Atria Wealth Solutions Inc. Invests $213,000 in Zebra Technologies Co. (NASDAQ:ZBRA)

Atria Wealth Solutions Inc. bought a new position in Zebra Technologies Co. (NASDAQ:ZBRA) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 670 shares of the industrial products company’s stock, valued at approximately $213,000.

Several other hedge funds also recently made changes to their positions in ZBRA. Ontario Teachers Pension Plan Board boosted its holdings in shares of Zebra Technologies by 18.1% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 2,003 shares of the industrial products company’s stock valued at $637,000 after buying an additional 307 shares during the period. ProShare Advisors LLC boosted its position in Zebra Technologies by 54.9% during the 1st quarter. ProShare Advisors LLC now owns 9,886 shares of the industrial products company’s stock valued at $3,144,000 after purchasing an additional 3,502 shares during the period. Legato Capital Management LLC acquired a new position in Zebra Technologies during the 1st quarter valued at approximately $1,049,000. Mountain Pacific Investment Advisers Inc. ID boosted its position in Zebra Technologies by 3.7% during the 1st quarter. Mountain Pacific Investment Advisers Inc. ID now owns 79,463 shares of the industrial products company’s stock valued at $25,269,000 after purchasing an additional 2,838 shares during the period. Finally, Toroso Investments LLC boosted its position in Zebra Technologies by 2.7% during the 1st quarter. Toroso Investments LLC now owns 2,360 shares of the industrial products company’s stock valued at $750,000 after purchasing an additional 61 shares during the period. Institutional investors and hedge funds own 85.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wolfe Research upgraded Zebra Technologies from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, August 2nd. Morgan Stanley reduced their target price on shares of Zebra Technologies from $295.00 to $260.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 2nd. TD Cowen boosted their target price on shares of Zebra Technologies from $270.00 to $290.00 and gave the company an “outperform” rating in a research note on Tuesday, September 5th. StockNews.com initiated coverage on shares of Zebra Technologies in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Robert W. Baird reduced their price target on Zebra Technologies from $322.00 to $283.00 and set an “outperform” rating for the company in a research report on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $319.71.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA opened at $253.20 on Tuesday. Zebra Technologies Co. has a 1 year low of $224.87 and a 1 year high of $351.74. The firm has a market cap of $13.00 billion, a P/E ratio of 20.24 and a beta of 1.67. The stock has a fifty day moving average price of $276.08 and a two-hundred day moving average price of $281.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.50 and a current ratio of 0.99.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, August 1st. The industrial products company reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.91 by $0.33. Zebra Technologies had a return on equity of 27.44% and a net margin of 11.82%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company earned $4.22 earnings per share. Zebra Technologies’s revenue was down 17.3% compared to the same quarter last year. Research analysts forecast that Zebra Technologies Co. will post 10.14 EPS for the current fiscal year.

Insider Activity

In other Zebra Technologies news, insider Anders Gustafsson acquired 1,000 shares of Zebra Technologies stock in a transaction dated Thursday, August 3rd. The stock was bought at an average price of $238.89 per share, for a total transaction of $238,890.00. Following the transaction, the insider now owns 195,609 shares in the company, valued at approximately $46,729,034.01. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last quarter, insiders acquired 3,000 shares of company stock worth $742,880. Corporate insiders own 1.06% of the company’s stock.

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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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.