8,366 Zebra Technologies Corporation $ZBRA Shares Acquired by Willis Investment Counsel

Key Points

• Willis Investment Counsel increased its Zebra Technologies stake by 48.7% in the third quarter, acquiring 8,366 shares and bringing its holdings to 25,541 shares valued at approximately $9.5 million. Institutional investors collectively own 91.03% of the company.
• Zebra shares traded at $381.99, near their 52-week high of $390.80, with a market capitalization of $18.19 billion. The company reported quarterly EPS of $6.35, exceeding estimates by $1.99, while revenue rose 20.4% year over year to $1.56 billion.
• Analysts maintain a “Moderate Buy” consensus rating, with nine Buy ratings and four Holds and an average price target of $385.83. Recent targets ranged from $378 to $435, while two insiders sold shares in August.

Willis Investment Counsel lifted its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 48.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,541 shares of the industrial products company's stock after acquiring an additional 8,366 shares during the period. Willis Investment Counsel owned 0.05% of Zebra Technologies worth $9,535,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Zebra Technologies by 37.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 686,335 shares of the industrial products company's stock valued at $143,473,000 after purchasing an additional 185,387 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Zebra Technologies by 3.4% in the 1st quarter. Lazard Asset Management LLC now owns 623,965 shares of the industrial products company's stock valued at $130,459,000 after purchasing an additional 20,567 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Zebra Technologies by 111.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 500,628 shares of the industrial products company's stock worth $104,671,000 after acquiring an additional 264,015 shares in the last quarter. Swedbank AB grew its holdings in Zebra Technologies by 958.0% in the first quarter. Swedbank AB now owns 417,898 shares of the industrial products company's stock valued at $87,374,000 after purchasing an additional 378,400 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Zebra Technologies by 22.9% during the 1st quarter. Bank of America Corp DE now owns 291,031 shares of the industrial products company's stock valued at $60,849,000 after buying an additional 54,222 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded up $6.22 during mid-day trading on Tuesday, hitting $381.99. 118,915 shares of the company's stock traded hands, compared to its average volume of 788,446. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.33 and a current ratio of 0.52. The company has a market cap of $18.19 billion, a PE ratio of 34.93 and a beta of 1.58. Zebra Technologies Corporation has a 1 year low of $199.05 and a 1 year high of $390.80. The firm's 50 day simple moving average is $365.49 and its 200 day simple moving average is $291.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $6.35 earnings per share for the quarter, beating the consensus estimate of $4.36 by $1.99. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.50 billion. Zebra Technologies had a return on equity of 22.29% and a net margin of 9.22%. The company's revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.61 EPS. Zebra Technologies has set its Q3 2026 guidance at 4.700-4.900 EPS and its FY 2026 guidance at 20.750-21.250 EPS. Sell-side analysts expect that Zebra Technologies Corporation will post 18.07 EPS for the current year.

Wall Street Analyst Weigh In

ZBRA has been the topic of several research analyst reports. Wall Street Zen upgraded Zebra Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday. Needham & Company LLC boosted their price objective on shares of Zebra Technologies from $410.00 to $435.00 and gave the company a "buy" rating in a report on Tuesday, September 15th. Zacks Research cut Zebra Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. Truist Financial increased their price target on Zebra Technologies from $355.00 to $378.00 and gave the company a "hold" rating in a research report on Monday, October 5th. Finally, Barclays boosted their price objective on shares of Zebra Technologies from $410.00 to $416.00 and gave the stock an "overweight" rating in a research report on Monday, October 12th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $385.83.

Insider Activity

In other news, Director Linda Connly sold 500 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $377.68, for a total transaction of $188,840.00. Following the sale, the director directly owned 3,708 shares in the company, valued at approximately $1,400,437.44. This represents a 11.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Cho sold 3,500 shares of the business's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $375.20, for a total transaction of $1,313,200.00. Following the transaction, the insider directly owned 5,170 shares of the company's stock, valued at approximately $1,939,784. This trade represents a 40.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.91% of the stock is owned by corporate insiders.

Zebra Technologies Company Profile

Zebra Technologies Corp. NASDAQ: ZBRA develops technologies that help businesses identify, track and manage assets, inventory and operational processes. Its solutions are used by organizations in retail, manufacturing, transportation and logistics, healthcare, government and other industries to improve visibility and productivity across their operations.

The company's portfolio includes barcode and label printers, barcode scanners, mobile computers, radio-frequency identification (RFID) readers and tags, machine-vision systems, fixed industrial scanners and related software.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.