Raymond James Trust N.A. cut its holdings in Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 873 shares of the industrial products company’s stock after selling 57 shares during the quarter. Raymond James Trust N.A.’s holdings in Zebra Technologies were worth $224,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of ZBRA. Macquarie Group Ltd. grew its position in shares of Zebra Technologies by 982.5% in the 3rd quarter. Macquarie Group Ltd. now owns 330,607 shares of the industrial products company’s stock worth $86,622,000 after buying an additional 300,065 shares during the period. Brandywine Global Investment Management LLC purchased a new stake in shares of Zebra Technologies in the 3rd quarter worth about $32,353,000. Renaissance Technologies LLC grew its position in shares of Zebra Technologies by 68.8% in the 1st quarter. Renaissance Technologies LLC now owns 190,131 shares of the industrial products company’s stock worth $78,657,000 after buying an additional 77,500 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Zebra Technologies by 360.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 98,297 shares of the industrial products company’s stock worth $25,889,000 after buying an additional 76,944 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Zebra Technologies in the 4th quarter worth about $18,752,000. 85.16% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Zebra Technologies
In other news, insider Michael Cho sold 1,600 shares of the stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $292.38, for a total value of $467,808.00. Following the transaction, the insider now owns 3,168 shares in the company, valued at approximately $926,259.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.06% of the company’s stock.
Zebra Technologies Price Performance
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last posted its earnings results on Thursday, February 16th. The industrial products company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.59 by $0.16. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Zebra Technologies had a net margin of 8.01% and a return on equity of 31.19%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.21 EPS. As a group, analysts predict that Zebra Technologies Co. will post 16.02 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on ZBRA. TD Cowen initiated coverage on shares of Zebra Technologies in a research report on Thursday, March 30th. They issued an “outperform” rating and a $375.00 target price on the stock. StockNews.com initiated coverage on shares of Zebra Technologies in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Needham & Company LLC increased their price objective on shares of Zebra Technologies from $330.00 to $385.00 and gave the company a “buy” rating in a research report on Friday, February 17th. Credit Suisse Group raised shares of Zebra Technologies from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $311.00 to $326.00 in a research report on Monday. Finally, Stephens increased their price objective on shares of Zebra Technologies from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, February 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies presently has an average rating of “Moderate Buy” and an average target price of $358.00.
Zebra Technologies Profile
Zebra Technologies Corp. engages in the design, manufacture, and sale of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.
Further Reading
- Get a free copy of the StockNews.com research report on Zebra Technologies (ZBRA)
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