First Horizon Advisors Inc. Buys 43 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

First Horizon Advisors Inc. boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 7.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 637 shares of the industrial products company’s stock after purchasing an additional 43 shares during the quarter. First Horizon Advisors Inc.’s holdings in Zebra Technologies were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Concord Wealth Partners acquired a new position in Zebra Technologies in the 3rd quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zebra Technologies in the second quarter valued at about $27,000. Farmers & Merchants Investments Inc. increased its stake in shares of 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. Transcendent Capital Group LLC acquired a new position in shares of Zebra Technologies during the 2nd quarter worth about $32,000. Finally, Blue Trust Inc. lifted its position in shares of Zebra Technologies by 136.7% during the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 67 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Up 1.2 %

NASDAQ ZBRA opened at $397.19 on Friday. Zebra Technologies Co. has a 1-year low of $225.83 and a 1-year high of $405.62. The company has a market capitalization of $20.49 billion, a price-to-earnings ratio of 54.04 and a beta of 1.64. The stock’s 50 day moving average is $374.50 and its two-hundred day moving average is $340.51. 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 (NASDAQ:ZBRA) last announced its quarterly earnings results 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 business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm earned $0.57 EPS. Zebra Technologies’s quarterly revenue was up 31.3% on a year-over-year basis. Equities analysts forecast that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ZBRA. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. TD Cowen boosted their target price on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. Robert W. Baird boosted their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley increased their target price on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $385.18.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is currently owned by corporate 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.