Mackay Shields LLC lessened its holdings in Zebra Technologies (NASDAQ:ZBRA) by 34.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 62,352 shares of the industrial products company’s stock after selling 32,483 shares during the quarter. Mackay Shields LLC’s holdings in Zebra Technologies were worth $9,928,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Hanseatic Management Services Inc. boosted its holdings in Zebra Technologies by 3.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 5,050 shares of the industrial products company’s stock worth $804,000 after acquiring an additional 162 shares in the last quarter. Comerica Securities Inc. lifted its holdings in shares of Zebra Technologies by 13.0% during the fourth quarter. Comerica Securities Inc. now owns 1,437 shares of the industrial products company’s stock worth $229,000 after purchasing an additional 165 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Zebra Technologies by 4.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,436 shares of the industrial products company’s stock worth $706,000 after purchasing an additional 175 shares during the period. PRW Wealth Management LLC acquired a new stake in shares of Zebra Technologies during the fourth quarter worth about $29,000. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Zebra Technologies by 1.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,172 shares of the industrial products company’s stock worth $3,371,000 after purchasing an additional 211 shares during the period. 86.68% of the stock is owned by institutional investors and hedge funds.

In other Zebra Technologies news, SVP Bill Burns sold 2,297 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $212.41, for a total value of $487,905.77. Following the completion of the transaction, the senior vice president now directly owns 33,536 shares of the company’s stock, valued at $7,123,381.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael A. Smith sold 13,310 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $201.91, for a total value of $2,687,422.10. Following the completion of the transaction, the director now directly owns 60,929 shares of the company’s stock, valued at $12,302,174.39. The disclosure for this sale can be found here. Insiders sold 114,894 shares of company stock valued at $23,721,363 over the last three months. 2.30% of the stock is currently owned by corporate insiders.

A number of research firms recently commented on ZBRA. BidaskClub downgraded Zebra Technologies from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 31st. ValuEngine downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Zacks Investment Research downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 12th. Imperial Capital reaffirmed an “outperform” rating and set a $225.00 target price (up previously from $195.00) on shares of Zebra Technologies in a report on Thursday, February 21st. Finally, JPMorgan Chase & Co. raised Zebra Technologies to an “overweight” rating and lifted their target price for the stock from $212.00 to $225.00 in a report on Friday. One research analyst has rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $215.00.

Zebra Technologies stock opened at $211.40 on Friday. Zebra Technologies has a 52 week low of $130.79 and a 52 week high of $216.78. The stock has a market cap of $11.39 billion, a P/E ratio of 20.66 and a beta of 1.45. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.89 and a quick ratio of 0.49.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Thursday, February 14th. The industrial products company reported $3.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.26. Zebra Technologies had a return on equity of 48.26% and a net margin of 9.98%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the company posted $2.33 earnings per share. Zebra Technologies’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities analysts anticipate that Zebra Technologies will post 11.73 EPS for the current fiscal year.

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Zebra Technologies Company 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.

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

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