Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Acquires Shares of 13,513 Zebra Technologies Co. (NASDAQ:ZBRA)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,513 shares of the industrial products company’s stock, valued at approximately $4,892,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ZBRA. Cascade Investment Advisors Inc. increased its stake in shares of Zebra Technologies by 0.7% during the 3rd quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company’s stock worth $1,625,000 after purchasing an additional 30 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Zebra Technologies by 1.4% during the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company’s stock worth $821,000 after purchasing an additional 31 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its stake in shares of Zebra Technologies by 38.8% during 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 during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Zebra Technologies by 3.1% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,163 shares of the industrial products company’s stock worth $431,000 after purchasing an additional 35 shares during the last quarter. Finally, Valmark Advisers Inc. increased its stake in shares of Zebra Technologies by 4.3% during the 3rd quarter. Valmark Advisers Inc. now owns 841 shares of the industrial products company’s stock worth $311,000 after purchasing an additional 35 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Insider Activity at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were 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 in the company, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.04% of the stock is currently owned by corporate insiders.

Zebra Technologies Stock Performance

ZBRA traded down $3.82 during midday trading on Wednesday, reaching $380.86. The company had a trading volume of 78,612 shares, compared to its average volume of 355,152. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. The stock has a market cap of $19.64 billion, a PE ratio of 86.84 and a beta of 1.66. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $394.57. The business has a 50-day moving average price of $357.05 and a two-hundred day moving average price of $329.20.

Zebra Technologies (NASDAQ:ZBRA) last announced 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 company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. Zebra Technologies’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.24 EPS. On average, sell-side analysts expect that Zebra Technologies Co. will post 11.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ZBRA shares. TD Cowen boosted their price objective 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. Truist Financial upped their price objective on shares of Zebra Technologies from $345.00 to $379.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Robert W. Baird upped their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays upped 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. Finally, Stephens upped their price target on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $374.60.

Zebra Technologies Company 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.