Flinton Capital Management LLC grew its holdings in shares of Zebra Technologies (NASDAQ:ZBRA) by 28.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,400 shares of the industrial products company’s stock after purchasing an additional 4,522 shares during the period. Flinton Capital Management LLC’s holdings in Zebra Technologies were worth $2,118,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the company. Skylands Capital LLC boosted its holdings in shares of Zebra Technologies by 82.2% in the fourth quarter. Skylands Capital LLC now owns 22,050 shares of the industrial products company’s stock worth $2,289,000 after buying an additional 9,950 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Zebra Technologies by 3.8% in the third quarter. Ameriprise Financial Inc. now owns 168,618 shares of the industrial products company’s stock worth $18,308,000 after buying an additional 6,143 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Zebra Technologies by 3.1% in the third quarter. Dimensional Fund Advisors LP now owns 473,296 shares of the industrial products company’s stock worth $51,391,000 after buying an additional 14,033 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Zebra Technologies by 44.6% in the third quarter. JPMorgan Chase & Co. now owns 123,592 shares of the industrial products company’s stock worth $13,476,000 after buying an additional 38,129 shares during the period. Finally, Meritage Portfolio Management acquired a new position in shares of Zebra Technologies in the fourth quarter worth about $5,217,000. Institutional investors own 90.02% of the company’s stock.
Several brokerages have commented on ZBRA. Northcoast Research set a $162.00 target price on shares of Zebra Technologies and gave the stock a “buy” rating in a report on Friday, February 23rd. BidaskClub upgraded shares of Zebra Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Barrington Research raised their target price on shares of Zebra Technologies to $150.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. JPMorgan Chase cut shares of Zebra Technologies from an “overweight” rating to a “neutral” rating and set a $150.00 target price for the company. in a report on Monday, February 26th. Finally, Wells Fargo reiterated a “market perform” rating and issued a $140.00 target price (up from $112.00) on shares of Zebra Technologies in a report on Tuesday, February 27th. Three analysts have rated the stock with a hold rating, seven have assigned 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 an average price target of $139.89.
Shares of ZBRA stock traded down $3.74 during trading on Friday, hitting $135.44. 342,093 shares of the company were exchanged, compared to its average volume of 408,011. 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 stock has a market cap of $7,212.18, a P/E ratio of 21.16, a P/E/G ratio of 2.08 and a beta of 1.45. Zebra Technologies has a twelve month low of $86.82 and a twelve month high of $148.71.
Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $2.33 EPS for the quarter, topping the consensus estimate of $2.12 by $0.21. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $984.33 million. Zebra Technologies had a net margin of 0.46% and a return on equity of 42.96%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $1.93 earnings per share. sell-side analysts predict that Zebra Technologies will post 8.68 EPS for the current year.
In related news, Director Ross W. Manire sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $135.17, for a total transaction of $270,340.00. Following the transaction, the director now owns 27,432 shares of the company’s stock, valued at $3,707,983.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Anders Gustafsson sold 42,557 shares of the firm’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 transaction, the chief executive officer now directly owns 311,338 shares in the company, valued at approximately $43,979,605.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,780 shares of company stock valued at $8,029,513. 2.40% of the stock is currently owned by corporate insiders.
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About Zebra Technologies
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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