Carnegie Capital Asset Management LLC cut its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 4.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,728 shares of the industrial products company’s stock after selling 1,846 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Zebra Technologies were worth $19,253,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. HighPoint Advisor Group LLC raised its position in Zebra Technologies by 19.7% during the 1st quarter. HighPoint Advisor Group LLC now owns 3,976 shares of the industrial products company’s stock worth $2,018,000 after buying an additional 653 shares during the last quarter. Wedge Capital Management L L P NC acquired a new stake in Zebra Technologies during the 1st quarter worth $60,098,000. Valeo Financial Advisors LLC boosted its position in shares of Zebra Technologies by 3.6% during the 1st quarter. Valeo Financial Advisors LLC now owns 5,154 shares of the industrial products company’s stock valued at $2,501,000 after acquiring an additional 180 shares during the last quarter. Huntington National Bank lifted its position in Zebra Technologies by 1,116.7% in the first quarter. Huntington National Bank now owns 73 shares of the industrial products company’s stock valued at $35,000 after buying an additional 67 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC acquired a new position in Zebra Technologies in the first quarter valued at about $938,000. 86.36% of the stock is owned by institutional investors.
Shares of ZBRA stock traded down $1.53 during mid-day trading on Monday, reaching $505.98. The stock had a trading volume of 2,033 shares, compared to its average volume of 370,339. Zebra Technologies Co. has a 12-month low of $192.42 and a 12-month high of $516.78. The company has a market cap of $27.05 billion, a P/E ratio of 55.83 and a beta of 1.54. The business has a 50-day simple moving average of $481.52 and a 200 day simple moving average of $388.20. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.55.
Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings data on Wednesday, February 10th. The industrial products company reported $4.46 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.66. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Zebra Technologies had a return on equity of 34.83% and a net margin of 11.41%. During the same quarter last year, the business posted $3.56 EPS. Research analysts anticipate that Zebra Technologies Co. will post 10.36 EPS for the current year.
In other Zebra Technologies news, SVP Michael Cho sold 337 shares of the stock in a transaction that occurred on Thursday, March 4th. The stock was sold at an average price of $495.98, for a total transaction of $167,145.26. Following the transaction, the senior vice president now owns 4,639 shares of the company’s stock, valued at approximately $2,300,851.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Anders Gustafsson sold 15,865 shares of the stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $479.39, for a total value of $7,605,522.35. Following the transaction, the chief executive officer now directly owns 205,934 shares in the company, valued at approximately $98,722,700.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,535 shares of company stock worth $25,429,582. 2.00% of the stock is currently owned by corporate insiders.
ZBRA has been the topic of a number of recent analyst reports. William Blair reaffirmed a “market perform” rating on shares of Zebra Technologies in a research report on Friday, February 19th. Zacks Investment Research upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $574.00 target price on the stock in a research note on Friday, February 26th. Morgan Stanley upped their target price on shares of Zebra Technologies from $335.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Friday, February 12th. Needham & Company LLC upped their target price on shares of Zebra Technologies from $445.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, February 12th. Finally, Northcoast Research upgraded shares of Zebra Technologies from a “neutral” rating to a “buy” rating and set a $560.00 price target on the stock in a research note on Monday, March 29th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $387.67.
Zebra Technologies Company Profile
Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers, which produce labels, wristbands, tickets, receipts, and plastic cards; RFID printers and encoders; accessories and options for its printers, including vehicle mounts and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution, as well as self-laminating wristbands for use in laser printers.
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