Raymond James & Associates trimmed its position in shares of Zebra Technologies (NASDAQ:ZBRA) by 4.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,680 shares of the industrial products company’s stock after selling 1,068 shares during the quarter. Raymond James & Associates’ holdings in Zebra Technologies were worth $2,666,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Skylands Capital LLC boosted its holdings in Zebra Technologies by 82.2% during the 4th quarter. Skylands Capital LLC now owns 22,050 shares of the industrial products company’s stock valued at $2,289,000 after acquiring an additional 9,950 shares during the period. Ameriprise Financial Inc. boosted its holdings in Zebra Technologies by 3.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 168,618 shares of the industrial products company’s stock valued at $18,308,000 after acquiring an additional 6,143 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Zebra Technologies by 3.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 473,296 shares of the industrial products company’s stock valued at $51,391,000 after acquiring an additional 14,033 shares during the period. JPMorgan Chase & Co. boosted its holdings in Zebra Technologies by 44.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 123,592 shares of the industrial products company’s stock valued at $13,476,000 after acquiring an additional 38,129 shares during the period. Finally, Meritage Portfolio Management purchased a new position in Zebra Technologies during the 4th quarter valued at about $5,217,000. Institutional investors own 90.02% of the company’s stock.
ZBRA has been the subject of a number of research analyst reports. BidaskClub cut Zebra Technologies from a “hold” rating to a “sell” rating in a report on Friday, December 15th. ValuEngine cut Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Zacks Investment Research upgraded Zebra Technologies from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research note on Saturday, January 13th. Needham & Company LLC lifted their price objective on Zebra Technologies to $147.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $125.00 price objective (up previously from $108.00) on shares of Zebra Technologies in a research note on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $139.89.
In related news, CEO Anders Gustafsson sold 42,557 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $141.26, for a total transaction of $6,011,601.82. Following the completion of the sale, the chief executive officer now owns 311,338 shares in the company, valued at $43,979,605.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jim L. Kaput sold 4,884 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $145.24, for a total value of $709,352.16. Following the sale, the senior vice president now owns 23,374 shares of the company’s stock, valued at approximately $3,394,839.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,780 shares of company stock valued at $8,029,513. 2.40% of the stock is owned by company insiders.
Shares of ZBRA opened at $136.15 on Tuesday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.06 and a quick ratio of 0.61. The stock has a market capitalization of $7,212.18, a PE ratio of 21.27, a P/E/G ratio of 2.08 and a beta of 1.45. Zebra Technologies has a 1 year low of $86.82 and a 1 year high of $148.71.
Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, beating 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 return on equity of 42.96% and a net margin of 0.46%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.93 EPS. sell-side analysts expect that Zebra Technologies will post 8.68 EPS for the current year.
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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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