Zebra Technologies Co. (NASDAQ:ZBRA) Shares Acquired by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. lifted its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 100.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,026 shares of the industrial products company's stock after buying an additional 1,513 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in Zebra Technologies were worth $1,121,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Zebra Technologies in the 2nd quarter worth approximately $27,000. Farmers & Merchants Investments Inc. boosted its stake in Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company's stock worth $30,000 after purchasing an additional 63 shares in the last quarter. Concord Wealth Partners acquired a new stake in Zebra Technologies in the 3rd quarter worth approximately $30,000. Transcendent Capital Group LLC acquired a new stake in Zebra Technologies in the 2nd quarter worth approximately $32,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company's stock worth $36,000 after purchasing an additional 33 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 research firms recently commented on ZBRA. Stephens lifted their target price 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. Needham & Company LLC lifted their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Vertical Research assumed coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They set a "buy" rating and a $375.00 price objective for the company. StockNews.com upgraded shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, Redburn Atlantic upgraded shares of Zebra Technologies to a "strong-buy" rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $385.18.

Zebra Technologies Stock Performance

Shares of ZBRA traded up $3.85 during trading hours on Monday, hitting $403.16. The stock had a trading volume of 334,654 shares, compared to its average volume of 362,786. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The firm has a 50-day moving average price of $363.72 and a 200 day moving average price of $335.48. Zebra Technologies Co. has a fifty-two week low of $202.01 and a fifty-two week high of $404.69. The firm has a market capitalization of $20.79 billion, a price-to-earnings ratio of 54.80 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted 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 firm had revenue of $1.26 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. As a group, research analysts anticipate that Zebra Technologies Co. will post 12.4 EPS for the current year.

Insider Buying and Selling

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the sale, the insider now owns 9,694 shares of the company's stock, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the company's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now owns 9,694 shares of the company's stock, valued at $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the chief financial officer now owns 11,421 shares of the company's stock, valued at $4,359,738.33. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.06% of the stock is owned by insiders.

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.