LVM Capital Management Ltd. MI Makes New Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

LVM Capital Management Ltd. MI bought a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,665 shares of the industrial products company's stock, valued at approximately $643,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fortitude Family Office LLC boosted its position in shares of Zebra Technologies by 159.5% during the fourth quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock worth $37,000 after buying an additional 59 shares during the period. Fulton Bank N.A. boosted its position in Zebra Technologies by 3.8% during the 4th quarter. Fulton Bank N.A. now owns 2,953 shares of the industrial products company's stock worth $1,141,000 after acquiring an additional 108 shares during the period. Norway Savings Bank grew its stake in shares of Zebra Technologies by 6.2% in the fourth quarter. Norway Savings Bank now owns 2,723 shares of the industrial products company's stock worth $1,052,000 after purchasing an additional 158 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Zebra Technologies during the fourth quarter valued at $359,000. Finally, GAMMA Investing LLC raised its stake in shares of Zebra Technologies by 34.1% during the fourth quarter. GAMMA Investing LLC now owns 1,222 shares of the industrial products company's stock valued at $472,000 after purchasing an additional 311 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Trading Down 2.9 %

Shares of ZBRA stock traded down $11.46 during trading hours on Friday, reaching $385.54. 460,039 shares of the stock traded hands, compared to its average volume of 372,023. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $19.89 billion, a PE ratio of 52.45 and a beta of 1.64. Zebra Technologies Co. has a 1-year low of $233.95 and a 1-year high of $413.43. The business has a fifty day moving average price of $396.04 and a 200 day moving average price of $361.89.

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

Insider Activity

In other 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 transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of several research analyst reports. Truist Financial raised their target price on shares of Zebra Technologies from $383.00 to $408.00 and gave the company a "hold" rating in a research note on Thursday, December 19th. TD Cowen increased their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Robert W. Baird boosted their price objective on Zebra Technologies from $380.00 to $415.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Barclays lifted their target price on Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a report on Thursday, October 31st. Finally, UBS Group upped their price target on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $398.55.

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.