GW&K Investment Management LLC grew its stake in Zebra Technologies (NASDAQ:ZBRA) by 14.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,401 shares of the industrial products company’s stock after purchasing an additional 34,987 shares during the quarter. Zebra Technologies makes up approximately 0.8% of GW&K Investment Management LLC’s investment portfolio, making the stock its 21st largest holding. GW&K Investment Management LLC owned approximately 0.51% of Zebra Technologies worth $56,628,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Squar Milner Financial Services LLC increased its position in Zebra Technologies by 479.3% during the third quarter. Squar Milner Financial Services LLC now owns 168 shares of the industrial products company’s stock worth $34,000 after acquiring an additional 139 shares during the period. Shamrock Asset Management LLC acquired a new stake in Zebra Technologies during the second quarter worth about $35,000. Bessemer Group Inc. grew its stake in Zebra Technologies by 451.5% during the second quarter. Bessemer Group Inc. now owns 182 shares of the industrial products company’s stock worth $38,000 after buying an additional 149 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in Zebra Technologies during the third quarter worth about $41,000. Finally, Quadrant Capital Group LLC grew its stake in Zebra Technologies by 284.2% during the third quarter. Quadrant Capital Group LLC now owns 292 shares of the industrial products company’s stock worth $58,000 after buying an additional 216 shares in the last quarter. 88.42% of the stock is currently owned by institutional investors.
In related news, Director Chirantan Jitendra Desai sold 1,978 shares of Zebra Technologies stock in a transaction on Monday, August 19th. The shares were sold at an average price of $206.60, for a total value of $408,654.80. Following the completion of the sale, the director now owns 5,955 shares of the company’s stock, valued at approximately $1,230,303. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Olivier Leonetti sold 1,817 shares of Zebra Technologies stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $238.69, for a total transaction of $433,699.73. Following the completion of the sale, the chief financial officer now directly owns 16,142 shares of the company’s stock, valued at approximately $3,852,933.98. The disclosure for this sale can be found here. In the last three months, insiders sold 48,240 shares of company stock valued at $11,389,244. 1.77% of the stock is currently owned by insiders.
Shares of ZBRA traded up $1.40 during mid-day trading on Friday, reaching $241.86. The company had a trading volume of 223,700 shares, compared to its average volume of 532,584. The company’s 50 day simple moving average is $211.74 and its 200 day simple moving average is $201.93. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 23.64 and a beta of 1.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.58 and a current ratio of 0.94. Zebra Technologies has a 1-year low of $140.95 and a 1-year high of $248.83.
Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.15. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.14 billion. Zebra Technologies had a net margin of 11.06% and a return on equity of 42.17%. Zebra Technologies’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.88 EPS. As a group, equities analysts forecast that Zebra Technologies will post 12.16 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Needham & Company LLC increased their price objective on shares of Zebra Technologies from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Imperial Capital reiterated an “outperform” rating and set a $265.00 price objective (up from $245.00) on shares of Zebra Technologies in a research note on Thursday, October 31st. Robert W. Baird increased their price objective on shares of Zebra Technologies from $235.00 to $270.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Zacks Investment Research upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Finally, Wellington Shields downgraded shares of Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research note on Thursday, July 18th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $245.63.
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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