Nationwide Fund Advisors Raises Holdings in Zebra Technologies Corporation (ZBRA)
Nationwide Fund Advisors lifted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 43.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 254,968 shares of the industrial products company’s stock after purchasing an additional 77,845 shares during the quarter. Nationwide Fund Advisors owned 0.48% of Zebra Technologies worth $27,684,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Fieldpoint Private Securities LLC purchased a new position in Zebra Technologies during the second quarter worth about $136,000. Advisor Group Inc. boosted its holdings in shares of Zebra Technologies by 0.8% in the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 13 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Zebra Technologies by 3.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 71 shares in the last quarter. Cigna Investments Inc. New purchased a new position in shares of Zebra Technologies in the 2nd quarter worth about $215,000. Finally, Parallax Volatility Advisers L.P. boosted its holdings in shares of Zebra Technologies by 143.1% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 2,335 shares of the industrial products company’s stock worth $235,000 after purchasing an additional 7,755 shares in the last quarter. Institutional investors and hedge funds own 92.50% of the company’s stock.
Shares of Zebra Technologies Corporation (ZBRA) opened at $109.13 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.74 and a debt-to-equity ratio of 3.01. The company has a market capitalization of $5,804.52, a PE ratio of 17.55, a price-to-earnings-growth ratio of 2.28 and a beta of 1.62. Zebra Technologies Corporation has a twelve month low of $75.70 and a twelve month high of $117.44.
Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.14. The firm had revenue of $935.00 million during the quarter, compared to analyst estimates of $914.98 million. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 earnings per share. equities research analysts predict that Zebra Technologies Corporation will post 6.38 EPS for the current year.
In related news, Director Frank Blaise Modruson purchased 1,540 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the completion of the transaction, the director now owns 12,556 shares in the company, valued at approximately $1,304,317.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.40% of the company’s stock.
A number of research analysts have commented on the company. Barrington Research reaffirmed an “outperform” rating and set a $125.00 price target (up previously from $110.00) on shares of Zebra Technologies in a research report on Tuesday, August 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $118.00 price target (up previously from $107.00) on shares of Zebra Technologies in a research report on Thursday, August 10th. Robert W. Baird reissued a “buy” rating and issued a $125.00 target price on shares of Zebra Technologies in a research report on Friday, November 10th. Zacks Investment Research lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, J P Morgan Chase & Co increased their target price on Zebra Technologies to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 7th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $111.75.
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Zebra Technologies 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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