National Bank of Canada FI Purchases 6,725 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

National Bank of Canada FI increased its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 47.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,950 shares of the industrial products company's stock after acquiring an additional 6,725 shares during the period. National Bank of Canada FI's holdings in Zebra Technologies were worth $7,758,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. WCM Investment Management LLC grew its stake 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 worth $3,502,000 after purchasing an additional 27 shares during the last quarter. KPP Advisory Services LLC increased its stake 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 buying an additional 28 shares during the period. Cascade Investment Advisors Inc. raised its position in shares of Zebra Technologies by 0.7% during the third quarter. Cascade Investment Advisors Inc. now owns 4,387 shares of the industrial products company's stock worth $1,625,000 after acquiring an additional 30 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Zebra Technologies by 1.4% in the third quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company's stock valued at $821,000 after acquiring an additional 31 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in Zebra Technologies by 1.9% during the 3rd quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company's stock valued at $611,000 after purchasing an additional 31 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group upped their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. TD Cowen boosted their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. StockNews.com upgraded Zebra Technologies from a "hold" rating to a "buy" rating in a report on Thursday, October 31st. Truist Financial restated a "hold" rating and set a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. Finally, Robert W. Baird lifted their price objective on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $393.82.

Zebra Technologies Stock Performance

ZBRA traded up $3.47 during trading on Thursday, hitting $407.64. 259,524 shares of the company traded hands, compared to its average volume of 358,569. The firm has a market cap of $21.03 billion, a P/E ratio of 54.99 and a beta of 1.63. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. Zebra Technologies Co. has a one year low of $233.95 and a one year high of $413.43. The stock's fifty day moving average is $387.01 and its 200 day moving average is $349.00.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.57. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $0.57 EPS. Zebra Technologies's quarterly revenue was up 31.3% compared to the same quarter last year. As a group, equities analysts predict that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction dated Thursday, October 31st. The stock was 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 in the company, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.06% of the company's stock.

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.