Menu Close

Baker Tilly Wealth Management LLC Increases Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

view original post

Baker Tilly Wealth Management LLC boosted its position in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 9.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,159 shares of the industrial products company’s stock after purchasing an additional 104 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Zebra Technologies were worth $597,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Parallel Advisors LLC grew its position in Zebra Technologies by 24.8% during the 3rd quarter. Parallel Advisors LLC now owns 312 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 62 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Zebra Technologies by 6.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 2,325 shares of the industrial products company’s stock valued at $1,198,000 after acquiring an additional 149 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Zebra Technologies by 1.2% during the 3rd quarter. New York State Common Retirement Fund now owns 66,029 shares of the industrial products company’s stock valued at $34,033,000 after acquiring an additional 785 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Zebra Technologies by 3.8% during the 3rd quarter. Victory Capital Management Inc. now owns 40,704 shares of the industrial products company’s stock valued at $20,980,000 after acquiring an additional 1,505 shares during the last quarter. Finally, ING Groep NV boosted its holdings in shares of Zebra Technologies by 3.2% during the 3rd quarter. ING Groep NV now owns 4,535 shares of the industrial products company’s stock valued at $2,337,000 after acquiring an additional 140 shares during the last quarter. 84.44% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on ZBRA shares. Needham & Company LLC raised their price target on shares of Zebra Technologies from $600.00 to $660.00 and gave the company a “buy” rating in a report on Wednesday, November 3rd. UBS Group raised their price target on shares of Zebra Technologies from $610.00 to $615.00 and gave the company a “buy” rating in a report on Thursday, September 23rd. Stephens increased their price objective on shares of Zebra Technologies from $600.00 to $700.00 and gave the stock an “overweight” rating in a research note on Monday, September 13th. Zacks Investment Research cut shares of Zebra Technologies from a “buy” rating to a “hold” rating and set a $614.00 price objective on the stock. in a research note on Tuesday, December 7th. Finally, Wolfe Research started coverage on shares of Zebra Technologies in a research note on Monday, November 8th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $588.43.

NASDAQ ZBRA opened at $582.41 on Friday. Zebra Technologies Co. has a 12 month low of $371.40 and a 12 month high of $615.00. The stock has a market cap of $31.12 billion, a price-to-earnings ratio of 37.14 and a beta of 1.56. The company’s 50 day moving average is $579.56 and its two-hundred day moving average is $555.83. The company has a current ratio of 0.96, a quick ratio of 0.69 and a debt-to-equity ratio of 0.33.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Monday, November 1st. The industrial products company reported $4.55 EPS for the quarter, topping analysts’ consensus estimates of $4.06 by $0.49. Zebra Technologies had a net margin of 15.45% and a return on equity of 36.87%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business earned $3.04 EPS. Sell-side analysts forecast that Zebra Technologies Co. will post 16.85 EPS for the current year.

In other news, Director Frank Blaise Modruson sold 2,000 shares of Zebra Technologies stock in a transaction that occurred on Monday, December 13th. The shares were sold at an average price of $605.44, for a total transaction of $1,210,880.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael A. Smith sold 1,500 shares of Zebra Technologies stock in a transaction that occurred on Wednesday, November 17th. The shares were sold at an average price of $607.00, for a total transaction of $910,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,288 shares of company stock worth $9,227,267. 1.11% of the stock is owned by company insiders.

About Zebra Technologies

Zebra Technologies Corp. engages in designing, manufacturing and selling of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices (RFID) readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.

Further Reading: How prevalent are 12b-1 fees?

Want to see what other hedge funds are holding ZBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zebra Technologies Co. (NASDAQ:ZBRA).

Want More Great Investing Ideas?