Zebra Technologies Corp. (ZBRA) Holdings Cut by Boston Partners
Boston Partners lessened its position in Zebra Technologies Corp. (NASDAQ:ZBRA) by 13.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,912 shares of the industrial products company’s stock after selling 6,572 shares during the period. Boston Partners’ holdings in Zebra Technologies were worth $4,558,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in ZBRA. Advisor Group Inc. grew its holdings in 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 acquiring an additional 13 shares during the last quarter. Zions Bancorporation bought a new stake in Zebra Technologies in the 3rd quarter worth $180,000. ARP Americas LLC bought a new stake in Zebra Technologies in the 3rd quarter worth $202,000. Stifel Financial Corp bought a new stake in Zebra Technologies in the 3rd quarter worth $239,000. Finally, USA Financial Portformulas Corp bought a new stake in Zebra Technologies in the 2nd quarter worth $266,000. 89.51% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Michael Cho sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $110.15, for a total transaction of $110,150.00. Following the sale, 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.
Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data 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. Zebra Technologies had a net margin of 0.82% and a return on equity of 41.17%. The business had revenue of $935.00 million for the quarter, compared to analyst estimates of $914.98 million. During the same quarter in the previous year, the firm posted $1.43 earnings per share. Zebra Technologies’s quarterly revenue was up 3.4% on a year-over-year basis. sell-side analysts forecast that Zebra Technologies Corp. will post 6.37 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on ZBRA shares. Zacks Investment Research raised shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a research note on Saturday, January 13th. Robert W. Baird reaffirmed a “buy” rating and set a $125.00 target price on shares of Zebra Technologies in a research note on Friday, November 10th. BidaskClub raised shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Northcoast Research raised shares of Zebra Technologies from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Wellington Shields raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $114.88.
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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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