Cornerstone Capital Management Holdings LLC. decreased its holdings in Zebra Technologies (NASDAQ:ZBRA) by 36.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,826 shares of the industrial products company’s stock after selling 103,846 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned approximately 0.34% of Zebra Technologies worth $18,872,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. Greenleaf Trust lifted its holdings in Zebra Technologies by 98.0% in the fourth quarter. Greenleaf Trust now owns 1,000 shares of the industrial products company’s stock valued at $104,000 after buying an additional 495 shares during the period. Zions Bancorporation acquired a new position in Zebra Technologies in the third quarter valued at $180,000. Stifel Financial Corp acquired a new position in shares of Zebra Technologies during the third quarter valued at about $239,000. Commerce Bank acquired a new position in shares of Zebra Technologies during the third quarter valued at about $278,000. Finally, Ramsey Quantitative Systems acquired a new position in shares of Zebra Technologies during the fourth quarter valued at about $282,000. 90.02% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on the stock. ValuEngine upgraded shares of Zebra Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. JPMorgan Chase upgraded shares of Zebra Technologies from a “neutral” rating to an “overweight” rating and set a $160.00 price objective on the stock in a report on Monday, March 26th. Northcoast Research set a $162.00 price objective on shares of Zebra Technologies and gave the company a “buy” rating in a report on Friday, February 23rd. BidaskClub upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Needham & Company LLC upped their target price on shares of Zebra Technologies to $147.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $139.89.
ZBRA stock traded down $3.74 during trading on Friday, reaching $135.44. The stock had a trading volume of 342,093 shares, compared to its average volume of 408,011. Zebra Technologies has a one year low of $86.82 and a one year high of $148.71. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.61 and a current ratio of 1.06. The company has a market capitalization of $7,411.33, a price-to-earnings ratio of 21.16, a PEG ratio of 2.14 and a beta of 1.45.
Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.21. Zebra Technologies had a net margin of 0.46% and a return on equity of 42.96%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $984.33 million. During the same period in the prior year, the firm posted $1.93 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. sell-side analysts forecast that Zebra Technologies will post 8.68 EPS for the current fiscal year.
In related news, SVP Jim L. Kaput sold 4,884 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $145.24, for a total transaction of $709,352.16. Following the sale, the senior vice president now directly owns 23,374 shares in the company, valued at approximately $3,394,839.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anders Gustafsson sold 42,557 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $141.26, for a total transaction of $6,011,601.82. Following the sale, the chief executive officer now owns 311,338 shares in the company, valued at $43,979,605.88. The disclosure for this sale can be found here. Insiders have sold a total of 56,780 shares of company stock valued at $8,029,513 over the last three months. Insiders own 2.40% of the company’s stock.
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Zebra Technologies Profile
Zebra Technologies Corporation, together with its subsidiaries, designs, manufactures, and sells a range of automatic identification and data capture (AIDC) products worldwide. It offers AIDC products, including mobile computers, barcode scanners, radio frequency identification device readers, specialty printers for barcode labeling and personal identification, and real-time location systems; related accessories and supplies, such as self-adhesive labels and other consumables; and software utilities and applications.
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