4,000 Shares in Zebra Technologies Corp. (ZBRA) Acquired by Caxton Associates LP
Caxton Associates LP bought a new position in shares of Zebra Technologies Corp. (NASDAQ:ZBRA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,000 shares of the industrial products company’s stock, valued at approximately $434,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in 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 acquiring an additional 695,821 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 worth $456,913,000 after acquiring an additional 428,836 shares in the last quarter. Bank of New York Mellon Corp boosted its stake 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 worth $196,784,000 after acquiring an additional 326,583 shares in the last quarter. Janus Henderson Group PLC bought a new position in Zebra Technologies during the second quarter worth $157,116,000. Finally, State Street Corp boosted its stake in Zebra Technologies by 1.4% during the second quarter. State Street Corp now owns 1,368,743 shares of the industrial products company’s stock worth $137,588,000 after acquiring an additional 18,299 shares in the last quarter. 89.68% of the stock is currently owned by institutional investors and hedge funds.
Zebra Technologies Corp. (ZBRA) opened at $105.99 on Thursday. Zebra Technologies Corp. has a 12 month low of $80.61 and a 12 month high of $117.44. The firm has a market cap of $5,728.99, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 2.25 and a beta of 1.59. The company has a quick ratio of 0.74, a current ratio of 1.22 and a debt-to-equity ratio of 3.01.
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, beating analysts’ consensus estimates of $1.73 by $0.14. Zebra Technologies had a negative net margin of 1.28% and a negative return on equity of 5.92%. The firm had revenue of $935.00 million for the quarter, compared to analyst estimates of $914.98 million. During the same period last year, the firm earned $1.43 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. equities research analysts anticipate that Zebra Technologies Corp. will post 6.38 EPS for the current fiscal year.
In other news, Director Frank Blaise Modruson purchased 1,540 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average cost of $103.88 per share, with a total value of $159,975.20. Following the completion of the transaction, the director now directly owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael Cho sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $110.15, for a total transaction of $110,150.00. Following the transaction, the senior vice president now directly owns 10,426 shares in the company, valued at $1,148,423.90. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
Several research analysts recently issued reports on the stock. Imperial Capital raised shares of Zebra Technologies from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $95.00 to $120.00 in a research note on Wednesday, November 29th. Zacks Investment Research raised shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Thursday, November 2nd. J P Morgan Chase & Co increased their target price on shares of Zebra Technologies to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 7th. Robert W. Baird reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Zebra Technologies in a research note on Friday, November 10th. Finally, Wellington Shields raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Zebra Technologies has a consensus rating of “Buy” and an average price target of $114.88.
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.
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