Zebra Technologies Corporation (ZBRA) Holdings Raised by Janney Capital Management LLC
Janney Capital Management LLC raised its position in Zebra Technologies Corporation (NASDAQ:ZBRA) by 47.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,967 shares of the industrial products company’s stock after purchasing an additional 1,268 shares during the period. Janney Capital Management LLC’s holdings in Zebra Technologies were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. State Street Corp increased its position in shares of Zebra Technologies by 1.4% in the 2nd quarter. State Street Corp now owns 1,368,743 shares of the industrial products company’s stock valued at $137,588,000 after purchasing an additional 18,299 shares during the last quarter. Advisor Group Inc. increased its position 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 valued at $161,000 after purchasing an additional 13 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Zebra Technologies by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 77,463 shares of the industrial products company’s stock valued at $7,786,000 after purchasing an additional 1,095 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Zebra Technologies in the 2nd quarter valued at approximately $100,000. Finally, Legal & General Group Plc boosted its holdings in shares of Zebra Technologies by 23.6% in the 2nd quarter. Legal & General Group Plc now owns 43,984 shares of the industrial products company’s stock valued at $4,421,000 after buying an additional 8,404 shares in the last quarter. 89.68% of the stock is currently owned by institutional investors.
Shares of Zebra Technologies Corporation (ZBRA) opened at $107.71 on Tuesday. The firm has a market cap of $5,739.63, a price-to-earnings ratio of 17.35, a P/E/G ratio of 2.25 and a beta of 1.59. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.74 and a current ratio of 1.22. Zebra Technologies Corporation has a 52 week low of $80.61 and a 52 week high of $117.44.
Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.14. The firm 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%. Zebra Technologies’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 EPS. analysts forecast that Zebra Technologies Corporation will post 6.38 earnings per share for the current year.
Several brokerages have recently issued reports on ZBRA. Zacks Investment Research upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a report on Thursday, November 2nd. Northcoast Research upgraded shares of Zebra Technologies from a “neutral” rating to a “buy” rating in a report on Tuesday, October 31st. Imperial Capital upgraded shares of Zebra Technologies from an “in-line” rating to an “outperform” rating and upped their target price for the company from $95.00 to $120.00 in a report on Wednesday, November 29th. J P Morgan Chase & Co upped their target price on shares of Zebra Technologies to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 7th. Finally, Wellington Shields upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Zebra Technologies has an average rating of “Buy” and an average price target of $114.88.
In other news, Director Frank Blaise Modruson bought 1,540 shares of Zebra Technologies stock in a transaction dated 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 purchase, the director now owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Michael Cho sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $110.15, for a total transaction of $110,150.00. Following the completion of the sale, the senior vice president now owns 10,426 shares of the company’s stock, valued at approximately $1,148,423.90. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
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Zebra Technologies 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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