Sheets Smith Wealth Management decreased its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 3.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,093 shares of the industrial products company’s stock after selling 120 shares during the period. Sheets Smith Wealth Management’s holdings in Zebra Technologies Corporation were worth $311,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. James Investment Research Inc. purchased a new position in shares of Zebra Technologies Corporation during the first quarter worth approximately $183,000. Boston Advisors LLC boosted its position in shares of Zebra Technologies Corporation by 441.5% in the first quarter. Boston Advisors LLC now owns 22,201 shares of the industrial products company’s stock worth $2,026,000 after buying an additional 18,101 shares in the last quarter. Palisade Capital Management LLC NJ boosted its position in shares of Zebra Technologies Corporation by 4.9% in the first quarter. Palisade Capital Management LLC NJ now owns 78,275 shares of the industrial products company’s stock worth $7,143,000 after buying an additional 3,676 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Zebra Technologies Corporation by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the industrial products company’s stock worth $1,223,000 after buying an additional 300 shares in the last quarter. Finally, Capstone Asset Management Co. boosted its position in shares of Zebra Technologies Corporation by 5.3% in the first quarter. Capstone Asset Management Co. now owns 5,602 shares of the industrial products company’s stock worth $511,000 after buying an additional 280 shares in the last quarter. 94.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Zebra Technologies Corporation (NASDAQ ZBRA) traded down 1.17% during mid-day trading on Friday, reaching $98.83. The company had a trading volume of 313,318 shares. The stock’s market capitalization is $5.21 billion. Zebra Technologies Corporation has a one year low of $50.07 and a one year high of $109.30. The firm has a 50 day moving average of $103.07 and a 200-day moving average of $93.59.
Zebra Technologies Corporation (NASDAQ:ZBRA) last released its earnings results on Tuesday, May 9th. The industrial products company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.07. The company had revenue of $865 million for the quarter, compared to the consensus estimate of $847.76 million. Zebra Technologies Corporation had a positive return on equity of 37.96% and a negative net margin of 2.98%. Zebra Technologies Corporation’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 earnings per share. Analysts forecast that Zebra Technologies Corporation will post $6.45 EPS for the current fiscal year.
A number of research analysts have recently commented on the company. ValuEngine raised Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Zebra Technologies Corporation from a “sell” rating to a “buy” rating and set a $119.00 price target on the stock in a research report on Friday, June 9th. Morgan Stanley cut Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $95.00 to $100.00 in a research report on Wednesday, May 31st. They noted that the move was a valuation call. Needham & Company LLC reaffirmed a “buy” rating and set a $107.00 price target on shares of Zebra Technologies Corporation in a research report on Monday, May 22nd. Finally, BidaskClub cut Zebra Technologies Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $92.51.
In related news, SVP Michael Cho sold 1,572 shares of Zebra Technologies Corporation stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $107.76, for a total transaction of $169,398.72. Following the transaction, the senior vice president now directly owns 10,426 shares in the company, valued at $1,123,505.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard L. Keyser sold 6,132 shares of Zebra Technologies Corporation stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $106.26, for a total value of $651,586.32. Following the transaction, the director now owns 23,632 shares in the company, valued at $2,511,136.32. The disclosure for this sale can be found here. Insiders have sold 27,602 shares of company stock worth $2,819,641 over the last quarter. 2.50% of the stock is owned by company insiders.
About Zebra Technologies Corporation
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
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