Olstein Capital Management L.P. Grows Stock Holdings in Zebra Technologies (NASDAQ:ZBRA)

Olstein Capital Management L.P. boosted its position in Zebra Technologies (NASDAQ:ZBRA) by 61.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,800 shares of the industrial products company’s stock after purchasing an additional 12,800 shares during the period. Olstein Capital Management L.P. owned about 0.06% of Zebra Technologies worth $7,081,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Trust Co. of Vermont grew its stake in Zebra Technologies by 125.0% in the 1st quarter. Trust Co. of Vermont now owns 135 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 75 shares during the period. Bessemer Group Inc. grew its stake in shares of Zebra Technologies by 451.5% during the 2nd quarter. Bessemer Group Inc. now owns 182 shares of the industrial products company’s stock valued at $38,000 after buying an additional 149 shares during the period. Trustcore Financial Services LLC purchased a new stake in shares of Zebra Technologies during the 1st quarter valued at $42,000. Huntington National Bank grew its stake in shares of Zebra Technologies by 62.9% during the 1st quarter. Huntington National Bank now owns 202 shares of the industrial products company’s stock valued at $42,000 after buying an additional 78 shares during the period. Finally, Hall Laurie J Trustee grew its stake in shares of Zebra Technologies by 32.0% during the 1st quarter. Hall Laurie J Trustee now owns 330 shares of the industrial products company’s stock valued at $69,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 87.48% of the company’s stock.

Several analysts have recently issued reports on ZBRA shares. ValuEngine raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Wellington Shields lowered shares of Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a report on Thursday, July 18th. Zacks Investment Research lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Imperial Capital reiterated an “outperform” rating and issued a $245.00 price objective (up previously from $230.00) on shares of Zebra Technologies in a report on Thursday, August 1st. Finally, BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. Zebra Technologies presently has a consensus rating of “Buy” and a consensus price target of $225.43.

In related news, SVP Michael H. Terzich sold 9,175 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $194.11, for a total transaction of $1,780,959.25. Following the sale, the senior vice president now owns 35,553 shares in the company, valued at $6,901,192.83. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Olivier Leonetti sold 3,500 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $195.00, for a total transaction of $682,500.00. Following the sale, the chief financial officer now owns 22,387 shares in the company, valued at approximately $4,365,465. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,154 shares of company stock worth $13,170,221. Company insiders own 1.77% of the company’s stock.

Shares of Zebra Technologies stock traded down $3.47 during trading on Monday, reaching $202.14. The company had a trading volume of 11,543 shares, compared to its average volume of 688,276. The firm has a market capitalization of $11.00 billion, a P/E ratio of 19.71 and a beta of 1.61. The firm’s fifty day simple moving average is $201.24. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.99. Zebra Technologies has a fifty-two week low of $140.95 and a fifty-two week high of $237.15.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.32. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Zebra Technologies had a net margin of 10.95% and a return on equity of 43.60%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.48 EPS. On average, equities analysts forecast that Zebra Technologies will post 12.1 EPS for the current fiscal year.

Zebra Technologies Profile

Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.

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

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