Providence Capital Advisors LLC Raises Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Providence Capital Advisors LLC raised its stake in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,131 shares of the industrial products company’s stock after acquiring an additional 160 shares during the period. Zebra Technologies makes up 1.3% of Providence Capital Advisors LLC’s portfolio, making the stock its 28th biggest position. Providence Capital Advisors LLC’s holdings in Zebra Technologies were worth $6,344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of ZBRA. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Zebra Technologies during the second quarter valued at $27,000. Farmers & Merchants Investments Inc. lifted its holdings in shares of Zebra Technologies by 185.3% during the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 63 shares in the last quarter. Concord Wealth Partners bought a new position in shares of Zebra Technologies during the third quarter valued at $30,000. Transcendent Capital Group LLC bought a new position in shares of Zebra Technologies during the second quarter valued at $32,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Zebra Technologies by 38.8% during the second quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 33 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of Zebra Technologies stock in a transaction 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 transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. This trade represents a 13.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $405.75 on Thursday. Zebra Technologies Co. has a 52-week low of $229.65 and a 52-week high of $406.14. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 1.37. The firm has a market capitalization of $20.93 billion, a P/E ratio of 55.20 and a beta of 1.64. The stock has a 50 day moving average price of $378.87 and a 200 day moving average price of $343.03.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. Zebra Technologies’s revenue was up 31.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS. As a group, sell-side analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Needham & Company LLC upped their price target on Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. TD Cowen upped their price target on Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Stephens increased their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. UBS Group raised their price target on Zebra Technologies from $390.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Finally, Robert W. Baird raised their price target on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $385.18.

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.