Wedge Capital Management L L P NC decreased its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 5.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,904 shares of the industrial products company’s stock after selling 10,412 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.37% of Zebra Technologies Corporation worth $21,163,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Advisor Group Inc. grew its position in shares of Zebra Technologies Corporation by 0.8% during the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 13 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Zebra Technologies Corporation by 3.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock valued at $189,000 after buying an additional 71 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Zebra Technologies Corporation by 2.2% during the second quarter. Teacher Retirement System of Texas now owns 4,276 shares of the industrial products company’s stock valued at $430,000 after buying an additional 92 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Zebra Technologies Corporation by 2.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,056 shares of the industrial products company’s stock valued at $554,000 after purchasing an additional 116 shares during the last quarter. Finally, World Asset Management Inc lifted its stake in shares of Zebra Technologies Corporation by 5.1% in the 2nd quarter. World Asset Management Inc now owns 3,821 shares of the industrial products company’s stock valued at $384,000 after purchasing an additional 187 shares during the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.
Zebra Technologies Corporation (ZBRA) traded up $0.05 during trading hours on Wednesday, reaching $104.99. The company’s stock had a trading volume of 345,500 shares, compared to its average volume of 336,793. Zebra Technologies Corporation has a 52 week low of $67.28 and a 52 week high of $117.44. The company has a current ratio of 1.22, a quick ratio of 0.74 and a debt-to-equity ratio of 3.01. The stock has a market cap of $5,581.65, a price-to-earnings ratio of 16.87, a P/E/G ratio of 2.21 and a beta of 1.62.
Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.14. The company had revenue of $935.00 million during the quarter, compared to analyst estimates of $914.98 million. Zebra Technologies Corporation had a return on equity of 41.17% and a net margin of 0.82%. Zebra Technologies Corporation’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 EPS. analysts anticipate that Zebra Technologies Corporation will post 6.34 earnings per share for the current year.
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Several research firms have recently issued reports on ZBRA. Northcoast Research raised Zebra Technologies Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a research note on Thursday, October 12th. Robert W. Baird restated a “buy” rating and set a $125.00 target price on shares of Zebra Technologies Corporation in a research note on Friday, November 10th. J P Morgan Chase & Co boosted their target price on Zebra Technologies Corporation to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 7th. Finally, BidaskClub downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Zebra Technologies Corporation has a consensus rating of “Buy” and an average price target of $111.75.
In related news, Director Frank Blaise Modruson purchased 1,540 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average cost of $103.88 per share, for a total transaction of $159,975.20. Following the completion of the transaction, the director now directly owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.50% of the stock is owned by corporate insiders.
About Zebra Technologies Corporation
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
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