Empowered Funds LLC Cuts Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Empowered Funds LLC lessened its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,362 shares of the industrial products company’s stock after selling 75 shares during the period. Empowered Funds LLC’s holdings in Zebra Technologies were worth $504,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ZBRA. Empirical Finance LLC grew its position in Zebra Technologies by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 1,705 shares of the industrial products company’s stock worth $631,000 after purchasing an additional 35 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of Zebra Technologies by 4.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,612 shares of the industrial products company’s stock valued at $597,000 after acquiring an additional 76 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Zebra Technologies by 1.9% in the 3rd quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company’s stock worth $611,000 after acquiring an additional 31 shares during the last quarter. Huntington National Bank boosted its position in Zebra Technologies by 28.4% in the 3rd quarter. Huntington National Bank now owns 633 shares of the industrial products company’s stock valued at $234,000 after buying an additional 140 shares during the period. Finally, Hartline Investment Corp grew its holdings in Zebra Technologies by 10.8% during the 3rd quarter. Hartline Investment Corp now owns 16,842 shares of the industrial products company’s stock worth $6,237,000 after acquiring an additional 1,645 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ZBRA. TD Cowen boosted their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley increased their price target on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday, October 30th. Robert W. Baird raised their price target on Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Truist Financial restated a “hold” rating and set a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Finally, StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Stock Performance

NASDAQ ZBRA opened at $397.19 on Monday. Zebra Technologies Co. has a 1-year low of $225.83 and a 1-year high of $405.62. The firm has a market cap of $20.49 billion, a price-to-earnings ratio of 54.04 and a beta of 1.64. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average of $375.69 and a 200-day moving average of $341.24.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company posted $0.57 EPS. The business’s quarterly revenue was up 31.3% on a year-over-year basis. On average, equities analysts forecast that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

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.