Greenleaf Trust Buys 2,230 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Greenleaf Trust raised its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 271.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,052 shares of the industrial products company’s stock after acquiring an additional 2,230 shares during the quarter. Greenleaf Trust’s holdings in Zebra Technologies were worth $1,130,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Zebra Technologies by 1.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company’s stock valued at $447,828,000 after purchasing an additional 24,058 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Zebra Technologies by 44.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock valued at $414,117,000 after purchasing an additional 425,207 shares during the last quarter. Boston Partners boosted its stake in Zebra Technologies by 9.7% during the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after purchasing an additional 98,045 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Zebra Technologies by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock valued at $120,650,000 after purchasing an additional 21,534 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Zebra Technologies by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 346,939 shares of the industrial products company’s stock valued at $107,180,000 after purchasing an additional 7,117 shares during the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, 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 transaction of $341,690.00. Following the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

Shares of Zebra Technologies stock opened at $362.05 on Friday. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $380.05. The stock’s fifty day moving average is $355.60 and its 200 day moving average is $327.28. The stock has a market cap of $18.67 billion, a P/E ratio of 81.73 and a beta of 1.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm earned $3.24 earnings per share. Sell-side analysts anticipate that Zebra Technologies Co. will post 11.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of research reports. TD Cowen raised their price target on Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Vertical Research initiated coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price target on the stock. Barclays raised their price target on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Finally, Truist Financial raised their price target on Zebra Technologies from $345.00 to $379.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $352.73.

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.