Hartline Investment Corp Increases Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

Hartline Investment Corp grew its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 19.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,962 shares of the industrial products company's stock after purchasing an additional 3,410 shares during the period. Zebra Technologies makes up 0.8% of Hartline Investment Corp's investment portfolio, making the stock its 25th biggest holding. Hartline Investment Corp's holdings in Zebra Technologies were worth $5,923,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Palisade Capital Management LP raised its holdings in shares of Zebra Technologies by 1.9% in the 1st quarter. Palisade Capital Management LP now owns 23,221 shares of the industrial products company's stock worth $6,561,000 after acquiring an additional 429 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Zebra Technologies by 69.0% during the first quarter. Teacher Retirement System of Texas now owns 124,363 shares of the industrial products company's stock valued at $35,140,000 after purchasing an additional 50,771 shares during the period. WCM Investment Management LLC grew its holdings in Zebra Technologies by 3.9% during the first quarter. WCM Investment Management LLC now owns 9,409 shares of the industrial products company's stock valued at $2,642,000 after purchasing an additional 353 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of Zebra Technologies by 27.9% in the first quarter. DAVENPORT & Co LLC now owns 9,051 shares of the industrial products company's stock worth $2,543,000 after acquiring an additional 1,973 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Zebra Technologies by 12.8% in the first quarter. Vontobel Holding Ltd. now owns 133,733 shares of the industrial products company's stock worth $37,788,000 after acquiring an additional 15,216 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wall Street Zen downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Citigroup decreased their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Robert W. Baird lifted their price objective on Zebra Technologies from $290.00 to $320.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Truist Financial cut their target price on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. Finally, Morgan Stanley upped their price objective on shares of Zebra Technologies from $245.00 to $280.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $331.20.

Zebra Technologies Stock Down 2.0%

Shares of ZBRA traded down $6.61 during mid-day trading on Monday, reaching $317.11. The company had a trading volume of 420,361 shares, compared to its average volume of 481,208. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.45. The firm has a 50-day moving average price of $288.87 and a 200 day moving average price of $311.29. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76. The company has a market capitalization of $16.13 billion, a price-to-earnings ratio of 30.00 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.60 by $0.42. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.84 EPS. On average, sell-side analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies Company 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.