Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Bank of Montreal Can

Bank of Montreal Can lifted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 48.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,050 shares of the industrial products company’s stock after buying an additional 24,969 shares during the period. Bank of Montreal Can owned about 0.15% of Zebra Technologies worth $28,032,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. AXA S.A. raised its position in Zebra Technologies by 62.3% in the second quarter. AXA S.A. now owns 277,864 shares of the industrial products company’s stock worth $85,841,000 after acquiring an additional 106,630 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Zebra Technologies by 94.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,908 shares of the industrial products company’s stock valued at $52,922,000 after purchasing an additional 69,549 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Zebra Technologies by 556.0% in the third quarter. SG Americas Securities LLC now owns 70,004 shares of the industrial products company’s stock valued at $25,924,000 after purchasing an additional 59,332 shares during the period. Sessa Capital IM L.P. purchased a new stake in Zebra Technologies during the second quarter worth about $17,115,000. Finally, Robeco Institutional Asset Management B.V. grew its position in Zebra Technologies by 44.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 167,125 shares of the industrial products company’s stock worth $61,890,000 after buying an additional 51,488 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $407.00 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.96. The firm has a market cap of $20.99 billion, a PE ratio of 55.37 and a beta of 1.64. The firm has a 50 day simple moving average of $380.51 and a 200-day simple moving average of $344.10. Zebra Technologies Co. has a 1-year low of $232.29 and a 1-year high of $409.03.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly 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. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. On average, equities analysts expect that Zebra Technologies Co. will post 12.4 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. UBS Group upped their target price on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley raised their price target on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday, October 30th. TD Cowen boosted their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird increased their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Insider Buying and Selling

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $381.73, for a total transaction of $701,238.01. Following the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Company 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.