Heartland Bank & Trust Co Has $368,000 Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Heartland Bank & Trust Co lessened its stake in Zebra Technologies Co. (NASDAQ:ZBRAGet Rating) by 35.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 889 shares of the industrial products company’s stock after selling 496 shares during the period. Heartland Bank & Trust Co’s holdings in Zebra Technologies were worth $368,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Andrew Hill Investment Advisors Inc. bought a new position in Zebra Technologies in the 4th quarter worth approximately $25,000. KRS Capital Management LLC bought a new stake in shares of Zebra Technologies during the 4th quarter valued at $29,000. McDonald Partners LLC bought a new stake in shares of Zebra Technologies during the 4th quarter valued at $32,000. Parkside Financial Bank & Trust raised its position in shares of Zebra Technologies by 58.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 68 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 25 shares during the last quarter. Finally, CVA Family Office LLC bought a new stake in shares of Zebra Technologies during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 85.30% of the company’s stock.

Shares of NASDAQ ZBRA opened at $297.82 on Thursday. The firm has a market cap of $15.64 billion, a PE ratio of 19.67 and a beta of 1.61. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 0.31. Zebra Technologies Co. has a 1-year low of $287.93 and a 1-year high of $615.00. The company has a fifty day moving average price of $343.39 and a 200 day moving average price of $435.29.

Zebra Technologies (NASDAQ:ZBRAGet Rating) last announced its earnings results on Tuesday, May 3rd. The industrial products company reported $3.76 earnings per share for the quarter, topping analysts’ consensus estimates of $3.48 by $0.28. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Zebra Technologies had a net margin of 14.25% and a return on equity of 31.20%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $4.47 EPS. Equities research analysts forecast that Zebra Technologies Co. will post 17.85 EPS for the current year.

Zebra Technologies declared that its board has approved a share buyback program on Tuesday, May 17th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to repurchase up to 5.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

ZBRA has been the subject of several recent research reports. StockNews.com cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, June 9th. Morgan Stanley upgraded shares of Zebra Technologies from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $400.00 to $335.00 in a research report on Monday, May 23rd. Needham & Company LLC dropped their target price on shares of Zebra Technologies from $535.00 to $500.00 in a research report on Wednesday, May 4th. JPMorgan Chase & Co. upgraded shares of Zebra Technologies from a “neutral” rating to an “overweight” rating and lowered their price objective for the company from $530.00 to $500.00 in a research report on Monday, April 4th. Finally, Robert W. Baird lowered their price objective on shares of Zebra Technologies from $550.00 to $440.00 in a research report on Wednesday, May 4th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $502.50.

Zebra Technologies Company Profile (Get Rating)

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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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