Quantinno Capital Management LP Increases Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Quantinno Capital Management LP raised its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 39.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,324 shares of the industrial products company’s stock after purchasing an additional 662 shares during the quarter. Quantinno Capital Management LP’s holdings in Zebra Technologies were worth $861,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Zebra Technologies by 1.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company’s stock valued at $447,828,000 after buying an additional 24,058 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Zebra Technologies by 4.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company’s stock valued at $158,001,000 after acquiring an additional 18,922 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Zebra Technologies by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock worth $120,650,000 after acquiring an additional 21,534 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Zebra Technologies by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 346,939 shares of the industrial products company’s stock worth $107,180,000 after acquiring an additional 7,117 shares during the period. Finally, Fort Pitt Capital Group LLC grew its position in shares of Zebra Technologies by 0.5% in the second quarter. Fort Pitt Capital Group LLC now owns 306,309 shares of the industrial products company’s stock valued at $94,628,000 after purchasing an additional 1,426 shares in the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Down 1.0 %

ZBRA opened at $403.59 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The business’s fifty day simple moving average is $387.89 and its 200 day simple moving average is $349.41. Zebra Technologies Co. has a 52 week low of $233.95 and a 52 week high of $413.43. The stock has a market cap of $20.82 billion, a PE ratio of 54.91 and a beta of 1.63.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same period last year, the firm posted $0.57 EPS. As a group, research analysts expect that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the firm’s 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 transaction, the chief financial officer now directly owns 11,421 shares of the company’s stock, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of recent research reports. Needham & Company LLC increased their price objective on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. UBS Group raised their price objective on shares of Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird upped their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Cowen raised their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Barclays upped their price target on shares of Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $393.82.

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.