Fenimore Asset Management Inc Sells 163 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Fenimore Asset Management Inc lowered its holdings in Zebra Technologies Co. (NASDAQ:ZBRA) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 321,284 shares of the industrial products company’s stock after selling 163 shares during the period. Zebra Technologies makes up about 2.6% of Fenimore Asset Management Inc’s portfolio, making the stock its 13th largest holding. Fenimore Asset Management Inc owned approximately 0.62% of Zebra Technologies worth $124,086,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Donoghue Forlines LLC acquired a new stake in Zebra Technologies during the fourth quarter worth about $2,042,000. Nisa Investment Advisors LLC boosted its position in shares of Zebra Technologies by 0.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 24,089 shares of the industrial products company’s stock worth $9,304,000 after acquiring an additional 143 shares in the last quarter. Red Spruce Capital LLC bought a new position in Zebra Technologies in the fourth quarter valued at approximately $238,000. Koshinski Asset Management Inc. acquired a new position in Zebra Technologies during the fourth quarter valued at approximately $212,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Zebra Technologies by 24.8% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 151 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 30 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Insider Transactions at Zebra Technologies

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $4,359,738.33. The trade was a 13.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Down 1.5 %

Shares of NASDAQ:ZBRA opened at $414.61 on Friday. The firm has a market cap of $21.39 billion, a P/E ratio of 56.41 and a beta of 1.64. Zebra Technologies Co. has a 12-month low of $233.95 and a 12-month high of $427.76. The business has a fifty day simple moving average of $398.66 and a 200 day simple moving average of $368.62. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (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 during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company earned $0.57 earnings per share. The firm’s revenue was up 31.3% compared to the same quarter last year. Analysts predict that Zebra Technologies Co. will post 11.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citigroup began coverage on Zebra Technologies in a research note on Tuesday, January 14th. They issued a “neutral” rating and a $430.00 price target on the stock. UBS Group boosted their target price on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Truist Financial raised their price target on shares of Zebra Technologies from $408.00 to $409.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Morgan Stanley upped their price objective on shares of Zebra Technologies from $400.00 to $427.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Finally, TD Cowen raised their target price 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. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Zebra Technologies has an average rating of “Moderate Buy” and an average target price of $401.25.

About Zebra Technologies

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.