James Investment Research Inc. decreased its position in Zebra Technologies (NASDAQ:ZBRA) by 16.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,745 shares of the industrial products company’s stock after selling 2,595 shares during the quarter. James Investment Research Inc.’s holdings in Zebra Technologies were worth $2,253,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Russell Investments Group Ltd. raised its holdings in Zebra Technologies by 52.8% in the third quarter. Russell Investments Group Ltd. now owns 87,285 shares of the industrial products company’s stock valued at $15,504,000 after acquiring an additional 30,178 shares in the last quarter. Alps Advisors Inc. acquired a new stake in Zebra Technologies during the third quarter worth approximately $483,000. Robeco Institutional Asset Management B.V. acquired a new stake in Zebra Technologies during the third quarter worth approximately $1,406,000. Palo Capital Inc. raised its holdings in Zebra Technologies by 272.8% during the third quarter. Palo Capital Inc. now owns 17,319 shares of the industrial products company’s stock worth $3,063,000 after purchasing an additional 12,673 shares in the last quarter. Finally, ARP Americas LP raised its holdings in Zebra Technologies by 62.5% during the third quarter. ARP Americas LP now owns 5,200 shares of the industrial products company’s stock worth $920,000 after purchasing an additional 2,000 shares in the last quarter. 86.84% of the stock is currently owned by hedge funds and other institutional investors.
ZBRA stock opened at $163.42 on Wednesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.64 and a current ratio of 1.09. Zebra Technologies has a twelve month low of $101.49 and a twelve month high of $179.47. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 25.53 and a beta of 1.59.
A number of analysts have weighed in on ZBRA shares. BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 14th. Needham & Company LLC raised their price objective on shares of Zebra Technologies from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Thursday, August 16th. Northcoast Research set a $200.00 price objective on shares of Zebra Technologies and gave the stock a “buy” rating in a report on Tuesday, August 7th. JPMorgan Chase & Co. set a $170.00 price objective on shares of Zebra Technologies and gave the stock a “buy” rating in a report on Monday, August 6th. Finally, Morgan Stanley raised their price objective on shares of Zebra Technologies from $135.00 to $160.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $166.22.
In other news, SVP Michael H. Terzich sold 3,097 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $162.16, for a total transaction of $502,209.52. Following the transaction, the senior vice president now directly owns 31,193 shares in the company, valued at $5,058,256.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Andrew K. Ludwick sold 5,192 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $162.14, for a total transaction of $841,830.88. Following the transaction, the director now owns 40,508 shares in the company, valued at $6,567,967.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,538 shares of company stock worth $9,817,605. Insiders own 2.30% of the company’s stock.
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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