Northern Trust Corp lifted its stake in Zebra Technologies (NASDAQ:ZBRA) by 14.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 522,118 shares of the industrial products company’s stock after buying an additional 67,409 shares during the period. Northern Trust Corp owned approximately 0.97% of Zebra Technologies worth $109,378,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of ZBRA. Shamrock Asset Management LLC bought a new stake in shares of Zebra Technologies in the second quarter valued at approximately $35,000. Bessemer Group Inc. boosted its stake in shares of Zebra Technologies by 451.5% in the second 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 bought a new stake in shares of Zebra Technologies in the first quarter valued at approximately $42,000. AdvisorNet Financial Inc boosted its stake in shares of Zebra Technologies by 58.1% in the second quarter. AdvisorNet Financial Inc now owns 427 shares of the industrial products company’s stock valued at $89,000 after buying an additional 157 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Zebra Technologies in the second quarter valued at approximately $89,000. Institutional investors and hedge funds own 89.27% of the company’s stock.
Several research firms have weighed in on ZBRA. ValuEngine upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Wellington Shields cut Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research note on Thursday, July 18th. BidaskClub cut Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 17th. Imperial Capital restated an “outperform” rating and set a $245.00 target price (up from $230.00) on shares of Zebra Technologies in a research note on Thursday, August 1st. Finally, Zacks Investment Research cut Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. Zebra Technologies presently has an average rating of “Buy” and an average target price of $226.00.
Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.32. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company earned $2.48 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, analysts predict that Zebra Technologies will post 12.1 earnings per share for the current year.
In other news, CEO Anders Gustafsson sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $200.45, for a total transaction of $4,009,000.00. Following the completion of the transaction, the chief executive officer now directly owns 303,533 shares in the company, valued at $60,843,189.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jeffrey F. Schmitz sold 4,019 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $192.37, for a total transaction of $773,135.03. Following the transaction, the senior vice president now owns 8,436 shares of the company’s stock, valued at $1,622,833.32. The disclosure for this sale can be found here. Insiders have sold 54,457 shares of company stock valued at $11,115,417 over the last quarter. Company insiders own 1.77% of the company’s stock.
Zebra Technologies Company 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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