Pacer Advisors Inc. lowered its position in Zebra Technologies (NASDAQ:ZBRA) by 7.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,083 shares of the industrial products company’s stock after selling 1,552 shares during the period. Pacer Advisors Inc.’s holdings in Zebra Technologies were worth $4,145,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Shamrock Asset Management LLC bought a new position in Zebra Technologies in the 2nd quarter worth approximately $35,000. Bessemer Group Inc. raised its position in Zebra Technologies by 451.5% in the 2nd quarter. Bessemer Group Inc. now owns 182 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 149 shares during the last quarter. North Star Investment Management Corp. bought a new position in Zebra Technologies in the 3rd quarter worth approximately $41,000. AdvisorNet Financial Inc raised its position in Zebra Technologies by 58.1% in the 2nd quarter. AdvisorNet Financial Inc now owns 427 shares of the industrial products company’s stock worth $89,000 after purchasing an additional 157 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in Zebra Technologies in the 2nd quarter worth approximately $89,000. Institutional investors own 88.90% of the company’s stock.
In other news, CEO Anders Gustafsson sold 19,650 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $211.36, for a total value of $4,153,224.00. Following the completion of the transaction, the chief executive officer now owns 283,533 shares of the company’s stock, valued at approximately $59,927,534.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Chirantan Jitendra Desai sold 1,978 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $206.60, for a total transaction of $408,654.80. Following the completion of the transaction, the director now directly owns 5,955 shares of the company’s stock, valued at approximately $1,230,303. The disclosure for this sale can be found here. Insiders sold a total of 23,177 shares of company stock valued at $4,865,483 in the last three months. 1.77% of the stock is owned by company insiders.
Several research analysts recently weighed in on the stock. Robert W. Baird restated an “outperform” rating and issued a $235.00 price objective (down previously from $245.00) on shares of Zebra Technologies in a research report on Wednesday. Wellington Shields lowered shares of Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a report on Thursday, July 18th. ValuEngine lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Imperial Capital reaffirmed an “outperform” rating and set a $245.00 target price (up previously from $230.00) on shares of Zebra Technologies in a report on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Zebra Technologies currently has a consensus rating of “Hold” and a consensus target price of $227.00.
ZBRA opened at $194.60 on Friday. The company has a fifty day moving average price of $202.23 and a two-hundred day moving average price of $202.03. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.99. Zebra Technologies has a 52 week low of $140.95 and a 52 week high of $237.15. The firm has a market capitalization of $10.37 billion, a PE ratio of 17.22 and a beta of 1.62.
Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $2.70 by $0.32. Zebra Technologies had a net margin of 10.95% and a return on equity of 43.60%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the business earned $2.48 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities analysts forecast that Zebra Technologies will post 12.04 EPS for the current year.
About Zebra Technologies
Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.
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