Rehmann Capital Advisory Group raised its stake in shares of Zebra Technologies (NASDAQ:ZBRA) by 966.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 256 shares of the industrial products company’s stock after purchasing an additional 232 shares during the period. Rehmann Capital Advisory Group’s holdings in Zebra Technologies were worth $45,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Smith Asset Management Group LP bought a new stake in Zebra Technologies during the second quarter worth about $10,029,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Zebra Technologies in the 2nd quarter valued at approximately $2,065,000. Signition LP bought a new position in Zebra Technologies in the 2nd quarter valued at approximately $202,000. Mackay Shields LLC lifted its position in Zebra Technologies by 27.1% in the 2nd quarter. Mackay Shields LLC now owns 66,643 shares of the industrial products company’s stock valued at $9,546,000 after acquiring an additional 14,192 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in Zebra Technologies by 5.5% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 67,617 shares of the industrial products company’s stock valued at $9,686,000 after acquiring an additional 3,497 shares in the last quarter. Institutional investors own 86.39% of the company’s stock.
NASDAQ ZBRA traded up $0.45 during trading hours on Thursday, hitting $173.96. 18,291 shares of the company’s stock were exchanged, compared to its average volume of 370,313. Zebra Technologies has a 1-year low of $101.49 and a 1-year high of $184.75. The stock has a market capitalization of $9.15 billion, a P/E ratio of 27.18 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 the Thomson Reuters’ consensus estimate of $2.60 by $0.28. Zebra Technologies had a return on equity of 49.81% and a net margin of 7.55%. The company 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 business earned $1.87 earnings per share. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts expect that Zebra Technologies will post 10.04 earnings per share for the current year.
In related news, Director Andrew K. Ludwick sold 34,000 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $178.04, for a total value of $6,053,360.00. Following the sale, the director now owns 34,952 shares in the company, valued at approximately $6,222,854.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Anders Gustafsson sold 35,160 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $182.73, for a total value of $6,424,786.80. Following the completion of the sale, the chief executive officer now owns 314,092 shares in the company, valued at approximately $57,394,031.16. The disclosure for this sale can be found here. Insiders have sold a total of 71,640 shares of company stock valued at $12,930,449 in the last ninety days. 2.30% of the stock is currently owned by corporate insiders.
ZBRA has been the topic of several research analyst reports. Zacks Investment Research raised Zebra Technologies from a “sell” rating to a “buy” rating and set a $200.00 price target on the stock in a report on Saturday, November 17th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $180.00 price target on shares of Zebra Technologies in a research note on Friday, September 21st. BidaskClub lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, September 22nd. Imperial Capital raised their price objective on Zebra Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, September 21st. Finally, Wellington Shields lowered Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a research report on Friday, September 14th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $180.22.
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About Zebra Technologies
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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