Compass Capital Management Inc. Buys 9,697 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Compass Capital Management Inc. increased its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193,803 shares of the industrial products company’s stock after acquiring an additional 9,697 shares during the quarter. Zebra Technologies makes up about 3.7% of Compass Capital Management Inc.’s portfolio, making the stock its 20th largest position. Compass Capital Management Inc. owned approximately 0.38% of Zebra Technologies worth $52,972,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Horizon Advisors Inc. lifted its holdings in shares of Zebra Technologies by 60.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 149 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 56 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Zebra Technologies during the 4th quarter worth approximately $44,000. Centerpoint Advisors LLC purchased a new position in shares of Zebra Technologies in the 3rd quarter worth approximately $59,000. GAMMA Investing LLC bought a new position in shares of Zebra Technologies in the fourth quarter valued at approximately $78,000. Finally, Huntington National Bank increased its position in shares of Zebra Technologies by 104.0% during the third quarter. Huntington National Bank now owns 357 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 182 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays started coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price objective for the company. Wolfe Research upgraded Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective for the company in a report on Monday, April 8th. StockNews.com downgraded Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Finally, Truist Financial started coverage on Zebra Technologies in a report on Thursday, March 14th. They issued a “hold” rating and a $300.00 target price on the stock. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Zebra Technologies has a consensus rating of “Hold” and a consensus target price of $278.64.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded up $14.55 during midday trading on Tuesday, hitting $314.56. 907,538 shares of the company’s stock traded hands, compared to its average volume of 386,480. The firm has a fifty day moving average of $286.87 and a 200 day moving average of $255.96. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $322.95. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 55.62 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.70. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.59 earnings per share. On average, analysts forecast that Zebra Technologies Co. will post 9.76 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Colleen M. O’sullivan sold 135 shares of Zebra Technologies stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $279.36, for a total transaction of $37,713.60. Following the sale, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.04% of the stock is currently owned by insiders.

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.