Gamco Investors INC. ET AL Sells 450 Shares of Zebra Technologies Corporation (ZBRA)
Gamco Investors INC. ET AL lessened its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,984 shares of the industrial products company’s stock after selling 450 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Zebra Technologies Corporation were worth $1,410,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Fieldpoint Private Securities LLC purchased a new stake in Zebra Technologies Corporation during the 2nd quarter worth about $136,000. Advisor Group Inc. increased its position in Zebra Technologies Corporation by 0.8% during the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 13 shares in the last quarter. ARP Americas LLC purchased a new stake in Zebra Technologies Corporation during the 3rd quarter worth about $202,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Zebra Technologies Corporation by 3.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 71 shares in the last quarter. Finally, Cigna Investments Inc. New purchased a new stake in Zebra Technologies Corporation during the 2nd quarter worth about $215,000. Hedge funds and other institutional investors own 90.93% of the company’s stock.
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ZBRA has been the subject of a number of recent research reports. Barrington Research reiterated an “outperform” rating and set a $125.00 price objective (up previously from $110.00) on shares of Zebra Technologies Corporation in a research report on Tuesday, August 15th. Needham & Company LLC restated a “buy” rating and issued a $118.00 price target (up previously from $107.00) on shares of Zebra Technologies Corporation in a report on Thursday, August 10th. Wellington Shields upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. BidaskClub cut Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, J P Morgan Chase & Co lifted their price target on Zebra Technologies Corporation to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 7th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $111.75.
In other news, Director Frank Blaise Modruson acquired 1,540 shares of Zebra Technologies Corporation stock in a transaction dated Thursday, November 9th. The shares were acquired at an average cost of $103.88 per share, with a total value of $159,975.20. Following the purchase, the director now directly owns 12,556 shares of the company’s stock, valued at approximately $1,304,317.28. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.50% of the company’s stock.
Shares of Zebra Technologies Corporation (NASDAQ ZBRA) opened at $104.94 on Tuesday. The company has a market capitalization of $5,554.00, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.62. Zebra Technologies Corporation has a fifty-two week low of $65.69 and a fifty-two week high of $117.44. 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 Corporation (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 the consensus estimate of $1.73 by $0.14. The business had revenue of $935.00 million for the quarter, compared to analyst estimates of $914.98 million. Zebra Technologies Corporation had a return on equity of 41.17% and a net margin of 0.82%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.43 EPS. equities research analysts forecast that Zebra Technologies Corporation will post 6.31 earnings per share for the current fiscal year.
Zebra Technologies Corporation 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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