PNC Financial Services Group Inc. Has $12.57 Million Stock Position in Zebra Technologies (NASDAQ:ZBRA)

PNC Financial Services Group Inc. raised its holdings in Zebra Technologies (NASDAQ:ZBRA) by 0.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 68,481 shares of the industrial products company’s stock after acquiring an additional 155 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Zebra Technologies were worth $12,573,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. increased its position in Zebra Technologies by 4.1% in the 1st quarter. BlackRock Inc. now owns 3,748,582 shares of the industrial products company’s stock valued at $688,240,000 after acquiring an additional 146,276 shares during the period. FMR LLC boosted its stake in shares of Zebra Technologies by 35.7% in the 4th quarter. FMR LLC now owns 3,533,095 shares of the industrial products company’s stock valued at $902,494,000 after purchasing an additional 928,604 shares during the last quarter. State Street Corp boosted its stake in shares of Zebra Technologies by 22.1% in the 4th quarter. State Street Corp now owns 2,089,249 shares of the industrial products company’s stock valued at $533,678,000 after purchasing an additional 378,107 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Zebra Technologies by 18.1% in the 1st quarter. Bank of New York Mellon Corp now owns 987,178 shares of the industrial products company’s stock valued at $181,245,000 after purchasing an additional 151,275 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Zebra Technologies by 43.3% in the 4th quarter. Geode Capital Management LLC now owns 941,603 shares of the industrial products company’s stock valued at $240,084,000 after purchasing an additional 284,374 shares during the last quarter. Hedge funds and other institutional investors own 89.24% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Needham & Company LLC assumed coverage on shares of Zebra Technologies in a research note on Tuesday, April 28th. They issued a “buy” rating and a $250.00 price objective on the stock. Robert W. Baird upped their price objective on shares of Zebra Technologies from $202.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Zacks Investment Research lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. JPMorgan Chase & Co. lowered shares of Zebra Technologies from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $245.00 to $250.00 in a research note on Thursday, April 30th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Zebra Technologies currently has an average rating of “Hold” and an average price target of $236.88.

Shares of NASDAQ ZBRA opened at $244.15 on Friday. The firm has a market cap of $12.96 billion, a PE ratio of 20.50 and a beta of 1.65. Zebra Technologies has a 12-month low of $150.06 and a 12-month high of $260.40. The company’s fifty day simple moving average is $213.09 and its 200 day simple moving average is $229.74. The company has a quick ratio of 0.49, a current ratio of 0.85 and a debt-to-equity ratio of 0.73.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $2.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.64 by $0.03. Zebra Technologies had a net margin of 11.59% and a return on equity of 38.08%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the firm earned $2.92 earnings per share. Zebra Technologies’s revenue was down 1.3% on a year-over-year basis. On average, equities analysts predict that Zebra Technologies will post 9.59 earnings per share for the current year.

In other Zebra Technologies news, SVP Stephen Edgar Williams sold 572 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $223.14, for a total value of $127,636.08. Following the transaction, the senior vice president now directly owns 5,377 shares of the company’s stock, valued at $1,199,823.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael Cho sold 3,470 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $236.47, for a total transaction of $820,550.90. Following the completion of the transaction, the senior vice president now directly owns 7,537 shares in the company, valued at $1,782,274.39. The disclosure for this sale can be found here. Insiders sold 12,493 shares of company stock worth $2,937,079 over the last ninety days. Insiders own 2.00% of the company’s stock.

Zebra Technologies Profile

Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.

Featured Article: Capital gains and your 401(k) or IRA

Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies (NASDAQ:ZBRA).

Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.