UMB Bank n.a. boosted its stake in Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 131.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 931 shares of the industrial products company's stock after purchasing an additional 529 shares during the period. UMB Bank n.a.'s holdings in Zebra Technologies were worth $244,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in ZBRA. Parallel Advisors LLC raised its holdings in Zebra Technologies by 5.8% during the 2nd quarter. Parallel Advisors LLC now owns 507 shares of the industrial products company's stock valued at $149,000 after acquiring an additional 28 shares during the period. Motley Fool Asset Management LLC raised its holdings in Zebra Technologies by 3.1% during the 2nd quarter. Motley Fool Asset Management LLC now owns 1,231 shares of the industrial products company's stock valued at $372,000 after acquiring an additional 37 shares during the period. Byrne Asset Management LLC raised its holdings in Zebra Technologies by 11.1% during the 2nd quarter. Byrne Asset Management LLC now owns 389 shares of the industrial products company's stock valued at $114,000 after acquiring an additional 39 shares during the period. Venture Visionary Partners LLC raised its holdings in Zebra Technologies by 5.5% during the 2nd quarter. Venture Visionary Partners LLC now owns 766 shares of the industrial products company's stock valued at $225,000 after acquiring an additional 40 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings in Zebra Technologies by 4.5% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 954 shares of the industrial products company's stock valued at $280,000 after acquiring an additional 41 shares during the period. Institutional investors own 85.16% of the company's stock.
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Zebra Technologies Price Performance
Shares of NASDAQ:ZBRA opened at $248.22 on Friday. The company's fifty day moving average price is $257.38 and its 200-day moving average price is $287.27. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 19.84 and a beta of 1.61. Zebra Technologies Co. has a one year low of $224.87 and a one year high of $609.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.90 and a quick ratio of 0.51.
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last issued its quarterly earnings results on Tuesday, November 1st. The industrial products company reported $3.65 EPS for the quarter, missing analysts' consensus estimates of $4.20 by ($0.55). The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.48 billion. Zebra Technologies had a return on equity of 30.41% and a net
margin of 8.15%. On average, equities research analysts anticipate that Zebra Technologies Co. will post 15.8 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. UBS Group lowered their target price on shares of Zebra Technologies from $485.00 to $445.00 in a report on Thursday, November 3rd. Robert W. Baird upped their target price on shares of Zebra Technologies from $300.00 to $315.00 in a report on Tuesday, December 20th. Wolfe Research lowered shares of Zebra Technologies from a "market perform" rating to an "underperform" rating in a report on Thursday, December 1st. Morgan Stanley upped their target price on shares of Zebra Technologies from $225.00 to $260.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 13th. Finally, StockNews.com began coverage on shares of Zebra Technologies in a report on Wednesday, October 12th. They set a "hold" rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $381.29.
Zebra Technologies Company 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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