Hartline Investment Corp Has $5.92 Million Holdings in Zebra Technologies Corporation (NASDAQ:ZBRA)

Hartline Investment Corp increased its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 19.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,962 shares of the industrial products company's stock after acquiring an additional 3,410 shares during the quarter. Zebra Technologies makes up 0.8% of Hartline Investment Corp's portfolio, making the stock its 25th biggest position. Hartline Investment Corp's holdings in Zebra Technologies were worth $5,923,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Zebra Technologies by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 6,260,530 shares of the industrial products company's stock worth $2,417,942,000 after acquiring an additional 55,130 shares in the last quarter. Invesco Ltd. increased its holdings in Zebra Technologies by 1.5% in the fourth quarter. Invesco Ltd. now owns 1,422,986 shares of the industrial products company's stock valued at $549,586,000 after buying an additional 20,992 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Zebra Technologies by 7.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock valued at $500,701,000 after buying an additional 86,766 shares during the last quarter. Geode Capital Management LLC increased its holdings in Zebra Technologies by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 1,276,198 shares of the industrial products company's stock valued at $491,935,000 after buying an additional 30,496 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in Zebra Technologies by 62.8% in the fourth quarter. Schroder Investment Management Group now owns 983,715 shares of the industrial products company's stock valued at $379,930,000 after buying an additional 379,491 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ZBRA shares. Citigroup lowered their price objective on Zebra Technologies from $371.00 to $250.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Robert W. Baird upped their target price on Zebra Technologies from $290.00 to $320.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Wall Street Zen lowered Zebra Technologies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Barclays lowered their target price on Zebra Technologies from $326.00 to $263.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Finally, Needham & Company LLC lowered their target price on Zebra Technologies from $395.00 to $325.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Five equities research 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $331.20.

Zebra Technologies Price Performance

ZBRA stock traded down $4.24 during midday trading on Monday, reaching $319.48. 105,668 shares of the company's stock traded hands, compared to its average volume of 479,998. The company has a 50-day simple moving average of $288.87 and a two-hundred day simple moving average of $311.29. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 30.16 and a beta of 1.75. The company has a quick ratio of 1.02, a current ratio of 1.45 and a debt-to-equity ratio of 0.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $4.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.60 by $0.42. Zebra Technologies had a return on equity of 18.77% and a net margin of 10.73%. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the business earned $2.84 earnings per share. The company's revenue was up 11.3% compared to the same quarter last year. On average, analysts anticipate that Zebra Technologies Corporation 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.