Sterling Capital Management LLC Sells 5,786 Shares of Zebra Technologies Corp. (ZBRA)
Sterling Capital Management LLC reduced its holdings in Zebra Technologies Corp. (NASDAQ:ZBRA) by 17.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 27,031 shares of the industrial products company’s stock after selling 5,786 shares during the quarter. Sterling Capital Management LLC owned approximately 0.05% of Zebra Technologies worth $2,935,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can increased its stake in Zebra Technologies by 0.9% during the 2nd quarter. Great West Life Assurance Co. Can now owns 31,898 shares of the industrial products company’s stock valued at $3,205,000 after buying an additional 297 shares during the period. Cigna Investments Inc. New acquired a new position in Zebra Technologies during the 2nd quarter valued at about $215,000. Canada Pension Plan Investment Board acquired a new position in Zebra Technologies during the 2nd quarter valued at about $2,624,000. Arizona State Retirement System increased its stake in Zebra Technologies by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 22,200 shares of the industrial products company’s stock valued at $2,232,000 after buying an additional 200 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in Zebra Technologies by 2.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 4,276 shares of the industrial products company’s stock valued at $430,000 after buying an additional 92 shares during the period. 89.68% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Michael Cho sold 1,000 shares of Zebra Technologies stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $110.15, for a total value of $110,150.00. Following the transaction, the senior vice president now owns 10,426 shares of the company’s stock, valued at $1,148,423.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Frank Blaise Modruson purchased 1,540 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $103.88 per share, for a total transaction of $159,975.20. Following the transaction, the director now owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by company insiders.
Several research firms have commented on ZBRA. BidaskClub cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday. Imperial Capital raised shares of Zebra Technologies from an “in-line” rating to an “outperform” rating and raised their target price for the company from $95.00 to $120.00 in a research note on Wednesday, November 29th. Zacks Investment Research cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Robert W. Baird reissued a “buy” rating and set a $125.00 target price on shares of Zebra Technologies in a research note on Friday, November 10th. Finally, Wellington Shields upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $114.88.
Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) opened at $101.83 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 cap of $5,539.10, a P/E ratio of 16.74, a P/E/G ratio of 2.18 and a beta of 1.59. Zebra Technologies Corp. has a fifty-two week low of $81.02 and a fifty-two week high of $117.44.
Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.73 by $0.14. The business had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $914.98 million. Zebra Technologies had a net margin of 0.82% and a return on equity of 41.17%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the company posted $1.43 earnings per share. analysts anticipate that Zebra Technologies Corp. will post 6.37 EPS for the current year.
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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