Pacer Advisors Inc. Lowers Stake in Zebra Technologies (NASDAQ:ZBRA)

Pacer Advisors Inc. lessened its position in shares of Zebra Technologies (NASDAQ:ZBRA) by 7.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,083 shares of the industrial products company’s stock after selling 1,552 shares during the period. Pacer Advisors Inc.’s holdings in Zebra Technologies were worth $4,145,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Zebra Technologies by 7.6% during the second quarter. BlackRock Inc. now owns 5,273,689 shares of the industrial products company’s stock valued at $1,104,785,000 after buying an additional 372,156 shares in the last quarter. FMR LLC raised its stake in Zebra Technologies by 34.3% during the first quarter. FMR LLC now owns 3,247,706 shares of the industrial products company’s stock valued at $680,491,000 after buying an additional 829,462 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Zebra Technologies by 11.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,249,258 shares of the industrial products company’s stock worth $259,382,000 after purchasing an additional 130,209 shares during the period. Pictet Asset Management Ltd. raised its position in shares of Zebra Technologies by 0.8% during the 2nd quarter. Pictet Asset Management Ltd. now owns 750,278 shares of the industrial products company’s stock worth $157,176,000 after purchasing an additional 5,669 shares during the period. Finally, Invesco Ltd. raised its position in shares of Zebra Technologies by 81.9% during the 2nd quarter. Invesco Ltd. now owns 722,770 shares of the industrial products company’s stock worth $151,413,000 after purchasing an additional 325,532 shares during the period. 88.90% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on the company. Zacks Investment Research cut Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. BidaskClub cut Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 17th. Atlantic Securities assumed coverage on Zebra Technologies in a research report on Tuesday, August 27th. They set an “overweight” rating and a $230.00 price target on the stock. Imperial Capital reiterated an “outperform” rating and set a $245.00 price target (up from $230.00) on shares of Zebra Technologies in a research report on Thursday, August 1st. Finally, Robert W. Baird reiterated an “outperform” rating and set a $235.00 price target (down from $245.00) on shares of Zebra Technologies in a research report on Wednesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. Zebra Technologies presently has an average rating of “Hold” and an average target price of $227.00.

Shares of ZBRA stock opened at $194.60 on Friday. The business has a 50 day simple moving average of $202.23 and a 200 day simple moving average of $202.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.99 and a quick ratio of 0.59. The firm has a market capitalization of $10.37 billion, a price-to-earnings ratio of 17.22 and a beta of 1.62. Zebra Technologies has a 12-month low of $140.95 and a 12-month high of $237.15.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly 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 firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period last year, the company posted $2.48 EPS. On average, equities analysts anticipate that Zebra Technologies will post 12.04 EPS for the current fiscal year.

In other news, CEO Anders Gustafsson sold 19,650 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $211.36, for a total transaction of $4,153,224.00. Following the completion of the sale, the chief executive officer now directly owns 283,533 shares of the company’s stock, valued at approximately $59,927,534.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Colleen M. O’sullivan sold 1,549 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $196.00, for a total value of $303,604.00. Following the sale, the chief accounting officer now directly owns 4,664 shares of the company’s stock, valued at $914,144. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,177 shares of company stock valued at $4,865,483. 1.77% of the stock is currently owned by corporate insiders.

About Zebra Technologies

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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