Hartford Financial Management Inc. lowered its stake in Zebra Technologies (NASDAQ:ZBRA) by 42.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 160 shares of the industrial products company's stock after selling 120 shares during the quarter. Hartford Financial Management Inc.'s holdings in Zebra Technologies were worth $33,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. APG Asset Management N.V. lifted its position in shares of Zebra Technologies by 491.7% during the 2nd quarter. APG Asset Management N.V. now owns 687,000 shares of the industrial products company's stock worth $126,378,000 after purchasing an additional 570,900 shares during the last quarter. BlackRock Inc. lifted its position in shares of Zebra Technologies by 7.6% during the 2nd quarter. BlackRock Inc. now owns 5,273,689 shares of the industrial products company's stock worth $1,104,785,000 after purchasing an additional 372,156 shares during the last quarter. Invesco Ltd. lifted its position in shares of Zebra Technologies by 81.9% during the 2nd quarter. Invesco Ltd. now owns 722,770 shares of the industrial products company's stock worth $151,413,000 after purchasing an additional 325,532 shares during the last quarter. Marshall Wace North America L.P. lifted its position in shares of Zebra Technologies by 1,547.8% during the 2nd quarter. Marshall Wace North America L.P. now owns 297,502 shares of the industrial products company's stock worth $62,323,000 after purchasing an additional 279,447 shares during the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in shares of Zebra Technologies during the 2nd quarter worth about $54,872,000. 88.99% of the stock is owned by institutional investors.
Zebra Technologies stock traded up $3.75 during trading hours on Monday, hitting $222.83. The stock had a trading volume of 867,441 shares, compared to its average volume of 530,232. The company has a 50-day moving average of $202.65 and a two-hundred day moving average of $201.48. The company has a quick ratio of 0.59, a current ratio of 0.99 and a debt-to-equity ratio of 1.07. The company has a market cap of $11.42 billion, a PE ratio of 21.78 and a beta of 1.62. Zebra Technologies has a fifty-two week low of $140.95 and a fifty-two week high of $237.15.
Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.02 EPS for the quarter, beating the consensus estimate of $2.70 by $0.32. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. The company's revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.48 EPS. As a group, analysts forecast that Zebra Technologies will post 12.05 EPS for the current fiscal year.
Several research firms recently weighed in on ZBRA. Atlantic Securities began coverage on Zebra Technologies in a research report on Tuesday, August 27th. They set an "overweight" rating and a $230.00 price objective for the company. Robert W. Baird reissued an "outperform" rating and set a $235.00 price objective (down previously from $245.00) on shares of Zebra Technologies in a research report on Wednesday, October 9th. Zacks Investment Research raised Zebra Technologies from a "sell" rating to a "hold" rating in a research report on Saturday, October 19th. ValuEngine cut Zebra Technologies from a "hold" rating to a "sell" rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley boosted their price objective on Zebra Technologies from $189.00 to $205.00 and gave the stock an "equal weight" rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of "Hold" and a consensus target price of $230.38.
In other Zebra Technologies news, CAO Colleen M. O'sullivan sold 1,549 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $196.00, for a total value of $303,604.00. Following the completion of the transaction, the chief accounting officer now owns 4,664 shares of the company's stock, valued at approximately $914,144. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Chirantan Jitendra Desai sold 1,978 shares of the company's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $206.60, for a total value of $408,654.80. Following the completion of the transaction, the director now directly owns 5,955 shares of the company's stock, valued at approximately $1,230,303. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,177 shares of company stock valued at $4,865,483. Insiders own 1.77% of the company's stock.
About Zebra Technologies
Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end?solutions that intelligently connect people, assets and data to help?our customers?make business-critical decisions.?Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.
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