Heartland Bank & Trust Co Purchases New Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Heartland Bank & Trust Co acquired a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 745 shares of the industrial products company’s stock, valued at approximately $288,000.

A number of other institutional investors also recently made changes to their positions in the business. Pacer Advisors Inc. grew its stake in Zebra Technologies by 14.9% in the fourth quarter. Pacer Advisors Inc. now owns 4,468 shares of the industrial products company’s stock worth $1,726,000 after purchasing an additional 579 shares in the last quarter. KBC Group NV increased its holdings in shares of Zebra Technologies by 4.1% in the 4th quarter. KBC Group NV now owns 14,059 shares of the industrial products company’s stock valued at $5,430,000 after acquiring an additional 557 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Zebra Technologies during the 4th quarter valued at approximately $1,999,000. Blue Trust Inc. grew its position in shares of Zebra Technologies by 122.4% during the 4th quarter. Blue Trust Inc. now owns 258 shares of the industrial products company’s stock valued at $96,000 after buying an additional 142 shares during the last quarter. Finally, AlphaMark Advisors LLC raised its stake in Zebra Technologies by 3.3% during the fourth quarter. AlphaMark Advisors LLC now owns 2,453 shares of the industrial products company’s stock worth $947,000 after acquiring an additional 79 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ZBRA. TD Cowen boosted their price target on shares of Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays boosted their price objective on Zebra Technologies from $347.00 to $407.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Morgan Stanley boosted their price target 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. 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. Finally, UBS Group raised their target price on shares of Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $401.25.

Insider Activity

In other news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were 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 owns 11,421 shares in the company, valued at $4,359,738.33. This represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Price Performance

Shares of ZBRA stock opened at $414.61 on Monday. Zebra Technologies Co. has a 52 week low of $233.95 and a 52 week high of $427.76. The stock’s fifty day moving average is $398.66 and its 200-day moving average is $369.31. 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 stock has a market capitalization of $21.39 billion, a PE ratio of 56.41 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.57. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The business’s revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. Equities research analysts expect that Zebra Technologies Co. will post 11.8 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.