HighTower Advisors LLC Lowers Holdings in Zebra Technologies (NASDAQ:ZBRA)
HighTower Advisors LLC trimmed its position in Zebra Technologies (NASDAQ:ZBRA) by 30.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,895 shares of the industrial products company’s stock after selling 4,715 shares during the quarter. HighTower Advisors LLC’s holdings in Zebra Technologies were worth $2,008,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Townsquare Capital LLC grew its holdings in Zebra Technologies by 3.6% during the first quarter. Townsquare Capital LLC now owns 15,272 shares of the industrial products company’s stock worth $3,445,000 after acquiring an additional 528 shares during the period. Capital Asset Advisory Services LLC grew its holdings in Zebra Technologies by 43.8% during the first quarter. Capital Asset Advisory Services LLC now owns 1,819 shares of the industrial products company’s stock worth $406,000 after acquiring an additional 554 shares during the period. Advisor Group Holdings Inc. acquired a new stake in Zebra Technologies during the first quarter worth about $4,463,000. Cooper Financial Group grew its holdings in Zebra Technologies by 3.8% during the first quarter. Cooper Financial Group now owns 1,821 shares of the industrial products company’s stock worth $334,000 after acquiring an additional 67 shares during the period. Finally, Meeder Asset Management Inc. grew its holdings in Zebra Technologies by 34.6% during the first quarter. Meeder Asset Management Inc. now owns 5,316 shares of the industrial products company’s stock worth $975,000 after acquiring an additional 1,367 shares during the period. Hedge funds and other institutional investors own 87.56% of the company’s stock.
In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 3,628 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $258.48, for a total transaction of $937,765.44. Following the completion of the sale, the chief accounting officer now owns 2,801 shares of the company’s stock, valued at $724,002.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard L. Keyser sold 3,502 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $272.57, for a total value of $954,540.14. Following the sale, the director now directly owns 13,756 shares of the company’s stock, valued at approximately $3,749,472.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,588 shares of company stock worth $6,617,390. 2.00% of the stock is currently owned by company insiders.
Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $2.67 EPS for the quarter, topping the Zacks’ consensus estimate of $2.64 by $0.03. Zebra Technologies had a return on equity of 38.08% and a net margin of 11.59%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the business posted $2.92 earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. On average, analysts predict that Zebra Technologies will post 9.59 EPS for the current fiscal year.
Several analysts recently commented on the company. Robert W. Baird raised their target price on Zebra Technologies from $202.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Morgan Stanley raised their target price on Zebra Technologies from $203.00 to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. downgraded Zebra Technologies from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $245.00 to $250.00 in a research report on Thursday, April 30th. They noted that the move was a valuation call. Northcoast Research downgraded Zebra Technologies from a “buy” rating to a “neutral” rating and set a $240.00 price target on the stock. in a research report on Thursday, April 30th. Finally, Imperial Capital lowered their price target on Zebra Technologies from $265.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $238.14.
About Zebra Technologies
Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.
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