Calamos Advisors LLC lifted its position in Zebra Technologies (NASDAQ:ZBRA) by 2.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,134 shares of the industrial products company’s stock after purchasing an additional 109 shares during the period. Calamos Advisors LLC’s holdings in Zebra Technologies were worth $1,076,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont grew its holdings in shares of Zebra Technologies by 125.0% in the first quarter. Trust Co. of Vermont now owns 135 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 75 shares during the last quarter. Bessemer Group Inc. lifted its stake in Zebra Technologies by 451.5% in the second quarter. Bessemer Group Inc. now owns 182 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 149 shares during the period. Trustcore Financial Services LLC purchased a new stake in Zebra Technologies in the first quarter worth $42,000. Hall Laurie J Trustee lifted its stake in Zebra Technologies by 32.0% in the first quarter. Hall Laurie J Trustee now owns 330 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 80 shares during the period. Finally, Duncker Streett & Co. Inc. lifted its stake in Zebra Technologies by 150.0% in the first quarter. Duncker Streett & Co. Inc. now owns 350 shares of the industrial products company’s stock worth $73,000 after acquiring an additional 210 shares during the period. Hedge funds and other institutional investors own 88.90% of the company’s stock.
In related news, CEO Anders Gustafsson sold 19,650 shares of Zebra Technologies stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $211.36, for a total value of $4,153,224.00. Following the completion of the sale, the chief executive officer now directly owns 283,533 shares in the company, valued at approximately $59,927,534.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Colleen M. O’sullivan sold 1,549 shares of Zebra Technologies stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $196.00, for a total value of $303,604.00. Following the completion of the sale, the chief accounting officer now owns 4,664 shares of the company’s stock, valued at $914,144. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,177 shares of company stock valued at $4,865,483. 1.77% of the stock is owned by insiders.
Several equities analysts have commented on the company. ValuEngine raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. BidaskClub lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 17th. Imperial Capital reissued an “outperform” rating and set a $245.00 price objective (up previously from $230.00) on shares of Zebra Technologies in a research report on Thursday, August 1st. Zacks Investment Research lowered Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Finally, Morgan Stanley raised their price objective on Zebra Technologies from $189.00 to $205.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Zebra Technologies has an average rating of “Buy” and an average target price of $223.67.
ZBRA opened at $203.68 on Friday. The stock has a 50-day moving average price of $202.92 and a 200-day moving average price of $202.67. 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 cap of $11.42 billion, a PE ratio of 19.91 and a beta of 1.65. Zebra Technologies has a 1 year low of $140.95 and a 1 year high of $237.15.
Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Zebra Technologies’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.48 EPS. As a group, sell-side analysts anticipate that Zebra Technologies will post 12.1 EPS for the current year.
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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