Fenimore Asset Management Inc Sells 163 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Fenimore Asset Management Inc lowered its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 321,284 shares of the industrial products company’s stock after selling 163 shares during the quarter. Zebra Technologies accounts for approximately 2.6% of Fenimore Asset Management Inc’s portfolio, making the stock its 13th biggest position. Fenimore Asset Management Inc’s holdings in Zebra Technologies were worth $124,086,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in Zebra Technologies in the 2nd quarter valued at $782,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Zebra Technologies by 15.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 292 shares of the industrial products company’s stock valued at $90,000 after buying an additional 38 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Zebra Technologies during the second quarter valued at about $1,187,000. Sei Investments Co. increased its position in shares of Zebra Technologies by 11.2% during the second quarter. Sei Investments Co. now owns 43,060 shares of the industrial products company’s stock worth $13,303,000 after acquiring an additional 4,347 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Zebra Technologies by 22.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 12,498 shares of the industrial products company’s stock worth $3,860,000 after acquiring an additional 2,278 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Trading Down 1.5 %

NASDAQ:ZBRA opened at $414.61 on Friday. The firm’s 50 day moving average is $398.66 and its 200 day moving average is $368.62. Zebra Technologies Co. has a 12 month low of $233.95 and a 12 month high of $427.76. The stock has a market capitalization of $21.39 billion, a PE ratio of 56.41 and a beta of 1.64. 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 issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. Sell-side analysts expect that Zebra Technologies Co. will post 11.8 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on ZBRA. Robert W. Baird boosted their price objective on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Barclays upped their price target on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. UBS Group raised their price objective on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial upped their target price on shares of Zebra Technologies from $408.00 to $409.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Finally, StockNews.com raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Zebra Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $401.25.

Insiders Place Their Bets

In other news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.06% of the company’s stock.

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.