Isthmus Partners LLC Purchases 52 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Isthmus Partners LLC grew its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 0.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,735 shares of the industrial products company’s stock after purchasing an additional 52 shares during the period. Zebra Technologies comprises about 1.8% of Isthmus Partners LLC’s holdings, making the stock its 14th largest holding. Isthmus Partners LLC owned approximately 0.08% of Zebra Technologies worth $15,455,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Concord Wealth Partners bought a new stake in shares of Zebra Technologies in the 3rd quarter valued at about $30,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Zebra Technologies in the 2nd quarter valued at about $27,000. Farmers & Merchants Investments Inc. lifted its stake in shares of Zebra Technologies by 185.3% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 63 shares during the last quarter. Transcendent Capital Group LLC bought a new stake in shares of Zebra Technologies in the 2nd quarter valued at about $32,000. Finally, Blue Trust Inc. lifted its stake in shares of Zebra Technologies by 136.7% in the 3rd quarter. Blue Trust Inc. now owns 116 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 67 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. TD Cowen boosted their price target on Zebra Technologies from $380.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stephens boosted their price target on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Barclays boosted their price target on Zebra Technologies from $347.00 to $407.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, Truist Financial restated a “hold” rating and set a $383.00 price target (up previously from $379.00) on shares of Zebra Technologies in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $385.18.

Insider Buying and Selling

In related news, CFO Nathan Andrew Winters sold 1,837 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,359,738.33. This represents a 13.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Zebra Technologies Stock Performance

Zebra Technologies stock opened at $405.75 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.37 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $20.93 billion, a P/E ratio of 55.20 and a beta of 1.64. The stock’s 50 day moving average is $379.71 and its 200 day moving average is $343.47. Zebra Technologies Co. has a twelve month low of $229.65 and a twelve month high of $406.14.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57. The company 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 firm’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 EPS. On average, equities research analysts predict that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

Zebra Technologies Company 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.