GW&K Investment Management LLC Buys 16,047 Shares of Zebra Technologies Corp. (ZBRA)

GW&K Investment Management LLC boosted its stake in shares of Zebra Technologies Corp. (NASDAQ:ZBRA) by 4.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,988 shares of the industrial products company’s stock after purchasing an additional 16,047 shares during the quarter. GW&K Investment Management LLC owned about 0.67% of Zebra Technologies worth $37,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of ZBRA. Janus Henderson Group PLC acquired a new stake in shares of Zebra Technologies during the second quarter worth about $157,116,000. BlackRock Inc. lifted its holdings in shares of Zebra Technologies by 16.8% during the second quarter. BlackRock Inc. now owns 4,838,648 shares of the industrial products company’s stock worth $486,381,000 after purchasing an additional 695,821 shares during the period. Vanguard Group Inc. raised its position in Zebra Technologies by 10.4% during the second quarter. Vanguard Group Inc. now owns 4,545,495 shares of the industrial products company’s stock valued at $456,913,000 after acquiring an additional 428,836 shares in the last quarter. Wells Fargo & Company MN raised its position in Zebra Technologies by 107.7% during the third quarter. Wells Fargo & Company MN now owns 792,708 shares of the industrial products company’s stock valued at $86,073,000 after acquiring an additional 411,035 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Zebra Technologies by 22.0% during the third quarter. Bank of New York Mellon Corp now owns 1,812,341 shares of the industrial products company’s stock valued at $196,784,000 after acquiring an additional 326,583 shares in the last quarter. 89.73% of the stock is currently owned by institutional investors.

Zebra Technologies Corp. (ZBRA) traded up $1.38 during midday trading on Friday, reaching $114.92. The company’s stock had a trading volume of 381,889 shares, compared to its average volume of 316,686. The firm has a market capitalization of $6,110.00, a price-to-earnings ratio of 201.61, a P/E/G ratio of 2.06 and a beta of 1.67. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.22 and a quick ratio of 0.74. Zebra Technologies Corp. has a one year low of $84.01 and a one year high of $126.49.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.14. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. The company had revenue of $935.00 million for the quarter, compared to analyst estimates of $914.98 million. During the same quarter in the previous year, the company posted $1.43 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities research analysts predict that Zebra Technologies Corp. will post 6.37 earnings per share for the current fiscal year.

ZBRA has been the subject of several recent research reports. Zacks Investment Research cut Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Northcoast Research upgraded Zebra Technologies from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. boosted their price objective on Zebra Technologies to $132.00 and gave the company an “overweight” rating in a research report on Tuesday, November 7th. Wellington Shields upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Finally, Robert W. Baird reiterated a “buy” rating and set a $125.00 price target on shares of Zebra Technologies in a research report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $114.88.

In other news, SVP Michael Cho sold 1,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $110.15, for a total value of $110,150.00. Following the transaction, the senior vice president now owns 10,426 shares of the company’s stock, valued at approximately $1,148,423.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

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Zebra Technologies Company 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.

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

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