying and Selling at Zebra Technologies

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

Zebra Technologies Stock Down 0.1 %

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

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly 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 firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company’s revenue was up 31.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. Research analysts anticipate that Zebra Technologies Co. will post 12.4 EPS for the current year.

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.