New South Capital Management Inc. Sells 117,202 Shares of Zebra Technologies Corporation $ZBRA

New South Capital Management Inc. lessened its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA) by 28.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 295,792 shares of the industrial products company’s stock after selling 117,202 shares during the period. Zebra Technologies makes up 7.5% of New South Capital Management Inc.’s investment portfolio, making the stock its 3rd largest position. New South Capital Management Inc. owned 0.62% of Zebra Technologies worth $110,422,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in shares of Zebra Technologies by 37.0% during the first quarter. Dimensional Fund Advisors LP now owns 686,335 shares of the industrial products company’s stock worth $143,473,000 after buying an additional 185,387 shares during the period. Lazard Asset Management LLC raised its holdings in shares of Zebra Technologies by 3.4% in the 1st quarter. Lazard Asset Management LLC now owns 623,965 shares of the industrial products company’s stock valued at $130,459,000 after buying an additional 20,567 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Zebra Technologies by 0.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 613,319 shares of the industrial products company’s stock valued at $228,958,000 after buying an additional 1,956 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Zebra Technologies by 111.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 500,628 shares of the industrial products company’s stock valued at $104,671,000 after buying an additional 264,015 shares during the period. Finally, Bank of America Corp DE lifted its stake in Zebra Technologies by 22.9% during the 1st quarter. Bank of America Corp DE now owns 291,031 shares of the industrial products company’s stock worth $60,849,000 after acquiring an additional 54,222 shares in the last quarter. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ZBRA shares. Needham & Company LLC lifted their target price on Zebra Technologies from $410.00 to $435.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. KeyCorp increased their price target on shares of Zebra Technologies from $305.00 to $430.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Jefferies Financial Group began coverage on shares of Zebra Technologies in a research note on Wednesday. They issued a “buy” rating and a $382.00 price objective for the company. Weiss Ratings raised shares of Zebra Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Finally, Citigroup dropped their price objective on shares of Zebra Technologies from $400.00 to $398.00 and set a “neutral” rating for the company in a report on Wednesday, November 4th. Eleven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $388.15.

Zebra Technologies Stock Performance

Shares of ZBRA stock opened at $327.44 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.36 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average price of $363.04 and a 200 day moving average price of $283.61. The company has a market cap of $15.60 billion, a P/E ratio of 26.43 and a beta of 1.61. Zebra Technologies Corporation has a 12 month low of $199.05 and a 12 month high of $392.78.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, November 3rd. The industrial products company reported $4.95 EPS for the quarter, beating the consensus estimate of $4.89 by $0.06. Zebra Technologies had a return on equity of 23.94% and a net margin of 9.80%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the company posted $3.88 earnings per share. Zebra Technologies’s revenue for the quarter was up 22.3% compared to the same quarter last year. Sell-side analysts predict that Zebra Technologies Corporation will post 18.16 earnings per share for the current fiscal year.

Zebra Technologies Profile

Zebra Technologies provides digital solutions that help organizations identify, track and manage assets, people and transactions. Its products include barcode and label printers, mobile computers, barcode scanners, RFID readers and machine-vision systems, along with software and services that connect these tools to business operations. The company serves customers in industries including retail, manufacturing, transportation and logistics, healthcare and government. Its technology supports tasks such as inventory management, order fulfillment, asset tracking and frontline workforce operations across global markets.