Chicago Equity Partners LLC Has $6.22 Million Stake in Zebra Technologies (ZBRA)
Chicago Equity Partners LLC lessened its holdings in shares of Zebra Technologies (NASDAQ:ZBRA) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,080 shares of the industrial products company’s stock after selling 10,510 shares during the period. Chicago Equity Partners LLC owned approximately 0.07% of Zebra Technologies worth $6,223,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of ZBRA. Wells Fargo & Company MN increased its position in shares of Zebra Technologies by 65.0% in the 3rd quarter. Wells Fargo & Company MN now owns 1,526,432 shares of the industrial products company’s stock valued at $269,919,000 after acquiring an additional 601,225 shares during the period. FMR LLC increased its position in shares of Zebra Technologies by 208.6% in the 3rd quarter. FMR LLC now owns 698,886 shares of the industrial products company’s stock valued at $123,585,000 after acquiring an additional 472,441 shares during the period. Congress Asset Management Co. MA acquired a new stake in Zebra Technologies during the 4th quarter worth about $74,283,000. Scout Investments Inc. acquired a new stake in Zebra Technologies during the 4th quarter worth about $51,773,000. Finally, Vanguard Group Inc grew its position in Zebra Technologies by 5.1% during the 3rd quarter. Vanguard Group Inc now owns 5,404,969 shares of the industrial products company’s stock worth $955,760,000 after purchasing an additional 263,478 shares during the period. Hedge funds and other institutional investors own 87.40% of the company’s stock.
In other news, Director Andrew K. Ludwick sold 34,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $178.04, for a total transaction of $6,053,360.00. Following the sale, the director now directly owns 34,952 shares in the company, valued at approximately $6,222,854.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by company insiders.
Several equities research analysts have weighed in on the company. Northcoast Research set a $200.00 price target on Zebra Technologies and gave the stock a “buy” rating in a research report on Tuesday, October 16th. ValuEngine downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. BidaskClub downgraded Zebra Technologies from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 31st. Wellington Shields downgraded Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a research report on Monday, January 28th. Finally, Imperial Capital increased their price target on Zebra Technologies from $190.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, November 8th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Zebra Technologies currently has a consensus rating of “Buy” and a consensus price target of $180.22.
About Zebra Technologies
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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