Brown Brothers Harriman & Co. Boosts Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Brown Brothers Harriman & Co. grew its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 23.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,468 shares of the industrial products company’s stock after purchasing an additional 15,760 shares during the period. Brown Brothers Harriman & Co.’s holdings in Zebra Technologies were worth $25,477,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ZBRA. Envestnet Asset Management Inc. grew its position in Zebra Technologies by 16.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 304,845 shares of the industrial products company’s stock valued at $94,176,000 after buying an additional 43,111 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Zebra Technologies by 17.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 3,700 shares of the industrial products company’s stock valued at $1,143,000 after acquiring an additional 557 shares in the last quarter. Thoroughbred Financial Services LLC acquired a new position in shares of Zebra Technologies during the second quarter worth about $314,000. GHP Investment Advisors Inc. raised its holdings in Zebra Technologies by 2.7% during the second quarter. GHP Investment Advisors Inc. now owns 19,002 shares of the industrial products company’s stock worth $5,870,000 after purchasing an additional 496 shares in the last quarter. Finally, TradeLink Capital LLC acquired a new stake in Zebra Technologies in the second quarter valued at about $403,000. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Insider Activity

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the sale, the insider now owns 9,694 shares in the company, valued at approximately $3,312,342.86. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ZBRA shares. Barclays boosted their target price on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. BNP Paribas upgraded Zebra Technologies from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $258.00 to $305.00 in a research report on Thursday, June 13th. TD Cowen boosted their target price on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Truist Financial reaffirmed a “hold” rating and set a $345.00 price target (up from $315.00) on shares of Zebra Technologies in a research note on Wednesday, July 31st. Finally, Redburn Atlantic upgraded shares of Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $349.64.

Zebra Technologies Stock Performance

Shares of ZBRA 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 stock has a market cap of $17.35 billion, a P/E ratio of 66.96 and a beta of 1.65. 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 50-day moving average of $332.39 and a two-hundred day moving average of $312.03.

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