Mountain Pacific Investment Advisers Inc. ID raised its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,469 shares of the industrial products company's stock after buying an additional 2,629 shares during the quarter. Zebra Technologies comprises about 1.6% of Mountain Pacific Investment Advisers Inc. ID's portfolio, making the stock its 27th biggest holding. Mountain Pacific Investment Advisers Inc. ID owned approximately 0.13% of Zebra Technologies worth $20,714,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of ZBRA. Clear Harbor Asset Management LLC grew its holdings in shares of Zebra Technologies by 11.3% in the second quarter. Clear Harbor Asset Management LLC now owns 1,875 shares of the industrial products company's stock valued at $551,000 after purchasing an additional 190 shares during the period. Byrne Asset Management LLC lifted its position in Zebra Technologies by 11.1% in the second quarter. Byrne Asset Management LLC now owns 389 shares of the industrial products company's stock valued at $114,000 after buying an additional 39 shares during the last quarter. Wealthfront Advisers LLC lifted its position in Zebra Technologies by 25.0% in the second quarter. Wealthfront Advisers LLC now owns 1,812 shares of the industrial products company's stock valued at $533,000 after buying an additional 362 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Zebra Technologies by 7.9% in the second quarter. Exchange Traded Concepts LLC now owns 600 shares of the industrial products company's stock valued at $176,000 after buying an additional 44 shares during the last quarter. Finally, Trust Co. of Vermont acquired a new position in Zebra Technologies in the second quarter valued at about $34,000. Hedge funds and other institutional investors own 85.65% of the company's stock.
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Insider Transactions at Zebra Technologies
In other news, insider Stephen Edgar Williams sold 2,331 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $328.50, for a total value of $765,733.50. Following the completion of the transaction, the insider now owns 1,976 shares of the company's stock, valued at $649,116. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.11% of the company's stock.
Analysts Set New Price Targets
Several analysts have recently issued reports on ZBRA shares. UBS Group reduced their price target on shares of Zebra Technologies from $510.00 to $495.00 and set a "buy" rating on the stock in a research report on Thursday, August 4th. Needham & Company LLC cut their target price on shares of Zebra Technologies from $500.00 to $450.00 and set a "buy" rating on the stock in a research note on Wednesday, August 3rd. Stephens cut their target price on shares of Zebra Technologies from $600.00 to $500.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 3rd. TheStreet lowered shares of Zebra Technologies from a "b-" rating to a "c+" rating in a research note on Monday, June 27th. Finally, StockNews.com lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, June 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $453.33.
Zebra Technologies Stock Down 1.3 %
ZBRA opened at $262.01 on Friday. The stock has a market capitalization of $13.57 billion, a price-to-earnings ratio of 20.25 and a beta of 1.68. Zebra Technologies Co. has a 12 month low of $261.63 and a 12 month high of $615.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.56. The business has a 50-day moving average of $310.98 and a two-hundred day moving average of $337.54.
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last announced its earnings results on Tuesday, August 2nd. The industrial products company reported $4.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.93 by $0.68. Zebra Technologies had a return on equity of 31.30% and a net margin of 8.56%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the company posted $4.17 EPS. Zebra Technologies's quarterly revenue was up 6.6% on a year-over-year basis. On average, research analysts expect that Zebra Technologies Co. will post 16.89 earnings per share for the current year.
Zebra Technologies Profile
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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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.
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