Capital Investment Services of America Inc. raised its position in Zebra Technologies Co. (NASDAQ:ZBRA – Free Report) by 23.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,753 shares of the industrial products company’s stock after purchasing an additional 10,132 shares during the period. Zebra Technologies makes up about 1.7% of Capital Investment Services of America Inc.’s investment portfolio, making the stock its 28th biggest holding. Capital Investment Services of America Inc. owned about 0.10% of Zebra Technologies worth $15,606,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of ZBRA. Zions Bancorporation N.A. increased its stake in Zebra Technologies by 1,100.0% in the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 55 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Zebra Technologies in the first quarter valued at approximately $27,000. Silicon Valley Capital Partners bought a new stake in Zebra Technologies in the first quarter valued at approximately $29,000. Clear Street Markets LLC boosted its holdings in shares of Zebra Technologies by 92.5% in the first quarter. Clear Street Markets LLC now owns 102 shares of the industrial products company’s stock valued at $32,000 after buying an additional 49 shares during the period. Finally, CI Investments Inc. raised its holdings in shares of Zebra Technologies by 110.3% during the fourth quarter. CI Investments Inc. now owns 143 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 75 shares during the period. Institutional investors own 85.44% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently commented on the stock. Wolfe Research upgraded shares of Zebra Technologies from an “underperform” rating to a “peer perform” rating in a report on Wednesday, August 2nd. Robert W. Baird dropped their price objective on shares of Zebra Technologies from $322.00 to $283.00 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. Needham & Company LLC restated a “buy” rating and set a $285.00 price objective on shares of Zebra Technologies in a report on Wednesday, August 2nd. StockNews.com assumed coverage on shares of Zebra Technologies in a report on Thursday, August 17th. They set a “hold” rating on the stock. Finally, Credit Suisse Group dropped their price objective on shares of Zebra Technologies from $295.00 to $275.00 and set an “outperform” rating on the stock in a report on Wednesday, August 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $319.71.
Zebra Technologies Stock Performance
Shares of ZBRA traded down $3.41 during midday trading on Friday, reaching $251.38. The stock had a trading volume of 535,179 shares, compared to its average volume of 357,758. The firm has a 50 day simple moving average of $277.14 and a 200-day simple moving average of $282.43. Zebra Technologies Co. has a one year low of $224.87 and a one year high of $351.74. The firm has a market cap of $12.91 billion, a PE ratio of 20.09 and a beta of 1.67. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 0.68.
Zebra Technologies (NASDAQ:ZBRA – Get Free Report) last announced its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $0.33. Zebra Technologies had a net margin of 11.82% and a return on equity of 27.44%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm posted $4.22 EPS. The company’s quarterly revenue was down 17.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Zebra Technologies Co. will post 10.14 EPS for the current year.
In related news, CEO Bill Burns bought 1,000 shares of Zebra Technologies stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average price of $249.40 per share, with a total value of $249,400.00. Following the acquisition, the chief executive officer now owns 20,787 shares of the company’s stock, valued at approximately $5,184,277.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 3,000 shares of company stock valued at $742,880 in the last quarter. Company 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, 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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