AE Wealth Management LLC increased its stake in shares of Zebra Technologies Co. (NASDAQ: ZBRA – Get a rating) by 6.9% during the 1st quarter, according to its last filing with the SEC. The company held 2,868 shares of the industrial products company after purchasing an additional 185 shares during the period. AE Wealth Management LLC’s holdings in Zebra Technologies were worth $1,186,000 at the end of the last quarter.
A number of other institutional investors and hedge funds have also recently changed their positions in the company. Gateway Advisory LLC increased its position in Zebra Technologies by 3.9% during the 4th quarter. Gateway Advisory LLC now owns 558 shares of the industrial products company worth $332,000 after purchasing 21 additional shares during the period. Quadrant Capital Group LLC increased its position in Zebra Technologies shares by 17.4% during the fourth quarter. Quadrant Capital Group LLC now owns 162 shares of the industrial products company valued at $96,000 after acquiring 24 additional shares during the period. Clarius Group LLC increased its position in Zebra Technologies shares by 5.2% during the 4th quarter. Clarius Group LLC now owns 486 shares of the industrial products company valued at $289,000 after acquiring 24 additional shares during the period. Bay Colony Advisory Group Inc dba Bay Colony Advisors increased its position in Zebra Technologies shares by 2.8% during the 4th quarter. Bay Colony Advisory Group Inc dba Bay Colony Advisors now owns 915 shares of the industrial products company valued at $545,000 after acquiring 25 additional shares during the period. Finally, Aureus Asset Management LLC increased its position in Zebra Technologies shares by 3.5% during the 4th quarter. Aureus Asset Management LLC now owns 748 shares of the industrial products company valued at $445,000 after acquiring 25 additional shares during the period. 85.30% of the shares are currently held by institutional investors.
A number of equity research analysts have recently commented on ZBRA shares. JPMorgan Chase & Co. upgraded Zebra Technologies from a “neutral” rating to an “overweight” rating and lowered its target price for the company from $530.00 to $500.00 in a Monday 4 research report april. StockNews.com upgraded Zebra Technologies from a “buy” rating to a “hold” rating in a Thursday, June 9 report. TheStreet upgraded Zebra Technologies from a “b-” to a “c+” rating in a Monday, June 27 report. Morgan Stanley upgraded Zebra Technologies from an “underweight” rating to an “equal weight” rating and lowered its price target for the stock from $400.00 to $335.00 in a Monday, May 23 report . Finally, Robert W. Baird lowered his price target on Zebra Technologies from $550.00 to $440.00 in a Wednesday, May 4 report. Two analysts gave the stock a hold rating and six gave the stock a buy rating. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $502.50.
ZBRA opened at $302.33 on Wednesday. The company has a debt ratio of 0.31, a current ratio of 0.87 and a quick ratio of 0.61. The company’s 50-day simple moving average is $325.11 and its two-hundred-day simple moving average is $414.53. Zebra Technologies Co. has a 1-year low of $287.93 and a 1-year high of $615.00. The company has a market capitalization of $15.88 billion, a price-earnings ratio of 19.97 and a beta of 1.61.
Zebra Technologies (NASDAQ: ZBRA – Get a rating) last reported results on Tuesday, May 3. The industrial products company reported earnings per share of $3.76 for the quarter, beating analysts’ consensus estimate of $3.48 by $0.28. Zebra Technologies achieved a net margin of 14.25% and a return on equity of 31.20%. The company posted revenue of $1.43 billion for the quarter, versus analyst estimates of $1.37 billion. During the same period last year, the company posted EPS of $4.47. The company’s revenue increased 6.3% year over year. On average, stock analysts expect Zebra Technologies Co. to post earnings per share of 17.85 for the current fiscal year.
Zebra Technologies announced that its board of directors approved a stock repurchase plan on Tuesday, May 17 that sees the company repurchase $1.00 billion of outstanding stock. This repurchase authorization allows the industrial products company to repurchase up to 5.8% of its shares through open market purchases. Stock repurchase plans usually indicate that the company’s board of directors believe its stock is undervalued.
Zebra Technologies Company Profile (Get a rating)
Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions to the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs, manufactures and sells printers, which produce labels, wristbands, tickets, receipts and plastic cards; dye-sublimation thermal card printers, which produce images used for personal identification, access control and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including vehicle mounts and battery chargers; stock and custom thermal labels, receipts, tapes, plastic cards and RFID tags for printers; and temperature control labels primarily used in vaccine distribution.
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