Segall Bryant & Hamill LLC Acquires 6,193 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Segall Bryant & Hamill LLC grew its stake in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 18.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,727 shares of the industrial products company's stock after acquiring an additional 6,193 shares during the quarter. Segall Bryant & Hamill LLC owned 0.08% of Zebra Technologies worth $14,712,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ZBRA. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Zebra Technologies in the third quarter worth $504,000. Pathstone Holdings LLC raised its stake in Zebra Technologies by 11.6% during the 3rd quarter. Pathstone Holdings LLC now owns 4,379 shares of the industrial products company's stock worth $1,622,000 after buying an additional 456 shares during the period. Quest Partners LLC raised its stake in Zebra Technologies by 187,500.0% during the 3rd quarter. Quest Partners LLC now owns 1,876 shares of the industrial products company's stock worth $695,000 after buying an additional 1,875 shares during the period. Swiss National Bank lifted its holdings in Zebra Technologies by 0.3% during the third quarter. Swiss National Bank now owns 152,600 shares of the industrial products company's stock worth $56,511,000 after acquiring an additional 400 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Zebra Technologies by 21.1% in the third quarter. Thrivent Financial for Lutherans now owns 15,136 shares of the industrial products company's stock valued at $5,606,000 after acquiring an additional 2,638 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the business's stock in a transaction dated Thursday, October 31st. The stock was 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 of the company's stock, valued at $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.06% of the company's stock.

Zebra Technologies Trading Up 0.6 %

Zebra Technologies stock opened at $384.53 on Thursday. 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 stock has a 50-day simple moving average of $373.38 and a 200 day simple moving average of $340.14. The stock has a market capitalization of $19.83 billion, a P/E ratio of 52.32 and a beta of 1.64. Zebra Technologies Co. has a 52 week low of $217.38 and a 52 week high of $405.62.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released 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. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm's quarterly revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS. Analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ZBRA. Morgan Stanley lifted their price objective on Zebra Technologies from $290.00 to $305.00 and gave the company an "underweight" rating in a report on Wednesday, October 30th. Redburn Atlantic raised shares of Zebra Technologies to a "strong-buy" rating in a research note on Wednesday, July 31st. Needham & Company LLC increased their price objective on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Barclays boosted their price objective on shares of Zebra Technologies from $347.00 to $407.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. Finally, UBS Group increased their target price on Zebra Technologies from $390.00 to $445.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $385.18.

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.