Zebra Technologies Co. (NASDAQ:ZBRA) Shares Purchased by Fenimore Asset Management Inc

Fenimore Asset Management Inc raised its position in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 0.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 322,978 shares of the industrial products company's stock after acquiring an additional 1,694 shares during the quarter. Zebra Technologies makes up about 1.9% of Fenimore Asset Management Inc's holdings, making the stock its 20th biggest holding. Fenimore Asset Management Inc owned about 0.63% of Zebra Technologies worth $91,261,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Equitable Trust Co. lifted its position in shares of Zebra Technologies by 1.7% during the 4th quarter. Equitable Trust Co. now owns 1,600 shares of the industrial products company's stock worth $618,000 after purchasing an additional 27 shares during the last quarter. New York Life Investment Management LLC raised its stake in Zebra Technologies by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 7,705 shares of the industrial products company's stock valued at $2,976,000 after buying an additional 30 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Zebra Technologies by 2.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,341 shares of the industrial products company's stock worth $518,000 after acquiring an additional 32 shares in the last quarter. Benjamin Edwards Inc. raised its position in shares of Zebra Technologies by 5.7% during the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock worth $251,000 after acquiring an additional 35 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Zebra Technologies by 102.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock worth $27,000 after acquiring an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, May 1st. Citigroup lowered their target price on shares of Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Truist Financial dropped their target price on shares of Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. UBS Group reduced their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Robert W. Baird upped their price objective on shares of Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Zebra Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $328.82.

Zebra Technologies Stock Performance

Shares of ZBRA traded down $6.74 during mid-day trading on Wednesday, hitting $292.82. 384,146 shares of the company's stock were exchanged, compared to its average volume of 469,719. The company has a current ratio of 1.43, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Zebra Technologies Co. has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The business's 50 day moving average is $263.97 and its two-hundred day moving average is $324.37. The firm has a market capitalization of $14.89 billion, a P/E ratio of 28.76 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $2.84 EPS. On average, equities analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current year.

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.