FDx Advisors Inc. acquired a new position in shares of Zebra Technologies (NASDAQ:ZBRA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,699 shares of the industrial products company’s stock, valued at approximately $477,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. increased its stake in Zebra Technologies by 3.4% in the third quarter. BlackRock Inc. now owns 4,789,918 shares of the industrial products company’s stock valued at $847,002,000 after acquiring an additional 155,572 shares during the period. Wells Fargo & Company MN increased its stake in Zebra Technologies by 65.0% in the third quarter. Wells Fargo & Company MN now owns 1,526,432 shares of the industrial products company’s stock valued at $269,919,000 after acquiring an additional 601,225 shares during the period. Pictet Asset Management Ltd. increased its stake in Zebra Technologies by 12.6% in the third quarter. Pictet Asset Management Ltd. now owns 818,181 shares of the industrial products company’s stock valued at $144,679,000 after acquiring an additional 91,361 shares during the period. FMR LLC increased its stake in Zebra Technologies by 208.6% in the third quarter. FMR LLC now owns 698,886 shares of the industrial products company’s stock valued at $123,585,000 after acquiring an additional 472,441 shares during the period. Finally, Columbus Circle Investors boosted its position in Zebra Technologies by 14.7% in the third quarter. Columbus Circle Investors now owns 673,074 shares of the industrial products company’s stock valued at $119,020,000 after buying an additional 86,332 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Joachim Heel sold 2,480 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $182.38, for a total transaction of $452,302.40. Following the transaction, the senior vice president now directly owns 24,412 shares in the company, valued at $4,452,260.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew K. Ludwick sold 34,000 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $178.04, for a total transaction of $6,053,360.00. Following the transaction, the director now owns 34,952 shares in the company, valued at $6,222,854.08. The disclosure for this sale can be found here. Insiders have sold 71,640 shares of company stock worth $12,930,449 over the last quarter. 2.30% of the stock is owned by company insiders.

A number of research firms have commented on ZBRA. ValuEngine lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. Northcoast Research set a $200.00 price target on shares of Zebra Technologies and gave the company a “buy” rating in a research report on Tuesday, October 16th. Robert W. Baird boosted their price target on shares of Zebra Technologies from $175.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, November 12th. BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Friday, October 19th. Finally, Needham & Company LLC boosted their price target on shares of Zebra Technologies from $165.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Zebra Technologies currently has an average rating of “Buy” and a consensus price target of $180.22.

NASDAQ:ZBRA opened at $171.02 on Thursday. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 26.72 and a beta of 1.55. Zebra Technologies has a 12 month low of $101.49 and a 12 month high of $184.75. The company has a current ratio of 1.09, a quick ratio of 0.64 and a debt-to-equity ratio of 1.51.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, November 6th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.28. Zebra Technologies had a net margin of 7.55% and a return on equity of 49.81%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the business earned $1.87 earnings per share. Zebra Technologies’s quarterly revenue was up 16.8% on a year-over-year basis. Research analysts predict that Zebra Technologies will post 10.04 earnings per share for the current fiscal year.

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Zebra Technologies Company Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

Further Reading: Bond

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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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