HWG Holdings LP reduced its stake in shares of Zebra Technologies Corp. (NASDAQ:ZBRA) by 73.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,506 shares of the industrial products company’s stock after selling 43,663 shares during the period. Zebra Technologies makes up 1.4% of HWG Holdings LP’s investment portfolio, making the stock its 20th biggest position. HWG Holdings LP’s holdings in Zebra Technologies were worth $1,610,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Zebra Technologies by 16.8% during the 2nd quarter. BlackRock Inc. now owns 4,838,648 shares of the industrial products company’s stock worth $486,381,000 after acquiring an additional 695,821 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Zebra Technologies by 10.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,545,495 shares of the industrial products company’s stock worth $456,913,000 after acquiring an additional 428,836 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Zebra Technologies by 22.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,812,341 shares of the industrial products company’s stock worth $196,784,000 after acquiring an additional 326,583 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Zebra Technologies during the 2nd quarter worth $157,116,000. Finally, State Street Corp lifted its holdings in shares of Zebra Technologies by 1.4% during the 2nd quarter. State Street Corp now owns 1,368,743 shares of the industrial products company’s stock worth $137,588,000 after acquiring an additional 18,299 shares during the last quarter. 89.65% of the stock is owned by institutional investors.
ZBRA has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a report on Thursday, October 12th. Robert W. Baird reaffirmed a “buy” rating and set a $125.00 price objective on shares of Zebra Technologies in a report on Friday, November 10th. BidaskClub raised shares of Zebra Technologies from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Northcoast Research raised shares of Zebra Technologies from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Finally, Wellington Shields raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $114.63.
Zebra Technologies Corp. (NASDAQ:ZBRA) traded up $0.23 during trading on Wednesday, reaching $123.38. 402,000 shares of the company’s stock traded hands, compared to its average volume of 359,360. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.22 and a quick ratio of 0.74. The company has a market capitalization of $6,570.00, a P/E ratio of 216.46, a PEG ratio of 2.21 and a beta of 1.59. Zebra Technologies Corp. has a 1-year low of $81.02 and a 1-year high of $124.62.
Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.14. The business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $914.98 million. Zebra Technologies had a net margin of 0.82% and a return on equity of 41.17%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.43 earnings per share. analysts predict that Zebra Technologies Corp. will post 6.37 earnings per share for the current year.
In other news, Director Frank Blaise Modruson acquired 1,540 shares of the stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $103.88 per share, with a total value of $159,975.20. Following the completion of the purchase, the director now owns 12,556 shares in the company, valued at approximately $1,304,317.28. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Michael Cho sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $110.15, for a total transaction of $110,150.00. Following the transaction, the senior vice president now directly owns 10,426 shares of the company’s stock, valued at $1,148,423.90. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
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Zebra Technologies 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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