Tocqueville Asset Management L.P. Increases Stake in Zebra Technologies Corp. (ZBRA)
Tocqueville Asset Management L.P. raised its stake in shares of Zebra Technologies Corp. (NASDAQ:ZBRA) by 14.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,310 shares of the company’s stock after buying an additional 18,285 shares during the period. Tocqueville Asset Management L.P.’s holdings in Zebra Technologies Corp. were worth $7,130,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of ZBRA. LS Investment Advisors LLC raised its stake in Zebra Technologies Corp. by 71.0% in the second quarter. LS Investment Advisors LLC now owns 3,160 shares of the company’s stock valued at $158,000 after buying an additional 1,312 shares during the last quarter. LaSalle Street Capital Management LLC raised its stake in Zebra Technologies Corp. by 3.5% in the second quarter. LaSalle Street Capital Management LLC now owns 4,507 shares of the company’s stock valued at $226,000 after buying an additional 152 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Zebra Technologies Corp. during the first quarter valued at approximately $324,000. IBM Retirement Fund raised its stake in Zebra Technologies Corp. by 0.8% in the second quarter. IBM Retirement Fund now owns 5,236 shares of the company’s stock valued at $262,000 after buying an additional 43 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Zebra Technologies Corp. during the second quarter valued at approximately $276,000.
Zebra Technologies Corp. (NASDAQ:ZBRA) traded up 0.38% on Tuesday, hitting $65.53. 122,335 shares of the company traded hands. Zebra Technologies Corp. has a 12 month low of $46.13 and a 12 month high of $83.02. The stock’s 50-day moving average is $68.41 and its 200 day moving average is $60.43. The stock’s market cap is $3.46 billion.
Zebra Technologies Corp. (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.28. Zebra Technologies Corp. had a negative net margin of 3.16% and a positive return on equity of 29.18%. The firm had revenue of $879 million for the quarter, compared to analyst estimates of $869.19 million. During the same period last year, the business earned $1.05 EPS. Zebra Technologies Corp.’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities research analysts expect that Zebra Technologies Corp. will post $5.46 earnings per share for the current fiscal year.
Several research firms have commented on ZBRA. Vetr raised shares of Zebra Technologies Corp. from a “sell” rating to a “hold” rating and set a $58.03 price target on the stock in a report on Wednesday, August 3rd. Zacks Investment Research raised shares of Zebra Technologies Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 13th. Imperial Capital upped their price objective on shares of Zebra Technologies Corp. from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, October 10th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Zebra Technologies Corp. in a research report on Tuesday, September 20th. Finally, Barrington Research reiterated an “outperform” rating and issued a $75.00 price objective on shares of Zebra Technologies Corp. in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $76.17.
In other Zebra Technologies Corp. news, SVP Michael H. Terzich sold 8,819 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $68.07, for a total transaction of $600,309.33. Following the transaction, the senior vice president now directly owns 40,834 shares of the company’s stock, valued at approximately $2,779,570.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jim L. Kaput sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $64.83, for a total transaction of $324,150.00. Following the transaction, the senior vice president now directly owns 30,103 shares in the company, valued at $1,951,577.49. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
About Zebra Technologies Corp.
Zebra Technologies Corporation offers enterprise asset intelligence products and services. The Company’s products and services allow customers to manage their assets, transactions and people of their organization. It designs, manufactures and sells a range of products, including enterprise mobile computers; advanced data capture devices; wireless local area network (WLAN) products; real-time location systems; related supplies, and utilities, frameworks and application software.
Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Corp. (NASDAQ:ZBRA).
Receive News & Ratings for Zebra Technologies Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies Corp. and related companies with MarketBeat.com's FREE daily email newsletter.