2,369 Zebra Technologies Corporation $ZBRA Shares Sold by Candriam S.C.A.

Candriam S.C.A. lessened its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,370 shares of the industrial products company’s stock after selling 2,369 shares during the period. Candriam S.C.A.’s holdings in Zebra Technologies were worth $9,505,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Provenance Wealth Advisors LLC grew its holdings in shares of Zebra Technologies by 7,450.0% in the third quarter. Provenance Wealth Advisors LLC now owns 151 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 149 shares during the period. Parkside Financial Bank & Trust increased its position in Zebra Technologies by 33.7% during the second quarter. Parkside Financial Bank & Trust now owns 222 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 56 shares during the last quarter. Heritage Family Offices LLP purchased a new position in Zebra Technologies during the third quarter worth about $71,000. Community Financial Services Group LLC raised its stake in Zebra Technologies by 57.0% during the third quarter. Community Financial Services Group LLC now owns 223 shares of the industrial products company’s stock worth $84,000 after purchasing an additional 81 shares during the period. Finally, Reyes Financial Architecture Inc. acquired a new position in Zebra Technologies in the 3rd quarter valued at about $93,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Stock Up 1.5%

Shares of ZBRA opened at $326.71 on Tuesday. The firm has a market cap of $15.56 billion, a P/E ratio of 26.37 and a beta of 1.61. Zebra Technologies Corporation has a 12-month low of $199.05 and a 12-month high of $392.78. The company’s 50-day moving average price is $364.01 and its 200 day moving average price is $282.80. The company has a current ratio of 0.57, a quick ratio of 0.33 and a debt-to-equity ratio of 0.14.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 EPS for the quarter, beating analysts’ consensus estimates of $4.89 by $0.06. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Zebra Technologies had a net margin of 9.80% and a return on equity of 23.94%. Zebra Technologies’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.88 earnings per share. On average, sell-side analysts forecast that Zebra Technologies Corporation will post 18.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ZBRA shares. UBS Group reiterated a “buy” rating on shares of Zebra Technologies in a report on Wednesday, August 5th. Zacks Research downgraded shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Wall Street Zen lowered shares of Zebra Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Citigroup decreased their price objective on Zebra Technologies from $400.00 to $398.00 and set a “neutral” rating on the stock in a report on Wednesday, November 4th. Finally, Weiss Ratings upgraded Zebra Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. Ten investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Zebra Technologies presently has an average rating of “Moderate Buy” and an average price target of $388.67.

About Zebra Technologies

Zebra Technologies provides digital solutions that help organizations identify, track and manage assets, people and transactions. Its products include barcode and label printers, mobile computers, barcode scanners, RFID readers and machine-vision systems, along with software and services that connect these tools to business operations.

The company serves customers in industries including retail, manufacturing, transportation and logistics, healthcare and government. Its technology supports tasks such as inventory management, order fulfillment, asset tracking and frontline workforce operations across global markets.

Founded in 1969 as Data Specialties Incorporated, the company later adopted the Zebra Technologies name.