Sanctuary Advisors LLC Acquires New Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Sanctuary Advisors LLC acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,545 shares of the industrial products company's stock, valued at approximately $3,134,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ZBRA. Vanguard Group Inc. boosted its holdings in Zebra Technologies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,082,360 shares of the industrial products company's stock worth $1,662,491,000 after purchasing an additional 22,327 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Zebra Technologies by 1.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company's stock worth $447,828,000 after buying an additional 24,058 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Zebra Technologies by 44.8% in the 1st 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 last quarter. Boston Partners grew its holdings in shares of 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 acquiring an additional 98,045 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Zebra Technologies by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company's stock valued at $120,650,000 after acquiring an additional 21,534 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ZBRA shares. Stephens upped their price objective on Zebra Technologies from $380.00 to $410.00 and gave the company an "overweight" rating in a research note on Friday, August 2nd. Truist Financial restated a "hold" rating and set a $345.00 price target (up previously from $315.00) on shares of Zebra Technologies in a research report on Wednesday, July 31st. Needham & Company LLC lifted their price objective on shares of Zebra Technologies from $370.00 to $394.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Robert W. Baird boosted their target price on shares of Zebra Technologies from $355.00 to $375.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Finally, TD Cowen raised their price target on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Zebra Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $349.64.

Zebra Technologies Stock Performance

ZBRA stock traded down $1.48 during midday trading on Monday, reaching $365.24. 268,469 shares of the company's stock traded hands, compared to its average volume of 355,971. The firm has a market capitalization of $18.78 billion, a PE ratio of 72.47 and a beta of 1.66. The company has a 50-day moving average price of $344.49 and a two-hundred day moving average price of $320.75. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $375.88. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28.

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

Insider Transactions at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 9,694 shares of the company's stock, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.