Amalgamated Bank increased its holdings in Zebra Technologies (NASDAQ:ZBRA) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,710 shares of the industrial products company’s stock after acquiring an additional 702 shares during the period. Amalgamated Bank’s holdings in Zebra Technologies were worth $1,630,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Principal Financial Group Inc. lifted its stake in Zebra Technologies by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 235,245 shares of the industrial products company’s stock worth $32,744,000 after acquiring an additional 8,191 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Zebra Technologies in the 1st quarter worth about $6,255,000. Xact Kapitalforvaltning AB lifted its stake in Zebra Technologies by 49.8% in the 1st quarter. Xact Kapitalforvaltning AB now owns 7,223 shares of the industrial products company’s stock worth $1,005,000 after acquiring an additional 2,400 shares in the last quarter. Legal & General Group Plc lifted its stake in Zebra Technologies by 365.7% in the 1st quarter. Legal & General Group Plc now owns 254,926 shares of the industrial products company’s stock worth $35,483,000 after acquiring an additional 200,180 shares in the last quarter. Finally, Robecosam AG purchased a new stake in Zebra Technologies in the 1st quarter worth about $905,000. 88.30% of the stock is owned by hedge funds and other institutional investors.
ZBRA opened at $143.22 on Wednesday. Zebra Technologies has a fifty-two week low of $94.78 and a fifty-two week high of $161.72. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.13 and a quick ratio of 0.65. The stock has a market cap of $7.90 billion, a PE ratio of 22.38, a PEG ratio of 3.23 and a beta of 1.51.
Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, May 8th. The industrial products company reported $2.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.51. Zebra Technologies had a return on equity of 47.70% and a net margin of 3.08%. The company had revenue of $977.00 million during the quarter, compared to the consensus estimate of $935.85 million. During the same period last year, the business earned $1.37 EPS. The business’s quarterly revenue was up 12.9% on a year-over-year basis. research analysts forecast that Zebra Technologies will post 9.16 EPS for the current fiscal year.
In other news, SVP Michael H. Terzich sold 2,442 shares of the firm’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $152.38, for a total transaction of $372,111.96. Following the completion of the sale, the senior vice president now directly owns 34,355 shares of the company’s stock, valued at approximately $5,235,014.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anders Gustafsson sold 20,459 shares of the firm’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $152.61, for a total value of $3,122,247.99. Following the sale, the chief executive officer now directly owns 311,338 shares of the company’s stock, valued at $47,513,292.18. The disclosure for this sale can be found here. Insiders have sold a total of 31,067 shares of company stock valued at $4,735,258 over the last ninety days. Company insiders own 2.30% of the company’s stock.
Several equities research analysts recently issued reports on the company. BidaskClub downgraded Zebra Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 16th. Morgan Stanley increased their price objective on Zebra Technologies from $125.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 9th. Needham & Company LLC increased their price objective on Zebra Technologies to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, May 9th. They noted that the move was a valuation call. TheStreet raised Zebra Technologies from a “c+” rating to a “b” rating in a research note on Tuesday, May 8th. Finally, ValuEngine downgraded Zebra Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $147.78.
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.
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