Zebra Technologies (NASDAQ:ZBRA) Cut to “Hold” at Wellington Shields

Wellington Shields cut shares of Zebra Technologies (NASDAQ:ZBRA) from a gradually accumulate rating to a hold rating in a report issued on Thursday, Briefing.com Automated Import reports.

A number of other research firms have also weighed in on ZBRA. ValuEngine upgraded shares of Valmont Industries from a sell rating to a hold rating in a research note on Friday, July 12th. Zacks Investment Research restated a sell rating on shares of ZALANDO SE/ADR in a research note on Sunday, June 30th. BidaskClub downgraded shares of Zebra Technologies from a buy rating to a hold rating in a report on Tuesday, July 16th. Finally, Imperial Capital assumed coverage on shares of SUNDANCE ENERGY/S in a report on Thursday, May 2nd. They set an outperform rating and a $6.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. Zebra Technologies presently has a consensus rating of Hold and an average target price of $215.38.

NASDAQ:ZBRA opened at $182.15 on Thursday. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 17.81 and a beta of 1.61. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.55 and a current ratio of 1.00. Zebra Technologies has a fifty-two week low of $136.16 and a fifty-two week high of $237.15. The company’s 50-day moving average price is $197.19.



Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.04. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. Zebra Technologies had a net margin of 9.91% and a return on equity of 45.47%. Zebra Technologies’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $2.56 EPS. Sell-side analysts anticipate that Zebra Technologies will post 11.81 EPS for the current fiscal year.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Trust Co. of Vermont boosted its holdings in shares of Zebra Technologies by 125.0% in 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 during the last quarter. Bessemer Group Inc. boosted its holdings in shares of Zebra Technologies by 451.5% in 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 during the last quarter. Trustcore Financial Services LLC purchased a new position in shares of Zebra Technologies in the first quarter worth approximately $42,000. Huntington National Bank boosted its holdings in shares of Zebra Technologies by 62.9% in 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 during the last quarter. Finally, Executive Wealth Management LLC purchased a new position in shares of Zebra Technologies in the fourth quarter worth approximately $43,000. 87.27% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Zebra Technologies (NASDAQ:ZBRA)

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