New South Capital Management Inc. Sells 117,202 Shares of Zebra Technologies Corporation $ZBRA

New South Capital Management Inc. reduced its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 28.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 295,792 shares of the industrial products company’s stock after selling 117,202 shares during the period. Zebra Technologies accounts for about 7.5% of New South Capital Management Inc.’s holdings, making the stock its 3rd biggest position. New South Capital Management Inc.’s holdings in Zebra Technologies were worth $110,422,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of Zebra Technologies by 22.9% in the 1st quarter. Bank of America Corp DE now owns 291,031 shares of the industrial products company’s stock valued at $60,849,000 after buying an additional 54,222 shares in the last quarter. EULAV Asset Management purchased a new position in shares of Zebra Technologies in the 3rd quarter valued at $4,738,000. VELA Investment Management LLC raised its stake in Zebra Technologies by 1,400.8% during the 2nd quarter. VELA Investment Management LLC now owns 21,281 shares of the industrial products company’s stock worth $5,602,000 after acquiring an additional 19,863 shares in the last quarter. Tidal Investments LLC raised its stake in Zebra Technologies by 21.8% during the 2nd quarter. Tidal Investments LLC now owns 11,455 shares of the industrial products company’s stock worth $3,016,000 after acquiring an additional 2,053 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in Zebra Technologies by 34.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 256,025 shares of the industrial products company’s stock worth $95,577,000 after acquiring an additional 65,320 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Price Performance

ZBRA stock opened at $327.44 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.36 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $15.60 billion, a P/E ratio of 26.43 and a beta of 1.61. The business has a 50 day simple moving average of $363.04 and a 200-day simple moving average of $283.61. Zebra Technologies Corporation has a twelve month low of $199.05 and a twelve month high of $392.78.

Zebra Technologies (NASDAQ:ZBRA) last announced 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. Zebra Technologies had a net margin of 9.80% and a return on equity of 23.94%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the company posted $3.88 EPS. The company’s quarterly revenue was up 22.3% on a year-over-year basis. As a group, equities analysts anticipate that Zebra Technologies Corporation will post 18.16 EPS for the current year.

Analyst Ratings Changes

ZBRA has been the subject of a number of research reports. UBS Group reissued a “buy” rating on shares of Zebra Technologies in a research report on Wednesday, August 5th. Needham & Company LLC raised their price objective on Zebra Technologies from $410.00 to $435.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. BNP Paribas Exane dropped their price objective on Zebra Technologies from $460.00 to $455.00 and set an “outperform” rating on the stock in a report on Wednesday, November 4th. Wall Street Zen cut Zebra Technologies from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley boosted their target price on Zebra Technologies from $360.00 to $380.00 and gave the company an “equal weight” rating in a report on Wednesday, November 4th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $388.15.

Zebra Technologies Company Profile

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.