Zebra Technologies (NASDAQ:ZBRA) Position Reduced by Riverhead Capital Management LLC

Riverhead Capital Management LLC lessened its stake in Zebra Technologies (NASDAQ:ZBRA) by 23.0% in the first quarter, Holdings Channel reports. The firm owned 34,948 shares of the industrial products company’s stock after selling 10,456 shares during the period. Riverhead Capital Management LLC’s holdings in Zebra Technologies were worth $7,322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont increased its holdings in Zebra Technologies by 125.0% in the first quarter. Trust Co. of Vermont now owns 135 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 75 shares during the last quarter. PRW Wealth Management LLC bought a new stake in Zebra Technologies in the fourth quarter valued at about $29,000. Lindbrook Capital LLC bought a new stake in Zebra Technologies in the fourth quarter valued at about $35,000. Huntington National Bank increased its holdings in Zebra Technologies by 62.9% in the first quarter. Huntington National Bank now owns 202 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 78 shares during the last quarter. Finally, Trustcore Financial Services LLC bought a new stake in shares of Zebra Technologies in the first quarter worth about $42,000. Institutional investors and hedge funds own 87.33% of the company’s stock.

Shares of Zebra Technologies stock traded up $0.97 during trading hours on Wednesday, hitting $193.04. The company’s stock had a trading volume of 8,989 shares, compared to its average volume of 577,707. Zebra Technologies has a 12 month low of $136.16 and a 12 month high of $237.15. The company has a market capitalization of $10.35 billion, a P/E ratio of 18.86 and a beta of 1.53. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.00 and a quick ratio of 0.55.



Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.04. Zebra Technologies had a return on equity of 45.47% and a net margin of 9.91%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the company earned $2.56 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Zebra Technologies will post 11.82 EPS for the current fiscal year.

Several equities research analysts have issued reports on the company. BidaskClub upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded Zebra Technologies from a “hold” rating to a “buy” rating and set a $198.00 price target for the company in a report on Saturday. Wellington Shields upgraded Zebra Technologies from a “gradually accumulate” rating to a “buy” rating in a report on Thursday, May 30th. ValuEngine downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Finally, Imperial Capital restated an “outperform” rating and issued a $230.00 price target (up from $225.00) on shares of Zebra Technologies in a report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Zebra Technologies currently has an average rating of “Buy” and an average price target of $211.63.

In other news, SVP Bill Burns sold 2,297 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $212.41, for a total transaction of $487,905.77. Following the completion of the transaction, the senior vice president now directly owns 33,536 shares of the company’s stock, valued at $7,123,381.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Jeffrey F. Schmitz sold 1,382 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $212.95, for a total value of $294,296.90. Following the transaction, the chief marketing officer now directly owns 10,748 shares of the company’s stock, valued at $2,288,786.60. The disclosure for this sale can be found here. 1.77% of the stock is owned by corporate insiders.

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Zebra Technologies Company Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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

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