Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Fortis Capital Advisors LLC

Fortis Capital Advisors LLC increased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 23.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,568 shares of the industrial products company’s stock after purchasing an additional 494 shares during the quarter. Fortis Capital Advisors LLC’s holdings in Zebra Technologies were worth $992,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC raised its stake in shares of Zebra Technologies by 4.3% in the 3rd quarter. HighTower Advisors LLC now owns 5,923 shares of the industrial products company’s stock valued at $2,190,000 after acquiring an additional 245 shares during the period. Quantinno Capital Management LP raised its position in Zebra Technologies by 39.8% in the third quarter. Quantinno Capital Management LP now owns 2,324 shares of the industrial products company’s stock valued at $861,000 after purchasing an additional 662 shares during the period. Wellington Management Group LLP lifted its stake in Zebra Technologies by 5.6% during the third quarter. Wellington Management Group LLP now owns 3,457 shares of the industrial products company’s stock worth $1,280,000 after purchasing an additional 183 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Zebra Technologies by 8.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 15,069 shares of the industrial products company’s stock worth $5,580,000 after buying an additional 1,180 shares during the period. Finally, Barclays PLC grew its stake in shares of Zebra Technologies by 2.4% in the third quarter. Barclays PLC now owns 113,177 shares of the industrial products company’s stock valued at $41,910,000 after buying an additional 2,617 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $225.44 on Friday. The company has a market cap of $11.58 billion, a P/E ratio of 22.15 and a beta of 1.76. The firm has a fifty day moving average price of $293.40 and a 200 day moving average price of $356.49. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a 12 month low of $205.73 and a 12 month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Sell-side analysts predict that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Zebra Technologies

In related news, Director Anders Gustafsson purchased 500 shares of Zebra Technologies stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $311.00 per share, with a total value of $155,500.00. Following the completion of the transaction, the director now directly owns 202,176 shares in the company, valued at approximately $62,876,736. The trade was a 0.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of several research reports. Citigroup began coverage on Zebra Technologies in a research note on Tuesday, January 14th. They set a “neutral” rating and a $430.00 target price on the stock. Truist Financial lowered their price objective on shares of Zebra Technologies from $379.00 to $254.00 and set a “hold” rating for the company in a research note on Tuesday. Needham & Company LLC cut their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. UBS Group decreased their price target on shares of Zebra Technologies from $445.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Finally, Barclays cut their price objective on Zebra Technologies from $407.00 to $326.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $359.73.

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.