Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Palmer Knight Co

Palmer Knight Co cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 23,959 shares of the industrial products company’s stock after selling 261 shares during the period. Zebra Technologies accounts for approximately 3.9% of Palmer Knight Co’s portfolio, making the stock its 4th biggest holding. Palmer Knight Co’s holdings in Zebra Technologies were worth $8,872,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Concord Wealth Partners bought a new position in shares of Zebra Technologies in the third quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Zebra Technologies in the 2nd quarter worth about $27,000. Farmers & Merchants Investments Inc. boosted its position in Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 63 shares during the period. Transcendent Capital Group LLC purchased a new position in Zebra Technologies during the 2nd quarter valued at about $32,000. Finally, Blue Trust Inc. increased its holdings in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. Stephens upped their price target on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Truist Financial restated a “hold” rating and issued a $383.00 target price (up previously from $379.00) on shares of Zebra Technologies in a research note on Wednesday, October 30th. TD Cowen raised their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Barclays boosted their price target on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Trading Up 0.8 %

Shares of NASDAQ:ZBRA opened at $397.18 on Friday. The stock has a market capitalization of $20.49 billion, a PE ratio of 54.04 and a beta of 1.64. Zebra Technologies Co. has a 1 year low of $201.43 and a 1 year high of $403.78. The firm has a fifty day moving average price of $362.64 and a 200 day moving average price of $333.78. 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 released its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business’s revenue was up 31.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. Analysts expect that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares of the company’s stock, valued at $4,359,738.33. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares of the company’s stock, valued at $4,359,738.33. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.06% of the company’s stock.

Zebra Technologies 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.