Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Truist Financial Corp

Truist Financial Corp lifted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 3.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 46,346 shares of the industrial products company's stock after purchasing an additional 1,694 shares during the quarter. Truist Financial Corp owned about 0.09% of Zebra Technologies worth $14,318,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ZBRA. Price T Rowe Associates Inc. MD grew its stake in Zebra Technologies by 44.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company's stock worth $414,117,000 after buying an additional 425,207 shares during the period. AXA S.A. increased its holdings in Zebra Technologies by 62.3% in the 2nd quarter. AXA S.A. now owns 277,864 shares of the industrial products company's stock valued at $85,841,000 after purchasing an additional 106,630 shares in the last quarter. Boston Partners raised its position in Zebra Technologies by 9.7% in the first quarter. Boston Partners now owns 1,108,819 shares of the industrial products company's stock valued at $334,230,000 after purchasing an additional 98,045 shares during the period. Fort Pitt Capital Group LLC lifted its stake in shares of Zebra Technologies by 25.7% during the first quarter. Fort Pitt Capital Group LLC now owns 304,883 shares of the industrial products company's stock worth $91,904,000 after purchasing an additional 62,337 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in shares of Zebra Technologies in the first quarter worth about $18,353,000. Hedge funds and other institutional investors own 91.03% of the company's stock.

Insider Transactions at Zebra Technologies

In other 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 transaction of $341,690.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.06% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. BNP Paribas upgraded Zebra Technologies from an "underperform" rating to a "neutral" rating and raised their target price for the company from $258.00 to $305.00 in a report on Thursday, June 13th. Barclays upped their target price on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 31st. Needham & Company LLC lifted their price target on shares of Zebra Technologies from $370.00 to $394.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Vertical Research started coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They issued a "buy" rating and a $375.00 price objective for the company. Finally, Truist Financial reaffirmed a "hold" rating and set a $345.00 target price (up from $315.00) on shares of Zebra Technologies in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $349.64.

Zebra Technologies Stock Performance

Zebra Technologies stock traded up $2.83 during mid-day trading on Friday, reaching $366.72. The company's stock had a trading volume of 217,094 shares, compared to its average volume of 356,426. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Zebra Technologies Co. has a twelve month low of $194.59 and a twelve month high of $375.88. The business has a 50 day moving average price of $343.89 and a 200-day moving average price of $320.01. The firm has a market cap of $18.86 billion, a price-to-earnings ratio of 72.76 and a beta of 1.66.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating the consensus estimate of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business posted $3.24 EPS. The company's quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts predict that Zebra Technologies Co. will post 11.12 EPS for the current fiscal year.

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.