Franklin Resources Inc. reduced its position in shares of Zebra Technologies Corp. (NASDAQ:ZBRA) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 742,500 shares of the industrial products company’s stock after selling 6,600 shares during the period. Franklin Resources Inc. owned about 1.40% of Zebra Technologies worth $77,071,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Greenleaf Trust raised its position in shares of Zebra Technologies by 98.0% during the 4th quarter. Greenleaf Trust now owns 1,000 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 495 shares in the last quarter. Zions Bancorporation acquired a new stake in shares of Zebra Technologies during the 3rd quarter valued at approximately $180,000. Stifel Financial Corp acquired a new stake in shares of Zebra Technologies during the 3rd quarter valued at approximately $239,000. Commerce Bank bought a new position in Zebra Technologies during the 3rd quarter worth $278,000. Finally, Ramsey Quantitative Systems bought a new position in Zebra Technologies during the 4th quarter worth $282,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Anders Gustafsson sold 42,557 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $141.26, for a total value of $6,011,601.82. Following the completion of the transaction, the chief executive officer now owns 311,338 shares of the company’s stock, valued at $43,979,605.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jim L. Kaput sold 4,884 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $145.24, for a total value of $709,352.16. Following the completion of the transaction, the senior vice president now directly owns 23,374 shares of the company’s stock, valued at approximately $3,394,839.76. The disclosure for this sale can be found here. In the last three months, insiders sold 56,780 shares of company stock valued at $8,029,513. Company insiders own 2.40% of the company’s stock.
A number of research analysts recently commented on the company. Wells Fargo restated a “market perform” rating and set a $140.00 price objective (up from $112.00) on shares of Zebra Technologies in a research note on Tuesday, February 27th. JPMorgan Chase & Co. downgraded Zebra Technologies from an “overweight” rating to a “neutral” rating and set a $150.00 price objective for the company. in a research note on Monday, February 26th. Northcoast Research set a $162.00 price objective on Zebra Technologies and gave the stock a “buy” rating in a research note on Friday, February 23rd. BidaskClub upgraded Zebra Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. Finally, Barrington Research upped their price objective on Zebra Technologies to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $138.78.
Zebra Technologies Corp. (NASDAQ ZBRA) opened at $143.34 on Friday. Zebra Technologies Corp. has a 52 week low of $84.32 and a 52 week high of $148.71. The company has a market capitalization of $7,816.57, a price-to-earnings ratio of 447.95, a P/E/G ratio of 2.37 and a beta of 1.48. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.61 and a current ratio of 1.06.
Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.21. Zebra Technologies had a return on equity of 42.96% and a net margin of 0.46%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $984.33 million. During the same quarter in the prior year, the business posted $1.93 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. analysts anticipate that Zebra Technologies Corp. will post 8.25 earnings per share for the current year.
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Zebra Technologies 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.
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