Robecosam AG raised its holdings in shares of Zebra Technologies (NASDAQ:ZBRA) by 23.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,529 shares of the industrial products company’s stock after acquiring an additional 1,974 shares during the period. Robecosam AG’s holdings in Zebra Technologies were worth $2,186,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in ZBRA. Trust Co. of Vermont increased its position in shares of Zebra Technologies by 125.0% during the 1st quarter. Trust Co. of Vermont now owns 135 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 75 shares during the period. Bessemer Group Inc. increased its position in shares of Zebra Technologies by 451.5% during the 2nd quarter. Bessemer Group Inc. now owns 182 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 149 shares during the period. Trustcore Financial Services LLC acquired a new position in shares of Zebra Technologies during the 1st quarter valued at $42,000. Huntington National Bank increased its position in shares of Zebra Technologies by 62.9% during the 1st quarter. Huntington National Bank now owns 202 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 78 shares during the period. Finally, Hall Laurie J Trustee increased its position in shares of Zebra Technologies by 32.0% during the 1st quarter. Hall Laurie J Trustee now owns 330 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 80 shares during the period. 88.25% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on ZBRA shares. BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 2nd. Zacks Investment Research cut Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Imperial Capital reiterated an “outperform” rating and set a $245.00 price target (up from $230.00) on shares of Zebra Technologies in a research report on Thursday, August 1st. ValuEngine upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, Wellington Shields cut Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Zebra Technologies currently has an average rating of “Buy” and a consensus target price of $225.43.
Shares of NASDAQ ZBRA traded down $8.82 during mid-day trading on Wednesday, reaching $199.44. The company had a trading volume of 6,983 shares, compared to its average volume of 585,738. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.99. The stock has a market capitalization of $10.93 billion, a PE ratio of 19.36 and a beta of 1.61. The business has a 50-day moving average price of $201.64. Zebra Technologies has a 1-year low of $140.95 and a 1-year high of $237.15.
Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.70 by $0.32. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.48 EPS. Sell-side analysts predict that Zebra Technologies will post 12.1 earnings per share for the current fiscal year.
In other news, CFO Olivier Leonetti sold 3,500 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $195.00, for a total value of $682,500.00. Following the completion of the sale, the chief financial officer now owns 22,387 shares of the company’s stock, valued at $4,365,465. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael H. Terzich sold 9,175 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $194.11, for a total value of $1,780,959.25. Following the completion of the sale, the senior vice president now directly owns 35,553 shares of the company’s stock, valued at approximately $6,901,192.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 65,154 shares of company stock valued at $13,170,221. 1.77% of the stock is currently owned by insiders.
Zebra Technologies Profile
Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.
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