Providence Capital Advisors LLC grew its holdings in Zebra Technologies (NASDAQ:ZBRA) by 4.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 11,928 shares of the industrial products company’s stock after buying an additional 538 shares during the quarter. Zebra Technologies comprises about 1.4% of Providence Capital Advisors LLC’s investment portfolio, making the stock its 29th largest holding. Providence Capital Advisors LLC’s holdings in Zebra Technologies were worth $2,109,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the business. Psagot Investment House Ltd. acquired a new position in shares of Zebra Technologies during the second quarter worth $129,000. Reilly Financial Advisors LLC acquired a new position in shares of Zebra Technologies during the third quarter worth $142,000. Synovus Financial Corp acquired a new position in shares of Zebra Technologies during the second quarter worth $148,000. Moneta Group Investment Advisors LLC acquired a new position in shares of Zebra Technologies during the second quarter worth $158,000. Finally, Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Zebra Technologies during the second quarter worth $180,000. Institutional investors and hedge funds own 88.16% of the company’s stock.
In related news, SVP Joachim Heel sold 2,480 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $182.38, for a total value of $452,302.40. Following the completion of the sale, the senior vice president now directly owns 24,412 shares of the company’s stock, valued at $4,452,260.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Anders Gustafsson sold 11,588 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $169.06, for a total transaction of $1,959,067.28. Following the completion of the sale, the chief executive officer now directly owns 314,092 shares of the company’s stock, valued at $53,100,393.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,637 shares of company stock valued at $10,256,352. 2.30% of the stock is owned by corporate insiders.
Shares of ZBRA opened at $173.26 on Thursday. Zebra Technologies has a 1-year low of $101.49 and a 1-year high of $184.75. The firm has a market capitalization of $9.53 billion, a P/E ratio of 27.07 and a beta of 1.55. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.09 and a quick ratio of 0.64.
Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $2.88 earnings per share for the quarter, beating analysts’ consensus estimates of $2.60 by $0.28. Zebra Technologies had a net margin of 7.55% and a return on equity of 49.81%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company earned $1.87 earnings per share. Zebra Technologies’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, sell-side analysts predict that Zebra Technologies will post 9.62 earnings per share for the current fiscal year.
A number of equities analysts recently commented on the stock. BidaskClub upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Northcoast Research set a $200.00 target price on shares of Zebra Technologies and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Robert W. Baird boosted their target price on shares of Zebra Technologies from $175.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday. Needham & Company LLC boosted their target price on shares of Zebra Technologies from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Finally, Imperial Capital boosted their price target on shares of Zebra Technologies from $190.00 to $195.00 and gave the company an “outperform” rating in a research report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Zebra Technologies currently has an average rating of “Buy” and a consensus target price of $172.44.
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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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