Retirement Systems of Alabama increased its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,525 shares of the industrial products company’s stock after purchasing an additional 504 shares during the period. Retirement Systems of Alabama owned 0.13% of Zebra Technologies Corporation worth $7,440,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of ZBRA. Penserra Capital Management LLC acquired a new stake in Zebra Technologies Corporation during the 2nd quarter worth $100,000. Fieldpoint Private Securities LLC acquired a new stake in Zebra Technologies Corporation during the 2nd quarter worth $136,000. Advisor Group Inc. boosted its stake in Zebra Technologies Corporation by 0.8% during the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 13 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Zebra Technologies Corporation by 3.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 71 shares during the period. Finally, ARP Americas LLC acquired a new stake in Zebra Technologies Corporation during the 3rd quarter worth $202,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.
In related news, Director Frank Blaise Modruson acquired 1,540 shares of Zebra Technologies Corporation stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the completion of the purchase, the director now directly owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by company insiders.
A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Robert W. Baird reiterated a “buy” rating and set a $125.00 price target on shares of Zebra Technologies Corporation in a research note on Friday, November 10th. Wellington Shields upgraded shares of Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. J P Morgan Chase & Co increased their price target on shares of Zebra Technologies Corporation to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 7th. Finally, Northcoast Research upgraded shares of Zebra Technologies Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $111.75.
Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) opened at $108.76 on Monday. Zebra Technologies Corporation has a 52 week low of $72.73 and a 52 week high of $117.44. The company has a market cap of $5,784.83, a price-to-earnings ratio of 17.49, a PEG ratio of 2.27 and a beta of 1.62. The company has a quick ratio of 0.74, a current ratio of 1.22 and a debt-to-equity ratio of 3.01.
Zebra Technologies Corporation (NASDAQ:ZBRA) last released its earnings results on Tuesday, November 7th. The industrial products company reported $1.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.14. Zebra Technologies Corporation had a net margin of 0.82% and a return on equity of 41.17%. The company had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $914.98 million. During the same quarter last year, the business earned $1.43 EPS. The business’s revenue was up 3.4% on a year-over-year basis. equities research analysts expect that Zebra Technologies Corporation will post 6.38 earnings per share for the current fiscal year.
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Zebra Technologies Corporation Profile
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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