Bahl & Gaynor Inc. Makes New $219,000 Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

Bahl & Gaynor Inc. bought a new position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 800 shares of the industrial products company’s stock, valued at approximately $219,000.

Several other large investors also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd purchased a new stake in Zebra Technologies during the 4th quarter worth approximately $44,000. South Dakota Investment Council boosted its holdings in shares of Zebra Technologies by 282.1% in the 4th quarter. South Dakota Investment Council now owns 32,782 shares of the industrial products company’s stock valued at $8,960,000 after acquiring an additional 24,202 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Zebra Technologies in the 4th quarter valued at $78,000. National Wealth Management Group LLC purchased a new stake in shares of Zebra Technologies in the 4th quarter valued at $215,000. Finally, Larson Financial Group LLC lifted its stake in shares of Zebra Technologies by 47,775.0% in the 4th quarter. Larson Financial Group LLC now owns 1,915 shares of the industrial products company’s stock valued at $523,000 after purchasing an additional 1,911 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the transaction, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.06% of the stock is currently owned by insiders.

Zebra Technologies Trading Up 1.6 %

Shares of ZBRA opened at $297.21 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.54 and a debt-to-equity ratio of 0.67. Zebra Technologies Co. has a 12-month low of $194.59 and a 12-month high of $320.55. The firm has a 50-day moving average price of $286.38 and a 200 day moving average price of $255.06. The firm has a market capitalization of $15.27 billion, a P/E ratio of 52.05 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Thursday, February 15th. The industrial products company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.09. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1 billion. Zebra Technologies had a net margin of 6.46% and a return on equity of 15.30%. Zebra Technologies’s revenue was down 32.9% compared to the same quarter last year. During the same quarter last year, the firm posted $4.43 earnings per share. Sell-side analysts forecast that Zebra Technologies Co. will post 9.76 EPS for the current 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.