Great Lakes Advisors LLC Has $7.06 Million Position in Zebra Technologies Corporation $ZBRA

Great Lakes Advisors LLC cut its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA) by 11.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,765 shares of the industrial products company’s stock after selling 3,080 shares during the period. Great Lakes Advisors LLC’s holdings in Zebra Technologies were worth $7,062,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ZBRA. Trust Co. of Toledo NA OH bought a new position in Zebra Technologies in the 2nd quarter worth approximately $25,000. Blue Trust Inc. grew its stake in shares of Zebra Technologies by 81.7% in the second quarter. Blue Trust Inc. now owns 109 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 49 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Zebra Technologies during the second quarter worth $39,000. Ameritas Advisory Services LLC bought a new position in Zebra Technologies during the second quarter worth $42,000. Finally, Eastern Bank raised its stake in Zebra Technologies by 132.0% during the 3rd quarter. Eastern Bank now owns 174 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 99 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Up 0.7%

Shares of ZBRA opened at $237.96 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.61 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average price of $252.22 and a two-hundred day moving average price of $284.92. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of 23.99 and a beta of 1.68. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $402.07.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, October 28th. The industrial products company reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.75 by $0.13. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Zebra Technologies had a return on equity of 18.08% and a net margin of 9.74%.Zebra Technologies’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.49 EPS. Equities analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on ZBRA. Barclays raised their price target on shares of Zebra Technologies from $360.00 to $368.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Truist Financial decreased their target price on Zebra Technologies from $331.00 to $291.00 and set a “hold” rating on the stock in a research report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Zebra Technologies in a report on Wednesday, January 21st. KeyCorp reissued a “sector weight” rating on shares of Zebra Technologies in a report on Thursday, October 30th. Finally, Citigroup lowered their price objective on Zebra Technologies from $346.00 to $311.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $350.00.

Insider Activity at Zebra Technologies

In other news, Director Satish Dhanasekaran bought 1,000 shares of the stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average price of $233.12 per share, with a total value of $233,120.00. Following the acquisition, the director owned 3,356 shares in the company, valued at $782,350.72. This trade represents a 42.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.84% of the company’s stock.

Zebra Technologies Company Profile

Zebra Technologies Corporation is a global technology company specializing in marking, tracking and computer printing solutions. The company produces a wide range of hardware and software products designed to enable real-time visibility of assets, inventory and personnel across diverse industries. Its offerings help businesses automate data capture and streamline operations in environments such as retail, healthcare, manufacturing, transportation and logistics.

The company’s product portfolio includes barcode and RFID printers, mobile computing devices, barcode scanners, RFID readers and related supplies such as labels and tags.