Northern Trust Corp increased its holdings in shares of Zebra Technologies (NASDAQ:ZBRA) by 4.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 454,709 shares of the industrial products company’s stock after acquiring an additional 17,337 shares during the period. Northern Trust Corp’s holdings in Zebra Technologies were worth $95,276,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Metropolitan Life Insurance Co. NY lifted its holdings in Zebra Technologies by 0.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 18,142 shares of the industrial products company’s stock valued at $2,889,000 after purchasing an additional 54 shares in the last quarter. Norges Bank purchased a new position in Zebra Technologies in the 4th quarter valued at $83,320,000. Public Employees Retirement System of Ohio lifted its holdings in Zebra Technologies by 2.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 313,960 shares of the industrial products company’s stock valued at $49,992,000 after purchasing an additional 8,487 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Zebra Technologies in the 1st quarter valued at $214,000. Finally, BlackRock Inc. lifted its holdings in Zebra Technologies by 1.3% in the 4th quarter. BlackRock Inc. now owns 4,851,336 shares of the industrial products company’s stock valued at $772,479,000 after purchasing an additional 61,418 shares in the last quarter. Hedge funds and other institutional investors own 87.33% of the company’s stock.

Shares of ZBRA opened at $190.81 on Friday. Zebra Technologies has a 52-week low of $136.16 and a 52-week high of $237.15. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 17.98 and a beta of 1.53. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.00 and a quick ratio of 0.55.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.04. Zebra Technologies had a return on equity of 45.47% and a net margin of 9.91%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the company earned $2.56 EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, sell-side analysts forecast that Zebra Technologies will post 11.82 EPS for the current fiscal year.

A number of research analysts have weighed in on the company. Zacks Investment Research upgraded Zebra Technologies from a “hold” rating to a “buy” rating and set a $231.00 price objective on the stock in a report on Saturday, May 11th. BidaskClub raised Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. ValuEngine downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Wellington Shields raised Zebra Technologies from a “gradually accumulate” rating to a “buy” rating in a research note on Thursday, May 30th. Finally, Berenberg Bank initiated coverage on Zebra Technologies in a research note on Thursday, March 7th. They issued a “buy” rating and a $250.00 target price for the company. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $213.75.

In related news, SVP Michael H. Terzich sold 9,175 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $194.11, for a total transaction of $1,780,959.25. Following the completion of the sale, the senior vice president now directly owns 35,553 shares of the company’s stock, valued at approximately $6,901,192.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Olivier Leonetti sold 3,500 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $195.00, for a total value of $682,500.00. Following the sale, the chief financial officer now directly owns 22,387 shares of the company’s stock, valued at $4,365,465. The disclosure for this sale can be found here. 1.77% of the stock is owned by company insiders.

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Zebra Technologies Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

Further Reading: Derivative

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

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