Brown Brothers Harriman & Co. Has $43.04 Million Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Brown Brothers Harriman & Co. raised its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 40.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 116,221 shares of the industrial products company's stock after purchasing an additional 33,753 shares during the quarter. Brown Brothers Harriman & Co. owned about 0.23% of Zebra Technologies worth $43,039,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ZBRA. WCM Investment Management LLC raised its position in 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 acquiring an additional 27 shares in the last quarter. KPP Advisory Services LLC lifted its position in shares of Zebra Technologies by 2.3% during the 3rd quarter. KPP Advisory Services LLC now owns 1,246 shares of the industrial products company's stock valued at $461,000 after acquiring an additional 28 shares during the last quarter. Cascade Investment Advisors Inc. boosted its stake in shares of Zebra Technologies by 0.7% during the 3rd 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 in the last quarter. Private Advisor Group LLC grew its holdings in shares of Zebra Technologies by 1.4% in the 3rd quarter. Private Advisor Group LLC now owns 2,218 shares of the industrial products company's stock worth $821,000 after acquiring an additional 31 shares during the last quarter. Finally, Metis Global Partners LLC raised its position in shares of Zebra Technologies by 1.9% during the third quarter. Metis Global Partners LLC now owns 1,649 shares of the industrial products company's stock worth $611,000 after purchasing an additional 31 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Stock Performance

Zebra Technologies stock traded up $3.75 during trading hours on Monday, hitting $400.94. The stock had a trading volume of 420,241 shares, compared to its average volume of 362,735. The company has a market cap of $20.68 billion, a PE ratio of 54.38 and a beta of 1.64. 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 fifty-two week low of $227.65 and a fifty-two week high of $405.62. The company has a 50-day moving average of $375.69 and a two-hundred day moving average of $341.39.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly 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. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. The business's revenue for the quarter was up 31.3% on a year-over-year basis. On average, equities research analysts anticipate that Zebra Technologies Co. will post 12.4 EPS for the current fiscal year.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the transaction, the chief financial officer now owns 11,421 shares in the company, valued at approximately $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.06% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ZBRA. Barclays lifted their price target on Zebra Technologies from $347.00 to $407.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 31st. Truist Financial reaffirmed a "hold" rating and set a $383.00 price objective (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday, October 30th. Stephens upped their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Morgan Stanley raised their price target on shares of Zebra Technologies from $290.00 to $305.00 and gave the company an "underweight" rating in a report on Wednesday, October 30th. Finally, Redburn Atlantic raised 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 issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $385.18.

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.