Dearborn Partners LLC cut its stake in Zebra Technologies (NASDAQ:ZBRA) by 55.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,475 shares of the industrial products company’s stock after selling 1,850 shares during the quarter. Dearborn Partners LLC’s holdings in Zebra Technologies were worth $235,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC raised its holdings in Zebra Technologies by 398.2% in the 4th quarter. FNY Investment Advisers LLC now owns 279 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 223 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in Zebra Technologies by 966.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 256 shares of the industrial products company’s stock worth $45,000 after purchasing an additional 232 shares in the last quarter. Quantamental Technologies LLC bought a new position in Zebra Technologies in the 4th quarter worth $67,000. Financial Architects Inc bought a new position in Zebra Technologies in the 4th quarter worth $113,000. Finally, Reilly Financial Advisors LLC bought a new position in Zebra Technologies in the 3rd quarter worth $142,000. Institutional investors and hedge funds own 87.40% of the company’s stock.
In related news, Director Andrew K. Ludwick sold 34,000 shares of the stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $178.04, for a total transaction of $6,053,360.00. Following the sale, the director now directly owns 34,952 shares of the company’s stock, valued at approximately $6,222,854.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.30% of the company’s stock.
ZBRA has been the subject of several research reports. Zacks Investment Research upgraded shares of Zebra Technologies from a “sell” rating to a “buy” rating and set a $200.00 price target for the company in a research note on Saturday, November 17th. BidaskClub upgraded shares of Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 17th. Wellington Shields lowered shares of Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a research note on Monday, January 28th. ValuEngine upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 28th. Finally, Imperial Capital increased their price target on shares of Zebra Technologies from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Zebra Technologies has an average rating of “Buy” and a consensus price target of $180.22.
Shares of Zebra Technologies stock opened at $176.40 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.09 and a quick ratio of 0.64. The stock has a market capitalization of $9.51 billion, a P/E ratio of 18.73 and a beta of 1.52. Zebra Technologies has a 1 year low of $110.48 and a 1 year high of $184.75.
Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.60 by $0.28. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Zebra Technologies had a net margin of 7.55% and a return on equity of 49.81%. Zebra Technologies’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the business earned $1.87 EPS. Equities research analysts expect that Zebra Technologies will post 10.04 earnings per share for the current fiscal year.
Zebra Technologies Profile
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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