State of Wisconsin Investment Board Sells 155,277 Shares of Zebra Technologies Corporation (ZBRA)
State of Wisconsin Investment Board reduced its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 59.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,142 shares of the industrial products company’s stock after selling 155,277 shares during the quarter. State of Wisconsin Investment Board owned about 0.20% of Zebra Technologies Corporation worth $11,525,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Fieldpoint Private Securities LLC bought a new position in Zebra Technologies Corporation during the 2nd quarter worth $136,000. Advisor Group Inc. grew 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 buying an additional 13 shares during the last quarter. ARP Americas LLC bought a new position in Zebra Technologies Corporation during the 3rd quarter worth $202,000. Zurcher Kantonalbank Zurich Cantonalbank grew 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 buying an additional 71 shares during the last quarter. Finally, Cigna Investments Inc. New bought a new position in Zebra Technologies Corporation during the 2nd quarter worth $215,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.
In other news, Director Frank Blaise Modruson acquired 1,540 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was acquired at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the completion of the acquisition, the director now directly owns 12,556 shares in the company, valued at approximately $1,304,317.28. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.50% of the company’s stock.
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Zebra Technologies Corporation (ZBRA) opened at $104.34 on Thursday. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.74 and a current ratio of 1.22. Zebra Technologies Corporation has a 12-month low of $71.55 and a 12-month high of $117.44. The stock has a market capitalization of $5,584.31, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 2.21 and a beta of 1.62.
Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.14. Zebra Technologies Corporation had a return on equity of 41.17% and a net margin of 0.82%. The company had revenue of $935.00 million during the quarter, compared to analyst estimates of $914.98 million. During the same quarter in the previous year, the firm posted $1.43 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. sell-side analysts expect that Zebra Technologies Corporation will post 6.34 earnings per share for the current fiscal year.
A number of research analysts recently commented on ZBRA shares. Northcoast Research upgraded Zebra Technologies Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research note on Thursday, October 12th. BidaskClub lowered Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Wellington Shields upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $118.00 price target (up previously from $107.00) on shares of Zebra Technologies Corporation in a research report on Thursday, August 10th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Zebra Technologies Corporation presently has an average rating of “Buy” and a consensus target price of $111.75.
Zebra Technologies Corporation Company 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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