Rothschild & Co. Asset Management US Inc. Increases Holdings in Zebra Technologies (NASDAQ:ZBRA)

Rothschild & Co. Asset Management US Inc. increased its stake in shares of Zebra Technologies (NASDAQ:ZBRA) by 1.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 154,814 shares of the industrial products company’s stock after buying an additional 2,027 shares during the quarter. Rothschild & Co. Asset Management US Inc. owned about 0.29% of Zebra Technologies worth $32,432,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Trust Co. of Vermont lifted its position in Zebra Technologies by 125.0% during the first quarter. Trust Co. of Vermont now owns 135 shares of the industrial products company’s stock worth $28,000 after buying an additional 75 shares in the last quarter. Bessemer Group Inc. lifted its position in Zebra Technologies by 451.5% during the second quarter. Bessemer Group Inc. now owns 182 shares of the industrial products company’s stock worth $38,000 after buying an additional 149 shares in the last quarter. Huntington National Bank lifted its position in Zebra Technologies by 62.9% during the first quarter. Huntington National Bank now owns 202 shares of the industrial products company’s stock worth $42,000 after buying an additional 78 shares in the last quarter. Trustcore Financial Services LLC purchased a new position in Zebra Technologies during the first quarter worth approximately $42,000. Finally, Advisory Services Network LLC lifted its position in Zebra Technologies by 33.3% during the fourth quarter. Advisory Services Network LLC now owns 316 shares of the industrial products company’s stock worth $50,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 87.48% of the company’s stock.

In other news, CEO Anders Gustafsson sold 20,000 shares of Zebra Technologies stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $200.45, for a total value of $4,009,000.00. Following the completion of the sale, the chief executive officer now directly owns 303,533 shares of the company’s stock, valued at $60,843,189.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Olivier Leonetti sold 3,500 shares of Zebra Technologies stock in a transaction on Monday, June 10th. The shares were sold at an average price of $195.00, for a total value of $682,500.00. Following the completion of the sale, the chief financial officer now directly owns 22,387 shares of the company’s stock, valued at $4,365,465. The disclosure for this sale can be found here. Insiders sold 45,504 shares of company stock valued at $9,016,997 over the last ninety days. Insiders own 1.77% of the company’s stock.

NASDAQ:ZBRA traded up $1.90 on Tuesday, reaching $201.57. The company’s stock had a trading volume of 8,731 shares, compared to its average volume of 742,122. Zebra Technologies has a 12-month low of $140.95 and a 12-month high of $237.15. The company has a current ratio of 0.99, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 19.60 and a beta of 1.61. The company has a 50 day moving average of $200.64.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.70 by $0.32. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm posted $2.48 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. Research analysts anticipate that Zebra Technologies will post 12.03 earnings per share for the current fiscal year.

A number of brokerages recently commented on ZBRA. Wellington Shields downgraded Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research report on Thursday, July 18th. Imperial Capital restated an “outperform” rating and issued a $245.00 target price (up previously from $230.00) on shares of Zebra Technologies in a research report on Thursday, August 1st. Zacks Investment Research downgraded Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. ValuEngine upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Finally, BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. Zebra Technologies has a consensus rating of “Buy” and an average target price of $217.25.

Zebra Technologies Company Profile

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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Institutional Ownership by Quarter for Zebra Technologies (NASDAQ:ZBRA)

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