Bank of Montreal Can Raises Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Bank of Montreal Can lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 18.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 51,081 shares of the industrial products company’s stock after acquiring an additional 8,073 shares during the period. Bank of Montreal Can owned 0.10% of Zebra Technologies worth $15,827,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ZBRA. Farmers & Merchants Investments Inc. raised its stake in Zebra Technologies by 185.3% during 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 purchased a new stake in shares of Zebra Technologies during the 2nd quarter valued at approximately $32,000. BOK Financial Private Wealth Inc. acquired a new position in Zebra Technologies in the first quarter valued at approximately $36,000. Massmutual Trust Co. FSB ADV grew its position in Zebra Technologies by 38.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 33 shares during the period. Finally, Webster Bank N. A. increased its stake in Zebra Technologies by 792.9% during the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 111 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ZBRA. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their price target for the company from $258.00 to $305.00 in a research note on Thursday, June 13th. TD Cowen increased their target price on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Barclays lifted their price target on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. Needham & Company LLC upped their price objective on shares of Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Stephens lifted their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $349.64.

Insider Transactions at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now directly owns 9,694 shares in the company, valued at $3,312,342.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Trading Down 0.7 %

ZBRA opened at $368.60 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.84. The stock has a market capitalization of $19.01 billion, a price-to-earnings ratio of 73.14 and a beta of 1.65. The business has a fifty day moving average price of $339.81 and a 200 day moving average price of $316.92. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $375.88.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the firm earned $3.24 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts expect that Zebra Technologies Co. will post 11.12 earnings per share for the current fiscal year.

About Zebra Technologies

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.