Mason Street Advisors LLC boosted its position in shares of Zebra Technologies (NASDAQ:ZBRA) by 1.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,647 shares of the industrial products company’s stock after acquiring an additional 464 shares during the quarter. Mason Street Advisors LLC’s holdings in Zebra Technologies were worth $6,002,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of ZBRA. FMR LLC lifted its position in Zebra Technologies by 246.0% during the 4th quarter. FMR LLC now owns 2,418,244 shares of the industrial products company’s stock worth $385,057,000 after acquiring an additional 1,719,358 shares during the period. Norges Bank purchased a new position in shares of Zebra Technologies in the 4th quarter valued at about $83,320,000. Congress Asset Management Co. MA purchased a new position in shares of Zebra Technologies in the 4th quarter valued at about $74,283,000. Vanguard Group Inc increased its stake in shares of Zebra Technologies by 5.1% in the 3rd quarter. Vanguard Group Inc now owns 5,404,969 shares of the industrial products company’s stock valued at $955,760,000 after purchasing an additional 263,478 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Zebra Technologies by 896.1% in the 1st quarter. Bank of Montreal Can now owns 165,911 shares of the industrial products company’s stock valued at $34,764,000 after purchasing an additional 149,255 shares in the last quarter. Institutional investors own 88.59% of the company’s stock.
NASDAQ:ZBRA traded down $5.07 during mid-day trading on Friday, reaching $184.95. The stock had a trading volume of 3,589 shares, compared to its average volume of 637,772. The company has a market capitalization of $10.00 billion, a price-to-earnings ratio of 18.07 and a beta of 1.42. Zebra Technologies has a one year low of $136.16 and a one year high of $237.15. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.00 and a quick ratio of 0.55.
Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 30th. The industrial products company reported $2.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.88 by $0.04. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Zebra Technologies had a return on equity of 45.47% and a net margin of 9.91%. Zebra Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.56 EPS. As a group, sell-side analysts anticipate that Zebra Technologies will post 11.82 EPS for the current year.
Several equities research analysts have commented on the company. BidaskClub lowered Zebra Technologies from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 31st. Zacks Investment Research upgraded Zebra Technologies from a “hold” rating to a “strong-buy” rating and set a $230.00 price target for the company in a research report on Saturday, February 23rd. Imperial Capital reiterated an “outperform” rating and set a $225.00 price target (up previously from $195.00) on shares of Zebra Technologies in a research report on Thursday, February 21st. JPMorgan Chase & Co. upgraded Zebra Technologies to an “overweight” rating and lifted their price target for the company from $212.00 to $225.00 in a research report on Friday, March 15th. Finally, Berenberg Bank initiated coverage on Zebra Technologies in a research report on Thursday, March 7th. They set a “buy” rating and a $250.00 price target for the company. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $215.75.
In other Zebra Technologies news, SVP Bill Burns sold 4,392 shares of Zebra Technologies stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $205.35, for a total value of $901,897.20. Following the transaction, the senior vice president now directly owns 34,300 shares of the company’s stock, valued at approximately $7,043,505. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Jeffrey F. Schmitz sold 1,382 shares of Zebra Technologies stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $212.95, for a total value of $294,296.90. Following the completion of the transaction, the chief marketing officer now directly owns 10,748 shares in the company, valued at $2,288,786.60. The disclosure for this sale can be found here. Insiders sold a total of 114,894 shares of company stock valued at $23,721,363 in the last 90 days. 1.77% of the stock is currently owned by corporate insiders.
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About Zebra Technologies
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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