Flinton Capital Management LLC Grows Position in Zebra Technologies Corporation (ZBRA)
Flinton Capital Management LLC increased its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 237.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,418 shares of the industrial products company’s stock after buying an additional 6,630 shares during the quarter. Flinton Capital Management LLC’s holdings in Zebra Technologies Corporation were worth $947,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. Penserra Capital Management LLC acquired a new stake in Zebra Technologies Corporation during the 2nd quarter worth approximately $100,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Zebra Technologies Corporation in the 2nd quarter valued at approximately $136,000. Quantbot Technologies LP acquired a new stake in shares of Zebra Technologies Corporation in the 1st quarter valued at approximately $140,000. Advisor Group Inc. lifted its holdings in shares of Zebra Technologies Corporation by 0.8% in the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock valued at $161,000 after buying an additional 13 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Zebra Technologies Corporation by 3.9% in the 2nd 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 period. Hedge funds and other institutional investors own 89.98% of the company’s stock.
ZBRA has been the subject of several research analyst reports. Zacks Investment Research downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. BidaskClub downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $118.00 price objective (up from $107.00) on shares of Zebra Technologies Corporation in a research note on Thursday, August 10th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $125.00 price objective (up from $110.00) on shares of Zebra Technologies Corporation in a research note on Tuesday, August 15th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Zebra Technologies Corporation currently has an average rating of “Hold” and an average target price of $101.17.
Zebra Technologies Corporation (ZBRA) opened at 110.76 on Friday. The firm’s 50-day moving average price is $105.29 and its 200 day moving average price is $100.36. Zebra Technologies Corporation has a 52-week low of $62.91 and a 52-week high of $112.53. The stock’s market cap is $5.88 billion.
Zebra Technologies Corporation (NASDAQ:ZBRA) last released its earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17. The firm had revenue of $897.00 million during the quarter, compared to the consensus estimate of $876.90 million. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. Equities analysts predict that Zebra Technologies Corporation will post $6.67 earnings per share for the current year.
In other news, SVP Hugh K. Gagnier sold 20,682 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $106.42, for a total transaction of $2,200,978.44. Following the completion of the sale, the senior vice president now owns 39,072 shares in the company, valued at approximately $4,158,042.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Anders Gustafsson sold 25,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $106.04, for a total value of $2,651,000.00. Following the sale, the chief executive officer now owns 295,116 shares of the company’s stock, valued at approximately $31,294,100.64. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by corporate insiders.
Zebra Technologies Corporation Company Profile
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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