Boyd Watterson Asset Management LLC OH Has $1.53 Million Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Boyd Watterson Asset Management LLC OH lessened its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 1.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,136 shares of the industrial products company’s stock after selling 51 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Zebra Technologies were worth $1,532,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zebra Technologies during the 2nd quarter worth $27,000. Farmers & Merchants Investments Inc. boosted its position 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 position in shares of Zebra Technologies in the second quarter worth about $32,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Zebra Technologies in the first quarter valued at approximately $36,000. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of 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 valued at $36,000 after purchasing an additional 33 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ZBRA shares. Stephens boosted 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. Needham & Company LLC boosted their price objective on Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. TD Cowen lifted their target price on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Barclays upped their price target on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $352.73.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $368.15 on Thursday. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $380.05. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. The company has a market cap of $18.99 billion, a PE ratio of 83.09 and a beta of 1.66. The stock has a 50-day moving average price of $355.22 and a 200-day moving average price of $327.04.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating 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 business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the firm posted $3.24 earnings per share. Zebra Technologies’s quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts forecast that Zebra Technologies Co. will post 11.09 earnings per share for the current fiscal year.

Insider Transactions at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the 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 transaction, the insider now owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This 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. 1.06% of the stock is currently owned by 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.