Zebra Technologies (ZBRA) Stake Lowered by Providence Capital Advisors LLC

Providence Capital Advisors LLC trimmed its position in shares of Zebra Technologies (NASDAQ:ZBRA) by 30.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,842 shares of the industrial products company’s stock after selling 4,751 shares during the period. Providence Capital Advisors LLC’s holdings in Zebra Technologies were worth $1,509,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. increased its holdings in Zebra Technologies by 0.3% in the 1st quarter. BlackRock Inc. now owns 4,466,492 shares of the industrial products company’s stock valued at $621,690,000 after acquiring an additional 11,642 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Zebra Technologies by 8.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,964,763 shares of the industrial products company’s stock valued at $203,942,000 after acquiring an additional 152,422 shares during the last quarter. Makaira Partners LLC increased its holdings in Zebra Technologies by 6.1% in the 4th quarter. Makaira Partners LLC now owns 1,275,980 shares of the industrial products company’s stock valued at $132,447,000 after acquiring an additional 72,800 shares during the last quarter. Jackson Square Partners LLC increased its holdings in Zebra Technologies by 1.7% in the 4th quarter. Jackson Square Partners LLC now owns 793,062 shares of the industrial products company’s stock valued at $82,319,000 after acquiring an additional 13,316 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Zebra Technologies by 8.7% in the 1st quarter. Wells Fargo & Company MN now owns 708,586 shares of the industrial products company’s stock valued at $98,627,000 after acquiring an additional 56,677 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.

In related news, CEO Anders Gustafsson sold 42,557 shares of Zebra Technologies stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $141.26, for a total transaction of $6,011,601.82. Following the completion of the transaction, the chief executive officer now directly owns 311,338 shares of the company’s stock, valued at approximately $43,979,605.88. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Michael H. Terzich sold 2,896 shares of Zebra Technologies stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $446,418.40. Following the transaction, the senior vice president now directly owns 34,089 shares of the company’s stock, valued at $5,254,819.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 84,847 shares of company stock worth $12,319,871. Insiders own 2.30% of the company’s stock.

Zebra Technologies opened at $152.96 on Thursday, MarketBeat Ratings reports. Zebra Technologies has a twelve month low of $94.78 and a twelve month high of $157.18. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 1.13. The stock has a market capitalization of $8.23 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 3.45 and a beta of 1.47.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, May 8th. The industrial products company reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.51. Zebra Technologies had a net margin of 3.08% and a return on equity of 47.70%. The firm had revenue of $977.00 million for the quarter, compared to the consensus estimate of $935.85 million. During the same period in the previous year, the firm posted $1.37 EPS. The business’s quarterly revenue was up 12.9% on a year-over-year basis. equities analysts forecast that Zebra Technologies will post 8.94 earnings per share for the current fiscal year.

A number of analysts have issued reports on the stock. Needham & Company LLC lifted their price target on shares of Zebra Technologies to $165.00 and gave the company a “buy” rating in a report on Wednesday, May 9th. They noted that the move was a valuation call. Morgan Stanley lifted their price target on shares of Zebra Technologies from $125.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, May 9th. Robert W. Baird lifted their price target on shares of Zebra Technologies from $146.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, May 9th. TheStreet upgraded shares of Zebra Technologies from a “c+” rating to a “b” rating in a report on Tuesday, May 8th. Finally, Northcoast Research set a $162.00 price target on shares of Zebra Technologies and gave the company a “buy” rating in a report on Friday, February 23rd. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Zebra Technologies has an average rating of “Buy” and a consensus price target of $147.78.

Zebra Technologies Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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

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