Hancock Whitney Corp Acquires 2,473 Shares of Zebra Technologies (ZBRA)

Hancock Whitney Corp boosted its holdings in Zebra Technologies (NASDAQ:ZBRA) by 2.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 98,658 shares of the industrial products company’s stock after acquiring an additional 2,473 shares during the quarter. Hancock Whitney Corp owned 0.18% of Zebra Technologies worth $15,709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Halsey Associates Inc. CT purchased a new stake in Zebra Technologies in the 4th quarter valued at about $498,000. Thrivent Financial for Lutherans increased its stake in Zebra Technologies by 7.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 13,796 shares of the industrial products company’s stock valued at $2,197,000 after buying an additional 939 shares during the last quarter. Globeflex Capital L P purchased a new stake in Zebra Technologies in the 4th quarter valued at about $211,000. Municipal Employees Retirement System of Michigan purchased a new stake in Zebra Technologies in the 4th quarter valued at about $2,054,000. Finally, Gotham Asset Management LLC increased its stake in Zebra Technologies by 137.8% in the 4th quarter. Gotham Asset Management LLC now owns 64,538 shares of the industrial products company’s stock valued at $10,276,000 after buying an additional 37,398 shares during the last quarter. 86.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of ZBRA stock opened at $216.00 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.89 and a debt-to-equity ratio of 1.07. Zebra Technologies has a 12-month low of $130.79 and a 12-month high of $219.39. The company has a market cap of $11.56 billion, a PE ratio of 21.11 and a beta of 1.45.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 14th. The industrial products company reported $3.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.26. Zebra Technologies had a net margin of 9.98% and a return on equity of 48.26%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business posted $2.33 EPS. Zebra Technologies’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities analysts forecast that Zebra Technologies will post 11.73 earnings per share for the current fiscal year.

In other news, SVP Bill Burns sold 4,392 shares of the firm’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $205.35, for a total transaction of $901,897.20. Following the completion of the sale, the senior vice president now owns 34,300 shares in the company, valued at approximately $7,043,505. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Anders Gustafsson sold 13,073 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $200.71, for a total transaction of $2,623,881.83. Following the sale, the chief executive officer now owns 372,903 shares of the company’s stock, valued at approximately $74,845,361.13. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 114,894 shares of company stock valued at $23,721,363. 2.30% of the stock is currently owned by company insiders.

ZBRA has been the subject of several analyst reports. ValuEngine upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 28th. Wellington Shields upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, December 27th. Zacks Investment Research lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 12th. BidaskClub upgraded shares of Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $215.00 price objective (up previously from $192.00) on shares of Zebra Technologies in a research note on Friday, February 15th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $215.00.

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Zebra Technologies Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

Further Reading: Asset Allocation and Your Retirement

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

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