Barings LLC Invests $1.62 Million in Zebra Technologies Corporation (ZBRA) Stock
Barings LLC purchased a new stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,900 shares of the industrial products company’s stock, valued at approximately $1,618,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Zebra Technologies by 16.8% in the second quarter. BlackRock Inc. now owns 4,838,648 shares of the industrial products company’s stock worth $486,381,000 after buying an additional 695,821 shares during the period. Vanguard Group Inc. boosted its position in shares of Zebra Technologies by 10.4% in the second quarter. Vanguard Group Inc. now owns 4,545,495 shares of the industrial products company’s stock worth $456,913,000 after buying an additional 428,836 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Zebra Technologies by 22.0% in 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 buying an additional 326,583 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Zebra Technologies in the second quarter worth about $157,116,000. Finally, State Street Corp boosted its position in shares of Zebra Technologies by 1.4% in the second quarter. State Street Corp now owns 1,368,743 shares of the industrial products company’s stock worth $137,588,000 after buying an additional 18,299 shares during the period. 89.65% of the stock is owned by institutional investors.
Several brokerages have recently weighed in on ZBRA. Zacks Investment Research raised Zebra Technologies from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Thursday, November 2nd. Northcoast Research raised Zebra Technologies from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Imperial Capital raised Zebra Technologies from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $95.00 to $120.00 in a research report on Wednesday. J P Morgan Chase & Co upped their target price on Zebra Technologies to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 7th. Finally, Wellington Shields raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $114.88.
Zebra Technologies Corporation (NASDAQ ZBRA) opened at $110.36 on Friday. The company has a market capitalization of $5,870.00, a PE ratio of 17.74, a P/E/G ratio of 2.30 and a beta of 1.62. Zebra Technologies Corporation has a 1-year low of $75.70 and a 1-year 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 (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.14. The firm had revenue of $935.00 million during the quarter, compared to the consensus estimate of $914.98 million. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. Zebra Technologies’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.43 earnings per share. equities analysts forecast that Zebra Technologies Corporation will post 6.38 EPS for the current fiscal year.
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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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