Hartline Investment Corp Buys 710 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Hartline Investment Corp lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,552 shares of the industrial products company's stock after buying an additional 710 shares during the quarter. Zebra Technologies comprises about 0.8% of Hartline Investment Corp's holdings, making the stock its 28th largest position. Hartline Investment Corp's holdings in Zebra Technologies were worth $6,779,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Cascade Investment Advisors Inc. lifted its stake in shares of Zebra Technologies by 0.6% in the fourth quarter. Cascade Investment Advisors Inc. now owns 4,412 shares of the industrial products company's stock valued at $1,704,000 after buying an additional 25 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of Zebra Technologies by 0.3% in the third quarter. WCM Investment Management LLC now owns 9,501 shares of the industrial products company's stock valued at $3,502,000 after purchasing an additional 27 shares during the last quarter. Equitable Trust Co. raised its holdings in shares of Zebra Technologies by 1.7% in the fourth quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock valued at $618,000 after purchasing an additional 27 shares during the last quarter. KPP Advisory Services LLC raised its holdings in shares of Zebra Technologies by 2.3% in the third quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company's stock valued at $461,000 after purchasing an additional 28 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Zebra Technologies by 24.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company's stock valued at $58,000 after purchasing an additional 30 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Performance

Shares of ZBRA traded down $5.06 during trading hours on Friday, hitting $318.36. The company's stock had a trading volume of 868,857 shares, compared to its average volume of 563,167. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 43.31 and a beta of 1.63. 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 business has a 50 day simple moving average of $392.30 and a two-hundred day simple moving average of $373.63. Zebra Technologies Co. has a 52-week low of $266.75 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The industrial products company reported $3.62 EPS for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. On average, equities analysts expect that Zebra Technologies Co. will post 11.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Truist Financial lowered their target price on shares of Zebra Technologies from $409.00 to $379.00 and set a "hold" rating for the company in a report on Friday. Robert W. Baird increased their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Morgan Stanley lowered their target price on shares of Zebra Technologies from $427.00 to $390.00 and set an "equal weight" rating for the company in a report on Friday. Needham & Company LLC lowered their target price on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating for the company in a report on Friday. Finally, TD Cowen raised their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $386.00.

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.