Bank of Montreal Can Boosts Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Bank of Montreal Can raised its position in Zebra Technologies Co. (NASDAQ:ZBRA) by 48.9% during the third quarter, HoldingsChannel.com reports. The firm owned 76,050 shares of the industrial products company’s stock after buying an additional 24,969 shares during the quarter. Bank of Montreal Can’s holdings in Zebra Technologies were worth $28,032,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Concord Wealth Partners acquired a new position in Zebra Technologies during the third quarter valued at approximately $30,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Zebra Technologies in the second quarter worth $27,000. Farmers & Merchants Investments Inc. lifted its holdings in shares of Zebra Technologies by 185.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 63 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in shares of Zebra Technologies during the 2nd quarter valued at $32,000. Finally, Blue Trust Inc. increased its holdings in Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 67 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Zebra Technologies news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $381.73, for a total value of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at $4,359,738.33. The trade was a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.06% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on ZBRA shares. Morgan Stanley boosted their price objective on Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 30th. Needham & Company LLC boosted their price target on Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. TD Cowen increased their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Stephens lifted their price objective on shares of Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Robert W. Baird upped their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $385.18.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $407.00 on Friday. The firm has a market cap of $20.99 billion, a PE ratio of 55.37 and a beta of 1.64. Zebra Technologies Co. has a 1 year low of $232.29 and a 1 year high of $409.03. The firm’s 50-day simple moving average is $380.51 and its 200-day simple moving average is $344.10. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the business posted $0.57 EPS. Zebra Technologies’s quarterly revenue was up 31.3% compared to the same quarter last year. Equities analysts forecast that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal 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.