Russell Investments Group Ltd. Has $15.50 Million Holdings in Zebra Technologies (ZBRA)

Russell Investments Group Ltd. grew its holdings in shares of Zebra Technologies (NASDAQ:ZBRA) by 52.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,285 shares of the industrial products company’s stock after buying an additional 30,178 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.16% of Zebra Technologies worth $15,504,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ZBRA. Northern Trust Corp increased its stake in shares of Zebra Technologies by 5.6% during the 2nd quarter. Northern Trust Corp now owns 440,781 shares of the industrial products company’s stock worth $63,142,000 after purchasing an additional 23,324 shares during the last quarter. Boyd Watterson Asset Management LLC OH increased its stake in shares of Zebra Technologies by 28.6% during the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 3,428 shares of the industrial products company’s stock worth $606,000 after purchasing an additional 763 shares during the last quarter. Marietta Investment Partners LLC acquired a new position in shares of Zebra Technologies during the 2nd quarter worth about $2,564,000. Meadow Creek Investment Management LLC increased its stake in shares of Zebra Technologies by 33.7% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 12,832 shares of the industrial products company’s stock worth $1,838,000 after purchasing an additional 3,232 shares during the last quarter. Finally, CENTRAL TRUST Co increased its stake in shares of Zebra Technologies by 29.4% during the 3rd quarter. CENTRAL TRUST Co now owns 4,714 shares of the industrial products company’s stock worth $834,000 after purchasing an additional 1,070 shares during the last quarter. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

In other Zebra Technologies news, CEO Anders Gustafsson sold 24,916 shares of the stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $163.15, for a total transaction of $4,065,045.40. Following the transaction, the chief executive officer now owns 314,092 shares in the company, valued at approximately $51,244,109.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Hugh K. Gagnier sold 8,409 shares of the stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $168.89, for a total transaction of $1,420,196.01. Following the transaction, the senior vice president now owns 14,682 shares in the company, valued at approximately $2,479,642.98. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,835 shares of company stock worth $8,892,693. 2.30% of the stock is owned by company insiders.

A number of brokerages recently commented on ZBRA. BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Imperial Capital upped their price target on shares of Zebra Technologies from $190.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday. Needham & Company LLC upped their price target on shares of Zebra Technologies to $192.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research lowered shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 16th. Finally, Morgan Stanley upped their price target on shares of Zebra Technologies from $135.00 to $160.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $168.33.

Shares of ZBRA opened at $181.50 on Friday. Zebra Technologies has a 52 week low of $101.49 and a 52 week high of $184.75. The stock has a market capitalization of $9.60 billion, a P/E ratio of 28.36 and a beta of 1.55. The company has a current ratio of 1.09, a quick ratio of 0.64 and a debt-to-equity ratio of 1.51.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $2.88 EPS for the quarter, beating the Zacks’ consensus estimate of $2.60 by $0.28. Zebra Technologies had a net margin of 7.55% and a return on equity of 49.81%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business earned $1.87 EPS. Zebra Technologies’s quarterly revenue was up 16.8% on a year-over-year basis. Equities analysts expect that Zebra Technologies will post 9.62 earnings per share for the current year.

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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.

Further Reading: Retained Earnings

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

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