Macquarie Group Ltd. Has $55.74 Million Position in Zebra Technologies Corporation (ZBRA)
Macquarie Group Ltd. raised its stake in Zebra Technologies Corporation (NASDAQ:ZBRA) by 2.6% during the first quarter, Holdings Channel reports. The institutional investor owned 610,812 shares of the industrial products company’s stock after buying an additional 15,573 shares during the period. Macquarie Group Ltd.’s holdings in Zebra Technologies Corporation were worth $55,737,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Zebra Technologies Corporation during the fourth quarter valued at $11,530,000. State Board of Administration of Florida Retirement System boosted its position in Zebra Technologies Corporation by 1.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 69,929 shares of the industrial products company’s stock valued at $5,997,000 after buying an additional 899 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Zebra Technologies Corporation by 36.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 380,883 shares of the industrial products company’s stock valued at $32,665,000 after buying an additional 102,007 shares in the last quarter. FMR LLC boosted its position in Zebra Technologies Corporation by 267.4% in the fourth quarter. FMR LLC now owns 287,321 shares of the industrial products company’s stock valued at $24,641,000 after buying an additional 209,121 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in Zebra Technologies Corporation during the fourth quarter valued at $163,000. Hedge funds and other institutional investors own 95.08% of the company’s stock.
Zebra Technologies Corporation (NASDAQ ZBRA) traded down 0.07% during mid-day trading on Thursday, reaching $105.08. The company had a trading volume of 320,812 shares. The firm’s market capitalization is $5.54 billion. The stock’s 50-day moving average price is $102.32 and its 200 day moving average price is $91.18. Zebra Technologies Corporation has a 52 week low of $46.13 and a 52 week high of $109.30.
Zebra Technologies Corporation (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.07. Zebra Technologies Corporation had a positive return on equity of 37.96% and a negative net margin of 2.98%. The company had revenue of $865 million during the quarter, compared to analysts’ expectations of $847.76 million. During the same quarter in the previous year, the firm posted $1.01 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, equities research analysts predict that Zebra Technologies Corporation will post $6.48 EPS for the current year.
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ZBRA has been the subject of several recent analyst reports. Imperial Capital restated an “in-line” rating and issued a $95.00 price target (up previously from $86.00) on shares of Zebra Technologies Corporation in a research note on Monday, February 27th. Zacks Investment Research upgraded Zebra Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, February 28th. Needham & Company LLC initiated coverage on Zebra Technologies Corporation in a research note on Tuesday, March 28th. They issued a “buy” rating and a $102.00 price target for the company. Wells Fargo & Company cut Zebra Technologies Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 10th. Finally, Barrington Research boosted their price target on Zebra Technologies Corporation from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $92.62.
In other Zebra Technologies Corporation news, SVP Hugh K. Gagnier sold 9,388 shares of Zebra Technologies Corporation stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $100.42, for a total transaction of $942,742.96. Following the completion of the transaction, the senior vice president now owns 48,460 shares in the company, valued at approximately $4,866,353.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael Cho sold 1,572 shares of Zebra Technologies Corporation stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $107.76, for a total value of $169,398.72. Following the transaction, the senior vice president now owns 10,426 shares of the company’s stock, valued at approximately $1,123,505.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,602 shares of company stock valued at $2,819,641. 2.50% of the stock is currently owned by insiders.
About Zebra Technologies Corporation
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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