Janney Montgomery Scott LLC Buys 928 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

Janney Montgomery Scott LLC boosted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 2.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,249 shares of the industrial products company’s stock after buying an additional 928 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Zebra Technologies were worth $17,587,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ancora Advisors LLC lifted its holdings in Zebra Technologies by 47.9% during the 4th quarter. Ancora Advisors LLC now owns 71 shares of the industrial products company’s stock valued at $27,000 after buying an additional 23 shares in the last quarter. CX Institutional raised its holdings in shares of Zebra Technologies by 14.6% in the 1st quarter. CX Institutional now owns 181 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 23 shares in the last quarter. Duncker Streett & Co. Inc. raised its holdings in shares of Zebra Technologies by 0.5% in the 4th quarter. Duncker Streett & Co. Inc. now owns 5,357 shares of the industrial products company’s stock valued at $2,059,000 after purchasing an additional 29 shares in the last quarter. Corient Capital Partners LLC raised its holdings in shares of Zebra Technologies by 3.5% in the 4th quarter. Corient Capital Partners LLC now owns 1,171 shares of the industrial products company’s stock valued at $450,000 after purchasing an additional 40 shares in the last quarter. Finally, Bouvel Investment Partners LLC raised its holdings in shares of Zebra Technologies by 0.7% in the 1st quarter. Bouvel Investment Partners LLC now owns 5,833 shares of the industrial products company’s stock valued at $2,830,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 86.36% of the company’s stock.

ZBRA stock opened at $479.05 on Tuesday. The firm’s fifty day simple moving average is $488.12 and its 200-day simple moving average is $416.17. The company has a market capitalization of $25.61 billion, a P/E ratio of 52.70 and a beta of 1.54. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.79 and a quick ratio of 0.42. Zebra Technologies Co. has a 12 month low of $215.52 and a 12 month high of $518.66.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Wednesday, February 10th. The industrial products company reported $4.46 EPS for the quarter, beating the consensus estimate of $3.80 by $0.66. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. Zebra Technologies had a net margin of 11.41% and a return on equity of 34.83%. During the same period in the prior year, the firm earned $3.56 EPS. As a group, sell-side analysts forecast that Zebra Technologies Co. will post 10.36 earnings per share for the current year.

In related news, Director Michael A. Smith sold 2,000 shares of the business’s stock in a transaction on Monday, March 1st. The shares were sold at an average price of $512.00, for a total value of $1,024,000.00. Following the completion of the transaction, the director now directly owns 10,267 shares in the company, valued at approximately $5,256,704. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Anders Gustafsson sold 15,865 shares of the business’s stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $479.39, for a total transaction of $7,605,522.35. Following the completion of the transaction, the chief executive officer now owns 205,934 shares of the company’s stock, valued at $98,722,700.26. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,535 shares of company stock valued at $25,429,582. Company insiders own 2.00% of the company’s stock.

A number of brokerages have recently issued reports on ZBRA. Zacks Investment Research raised shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $574.00 price objective on the stock in a research report on Friday, February 26th. Northcoast Research raised shares of Zebra Technologies from a “neutral” rating to a “buy” rating and set a $560.00 price objective on the stock in a research report on Monday, March 29th. William Blair reissued a “market perform” rating on shares of Zebra Technologies in a research report on Friday, February 19th. Needham & Company LLC boosted their target price on shares of Zebra Technologies from $445.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, February 12th. Finally, Morgan Stanley reissued an “underweight” rating and set a $410.00 target price (up previously from $380.00) on shares of Zebra Technologies in a research report on Tuesday, April 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $411.13.

Zebra Technologies 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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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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