Gratus Capital LLC lessened its position in Zebra Technologies Corporation (NASDAQ:ZBRA) by 9.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,515 shares of the industrial products company’s stock after selling 3,890 shares during the period. Gratus Capital LLC owned 0.07% of Zebra Technologies Corporation worth $4,182,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of ZBRA. Penserra Capital Management LLC acquired a new position in Zebra Technologies Corporation in the 2nd quarter worth about $100,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Zebra Technologies Corporation in the second quarter valued at about $136,000. Advisor Group Inc. increased its stake in shares of Zebra Technologies Corporation by 0.8% in the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock valued at $161,000 after buying an additional 13 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Zebra Technologies Corporation by 3.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock valued at $189,000 after buying an additional 71 shares during the period. Finally, ARP Americas LLC acquired a new stake in shares of Zebra Technologies Corporation in the third quarter valued at about $202,000. 92.50% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on ZBRA. Northcoast Research raised Zebra Technologies Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a research note on Thursday, October 12th. Robert W. Baird reissued a “buy” rating and issued a $125.00 price target on shares of Zebra Technologies Corporation in a research note on Friday, November 10th. J P Morgan Chase & Co increased their price target on Zebra Technologies Corporation to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 7th. Finally, Wellington Shields raised Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $111.75.
In other Zebra Technologies Corporation news, Director Frank Blaise Modruson bought 1,540 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the transaction, the director now directly owns 12,556 shares in the company, valued at $1,304,317.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by corporate insiders.
Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) traded down $0.21 during trading on Thursday, hitting $108.56. The company had a trading volume of 225,100 shares, compared to its average volume of 336,414. Zebra Technologies Corporation has a 52 week low of $75.70 and a 52 week high of $117.44. The company has a current ratio of 1.22, a quick ratio of 0.74 and a debt-to-equity ratio of 3.01. The company has a market cap of $5,760.00, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 2.27 and a beta of 1.62.
Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its earnings results on Tuesday, November 7th. The industrial products company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.73 by $0.14. Zebra Technologies Corporation had a return on equity of 41.17% and a net margin of 0.82%. The company had revenue of $935.00 million for the quarter, compared to analyst estimates of $914.98 million. During the same quarter in the prior year, the company earned $1.43 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. analysts predict that Zebra Technologies Corporation will post 6.38 earnings per share for the current fiscal year.
About Zebra Technologies Corporation
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
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 Corporation (NASDAQ:ZBRA).
Receive News & Ratings for Zebra Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.