Zebra Technologies (ZBRA) Position Trimmed by Royce & Associates LP
Royce & Associates LP decreased its holdings in shares of Zebra Technologies (NASDAQ:ZBRA) by 83.8% in the 4th quarter, Holdings Channel reports. The firm owned 1,810 shares of the industrial products company’s stock after selling 9,340 shares during the quarter. Royce & Associates LP’s holdings in Zebra Technologies were worth $288,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. Oppenheimer & Co. Inc. purchased a new stake in Zebra Technologies in the fourth quarter valued at approximately $812,000. LPL Financial LLC lifted its stake in Zebra Technologies by 23.3% in the third quarter. LPL Financial LLC now owns 3,533 shares of the industrial products company’s stock valued at $625,000 after buying an additional 668 shares during the last quarter. Robecosam AG lifted its stake in Zebra Technologies by 7.9% in the fourth quarter. Robecosam AG now owns 11,022 shares of the industrial products company’s stock valued at $1,719,000 after buying an additional 806 shares during the last quarter. Nordea Investment Management AB lifted its stake in Zebra Technologies by 31.5% in the third quarter. Nordea Investment Management AB now owns 28,990 shares of the industrial products company’s stock valued at $5,125,000 after buying an additional 6,947 shares during the last quarter. Finally, MAI Capital Management purchased a new stake in Zebra Technologies in the fourth quarter valued at approximately $582,000. Hedge funds and other institutional investors own 86.68% of the company’s stock.
A number of equities research analysts have weighed in on the company. BidaskClub cut Zebra Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 31st. ValuEngine cut Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Zacks Investment Research cut Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 12th. Imperial Capital reiterated an “outperform” rating and issued a $225.00 price objective (up previously from $195.00) on shares of Zebra Technologies in a research note on Thursday, February 21st. Finally, JPMorgan Chase & Co. upgraded Zebra Technologies to an “overweight” rating and boosted their price objective for the company from $212.00 to $225.00 in a research note on Friday. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $215.00.
Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 14th. The industrial products company reported $3.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.26. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. Zebra Technologies had a return on equity of 48.26% and a net margin of 9.98%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 earnings per share. Equities analysts predict that Zebra Technologies will post 11.73 earnings per share for the current year.
In other news, CMO Jeffrey F. Schmitz sold 1,382 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $212.95, for a total value of $294,296.90. Following the transaction, the chief marketing officer now owns 10,748 shares of the company’s stock, valued at $2,288,786.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard L. Keyser sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $210.96, for a total value of $2,004,120.00. Following the completion of the transaction, the director now directly owns 46,916 shares in the company, valued at approximately $9,897,399.36. The disclosure for this sale can be found here. In the last three months, insiders sold 114,894 shares of company stock worth $23,721,363. Corporate insiders own 2.30% of the company’s stock.
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Zebra Technologies Company 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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