Zebra Technologies Corporation (ZBRA) Shares Sold by Makaira Partners LLC
Makaira Partners LLC trimmed its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA) by 0.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,203,180 shares of the industrial products company’s stock after selling 7,706 shares during the quarter. Zebra Technologies comprises 17.0% of Makaira Partners LLC’s portfolio, making the stock its 2nd biggest holding. Makaira Partners LLC owned about 2.26% of Zebra Technologies worth $130,641,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in ZBRA. BlackRock Inc. raised its holdings in Zebra Technologies by 16.8% during the 2nd quarter. BlackRock Inc. now owns 4,838,648 shares of the industrial products company’s stock worth $486,381,000 after purchasing an additional 695,821 shares during the last quarter. Vanguard Group Inc. raised its holdings in Zebra Technologies by 10.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,545,495 shares of the industrial products company’s stock worth $456,913,000 after purchasing an additional 428,836 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Zebra Technologies by 22.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,812,341 shares of the industrial products company’s stock worth $196,784,000 after purchasing an additional 326,583 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Zebra Technologies during the 2nd quarter worth about $157,116,000. Finally, State Street Corp raised its holdings in Zebra Technologies by 1.4% during the 2nd quarter. State Street Corp now owns 1,368,743 shares of the industrial products company’s stock worth $137,588,000 after purchasing an additional 18,299 shares during the last quarter. 89.68% of the stock is owned by institutional investors and hedge funds.
Shares of Zebra Technologies Corporation (NASDAQ ZBRA) opened at $107.91 on Monday. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.22 and a quick ratio of 0.74. The company has a market capitalization of $5,739.63, a PE ratio of 17.35, a PEG ratio of 2.25 and a beta of 1.59. Zebra Technologies Corporation has a 52 week low of $80.61 and a 52 week high of $117.44.
Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.14. The company had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $914.98 million. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. Zebra Technologies’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 EPS. sell-side analysts predict that Zebra Technologies Corporation will post 6.38 earnings per share for the current year.
In related news, Director Frank Blaise Modruson purchased 1,540 shares of the stock in a transaction dated Thursday, November 9th. The stock was bought at an average cost of $103.88 per share, with a total value of $159,975.20. Following the purchase, the director now directly 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 available at the SEC website. Also, SVP Michael Cho sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $110.15, for a total value of $110,150.00. Following the completion of the sale, the senior vice president now directly owns 10,426 shares of the company’s stock, valued at $1,148,423.90. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
ZBRA has been the subject of several recent research reports. Zacks Investment Research raised Zebra Technologies from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a report on Thursday, October 12th. Northcoast Research raised Zebra Technologies from a “neutral” rating to a “buy” rating in a report on Tuesday, October 31st. Robert W. Baird reissued a “buy” rating and set a $125.00 price objective on shares of Zebra Technologies in a report on Friday, November 10th. Wellington Shields raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. Finally, Barrington Research reissued an “outperform” rating and set a $125.00 price objective (up from $110.00) on shares of Zebra Technologies in a report on Tuesday, August 15th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Zebra Technologies currently has a consensus rating of “Buy” and an average price target of $114.88.
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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