Keene & Associates Inc. Purchases 49 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Keene & Associates Inc. increased its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,767 shares of the industrial products company’s stock after acquiring an additional 49 shares during the period. Keene & Associates Inc.’s holdings in Zebra Technologies were worth $855,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. raised its stake in shares of Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 63 shares during the last quarter. Transcendent Capital Group LLC bought a new position in Zebra Technologies in the 2nd quarter worth approximately $32,000. BOK Financial Private Wealth Inc. bought a new position in Zebra Technologies in the 1st quarter valued at $36,000. Massmutual Trust Co. FSB ADV boosted its position in Zebra Technologies by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after buying an additional 33 shares during the last quarter. Finally, Webster Bank N. A. increased its stake in shares of Zebra Technologies by 792.9% in the 2nd quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock valued at $39,000 after buying an additional 111 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now directly owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock opened at $337.48 on Monday. Zebra Technologies Co. has a 12 month low of $194.59 and a 12 month high of $372.93. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $17.35 billion, a PE ratio of 66.96 and a beta of 1.65. The stock’s fifty day simple moving average is $332.39 and its 200 day simple moving average is $312.03.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business posted $3.24 EPS. Zebra Technologies’s revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts predict that Zebra Technologies Co. will post 11.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ZBRA shares. Barclays raised their price target on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Needham & Company LLC lifted their price target on shares of Zebra Technologies from $370.00 to $394.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Robert W. Baird raised their price objective on shares of Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Truist Financial reissued a “hold” rating and issued a $345.00 price target (up previously from $315.00) on shares of Zebra Technologies in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $349.64.

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.