Zacks Investment Research lowered shares of Zebra Technologies Corporation (NASDAQ:ZBRA) from a buy rating to a hold rating in a report issued on Wednesday, October 18th.
According to Zacks, “Zebra Technologies Corporation and its wholly-owned subsidiaries design, manufacture and support a broad range of direct thermal and thermal transfer bar code label printers, receipt printers, instant-issuance plastic card printers and secure identification printing systems, related accessories, and support software. The company markets its products worldwide principally to manufacturing and service organizations for use in automatic identification, data collection, and personal identification systems. “
A number of other equities research analysts have also commented on the company. BidaskClub lowered Zebra Technologies Corporation from a strong-buy rating to a buy rating in a research report on Thursday, June 29th. Needham & Company LLC reissued a buy rating and issued a $118.00 price objective (up from $107.00) on shares of Zebra Technologies Corporation in a research note on Thursday, August 10th. Finally, Barrington Research reissued an outperform rating and issued a $125.00 price objective (up from $110.00) on shares of Zebra Technologies Corporation in a research note on Tuesday, August 15th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $104.29.
Shares of Zebra Technologies Corporation (ZBRA) traded up 0.12% on Wednesday, hitting $111.61. 225,375 shares of the stock traded hands. Zebra Technologies Corporation has a one year low of $62.91 and a one year high of $113.12. The company’s 50 day moving average is $108.84 and its 200 day moving average is $102.67. The stock’s market cap is $5.93 billion.
Zebra Technologies Corporation (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The business had revenue of $897.00 million for the quarter, compared to analyst estimates of $876.90 million. During the same quarter in the previous year, the company posted $1.34 EPS. Zebra Technologies Corporation’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, equities analysts forecast that Zebra Technologies Corporation will post $6.67 EPS for the current year.
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In other news, CEO Anders Gustafsson sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $106.04, for a total value of $2,651,000.00. Following the completion of the transaction, the chief executive officer now directly owns 295,116 shares of the company’s stock, valued at $31,294,100.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Hugh K. Gagnier sold 20,682 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $106.42, for a total value of $2,200,978.44. Following the completion of the transaction, the senior vice president now directly owns 39,072 shares of the company’s stock, valued at $4,158,042.24. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. grew its holdings in Zebra Technologies Corporation by 18.2% during the first quarter. UBS Asset Management Americas Inc. now owns 39,321 shares of the industrial products company’s stock valued at $3,588,000 after purchasing an additional 6,066 shares during the period. JPMorgan Chase & Co. grew its holdings in Zebra Technologies Corporation by 5,002.4% during the first quarter. JPMorgan Chase & Co. now owns 38,064 shares of the industrial products company’s stock valued at $3,474,000 after purchasing an additional 37,318 shares during the period. Credit Agricole S A grew its holdings in Zebra Technologies Corporation by 188.1% during the first quarter. Credit Agricole S A now owns 8,823 shares of the industrial products company’s stock valued at $805,000 after purchasing an additional 5,761 shares during the period. OppenheimerFunds Inc. lifted its position in shares of Zebra Technologies Corporation by 9.4% during the first quarter. OppenheimerFunds Inc. now owns 9,783 shares of the industrial products company’s stock worth $893,000 after acquiring an additional 838 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Zebra Technologies Corporation by 26.1% during the first quarter. FMR LLC now owns 362,224 shares of the industrial products company’s stock worth $33,053,000 after acquiring an additional 74,903 shares in the last quarter. 89.94% of the stock is owned by institutional investors.
About Zebra Technologies Corporation
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
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