Olstein Capital Management L.P. reduced its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 40.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,610 shares of the industrial products company’s stock after selling 75,740 shares during the period. Zebra Technologies Corporation makes up 1.4% of Olstein Capital Management L.P.’s holdings, making the stock its 17th largest position. Olstein Capital Management L.P.’s holdings in Zebra Technologies Corporation were worth $11,320,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ZBRA. Meadow Creek Investment Management LLC increased its position in shares of Zebra Technologies Corporation by 3.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,312 shares of the industrial products company’s stock valued at $120,000 after buying an additional 48 shares during the period. Quantbot Technologies LP acquired a new position in shares of Zebra Technologies Corporation during the first quarter valued at approximately $140,000. Neuburgh Advisers LLC increased its position in shares of Zebra Technologies Corporation by 3.8% in the first quarter. Neuburgh Advisers LLC now owns 1,804 shares of the industrial products company’s stock valued at $165,000 after buying an additional 66 shares during the period. James Investment Research Inc. acquired a new position in shares of Zebra Technologies Corporation during the first quarter valued at approximately $183,000. Finally, Cigna Investments Inc. New acquired a new position in shares of Zebra Technologies Corporation during the second quarter valued at approximately $215,000. 94.85% of the stock is currently owned by institutional investors.

Shares of Zebra Technologies Corporation (ZBRA) opened at 103.19 on Tuesday. The firm has a 50 day moving average price of $100.76 and a 200 day moving average price of $95.58. The stock’s market capitalization is $5.48 billion. Zebra Technologies Corporation has a one year low of $62.91 and a one year high of $109.30.

Zebra Technologies Corporation (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.17. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The business had revenue of $897 million during the quarter, compared to analysts’ expectations of $876.90 million. During the same period in the previous year, the firm posted $1.34 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. Analysts predict that Zebra Technologies Corporation will post $6.63 earnings per share for the current fiscal year.

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Several equities analysts have commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $118.00 price objective (up previously from $107.00) on shares of Zebra Technologies Corporation in a research report on Thursday, August 10th. BidaskClub downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. ValuEngine raised Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Barrington Research upped their price objective on Zebra Technologies Corporation from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $96.19.

In other news, Director Richard L. Keyser sold 6,132 shares of Zebra Technologies Corporation stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $106.26, for a total value of $651,586.32. Following the completion of the sale, the director now directly owns 23,632 shares of the company’s stock, valued at $2,511,136.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael Cho sold 1,572 shares of Zebra Technologies Corporation stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $107.76, for a total value of $169,398.72. Following the completion of the sale, the senior vice president now directly owns 10,426 shares of the company’s stock, valued at $1,123,505.76. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock valued at $1,012,211 over the last ninety days. Insiders own 2.50% of the company’s stock.

Zebra Technologies Corporation 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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Institutional Ownership by Quarter for Zebra Technologies Corporation (NASDAQ:ZBRA)

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