Zebra Technologies Corporation (ZBRA) is Goodnow Investment Group LLC’s 3rd Largest Position
Goodnow Investment Group LLC increased its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 495,319 shares of the industrial products company’s stock after purchasing an additional 29,660 shares during the period. Zebra Technologies makes up 11.1% of Goodnow Investment Group LLC’s portfolio, making the stock its 3rd biggest position. Goodnow Investment Group LLC owned about 0.93% of Zebra Technologies worth $53,782,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Aperio Group LLC grew its stake in shares of Zebra Technologies by 3.8% during the second quarter. Aperio Group LLC now owns 15,038 shares of the industrial products company’s stock valued at $1,512,000 after purchasing an additional 549 shares during the last quarter. US Bancorp DE grew its stake in shares of Zebra Technologies by 4.3% during the second quarter. US Bancorp DE now owns 5,311 shares of the industrial products company’s stock valued at $534,000 after purchasing an additional 220 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Zebra Technologies by 0.9% during the second quarter. Great West Life Assurance Co. Can now owns 31,898 shares of the industrial products company’s stock valued at $3,205,000 after purchasing an additional 297 shares during the last quarter. World Asset Management Inc grew its stake in shares of Zebra Technologies by 5.1% during the second quarter. World Asset Management Inc now owns 3,821 shares of the industrial products company’s stock valued at $384,000 after purchasing an additional 187 shares during the last quarter. Finally, Pictet Asset Management Ltd. grew its stake in shares of Zebra Technologies by 21.4% during the second quarter. Pictet Asset Management Ltd. now owns 475,000 shares of the industrial products company’s stock valued at $49,562,000 after purchasing an additional 83,773 shares during the last quarter. 89.68% of the stock is owned by hedge funds and other institutional investors.
In other Zebra Technologies news, SVP Michael Cho sold 1,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $110.15, for a total value of $110,150.00. Following the sale, the senior vice president now directly owns 10,426 shares in the company, valued at $1,148,423.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank Blaise Modruson bought 1,540 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the completion of the acquisition, the director now owns 12,556 shares of the company’s stock, valued at approximately $1,304,317.28. The disclosure for this purchase can be found here. Company insiders own 2.40% of the company’s stock.
Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.14. The company had revenue of $935.00 million for the quarter, compared to analyst estimates of $914.98 million. Zebra Technologies had a net margin of 0.82% and a return on equity of 41.17%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. equities research analysts predict that Zebra Technologies Corporation will post 6.38 EPS for the current year.
Several research firms have recently commented on ZBRA. Imperial Capital raised shares of Zebra Technologies from an “in-line” rating to an “outperform” rating and increased their price target for the company from $95.00 to $120.00 in a research note on Wednesday, November 29th. Zacks Investment Research cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Robert W. Baird reissued a “buy” rating and set a $125.00 price target on shares of Zebra Technologies in a research note on Friday, November 10th. Wellington Shields raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Finally, J P Morgan Chase & Co increased their price target on shares of Zebra Technologies to $132.00 and gave the company an “overweight” rating in a research note on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $114.88.
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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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