Stifel Financial Corp Raises Holdings in Zebra Technologies (NASDAQ:ZBRA)

Stifel Financial Corp increased its holdings in Zebra Technologies (NASDAQ:ZBRA) by 10.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 107,582 shares of the industrial products company’s stock after acquiring an additional 10,584 shares during the period. Stifel Financial Corp owned approximately 0.20% of Zebra Technologies worth $22,210,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Carnegie Capital Asset Management LLC lifted its stake in Zebra Technologies by 305.4% during the third quarter. Carnegie Capital Asset Management LLC now owns 23,101 shares of the industrial products company’s stock worth $4,767,000 after purchasing an additional 17,402 shares in the last quarter. Redpoint Investment Management Pty Ltd raised its stake in shares of Zebra Technologies by 26.9% in the third quarter. Redpoint Investment Management Pty Ltd now owns 1,428 shares of the industrial products company’s stock valued at $295,000 after acquiring an additional 303 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Zebra Technologies by 3.1% in the third quarter. Voya Investment Management LLC now owns 49,390 shares of the industrial products company’s stock valued at $10,193,000 after acquiring an additional 1,487 shares in the last quarter. First Allied Advisory Services Inc. raised its stake in shares of Zebra Technologies by 50.6% in the third quarter. First Allied Advisory Services Inc. now owns 1,892 shares of the industrial products company’s stock valued at $392,000 after acquiring an additional 636 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new stake in Zebra Technologies in the third quarter valued at $75,000. Institutional investors own 87.33% of the company’s stock.

NASDAQ ZBRA opened at $250.94 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.94 and a debt-to-equity ratio of 0.84. Zebra Technologies has a 52-week low of $140.95 and a 52-week high of $255.95. The business’s 50-day moving average price is $227.96 and its 200 day moving average price is $204.72. The firm has a market cap of $13.36 billion, a P/E ratio of 21.21 and a beta of 1.64.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.28 by $0.15. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.14 billion. Zebra Technologies had a return on equity of 42.17% and a net margin of 11.06%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company posted $2.88 earnings per share. As a group, analysts anticipate that Zebra Technologies will post 12.16 earnings per share for the current year.

Several equities analysts have issued reports on the company. Morgan Stanley raised their price objective on Zebra Technologies from $189.00 to $205.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. Imperial Capital raised their price objective on Zebra Technologies from $245.00 to $265.00 in a report on Wednesday. ValuEngine raised Zebra Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Atlantic Securities assumed coverage on Zebra Technologies in a report on Tuesday, August 27th. They set an “overweight” rating and a $230.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Zebra Technologies currently has a consensus rating of “Buy” and a consensus target price of $244.13.

In related news, Director Andrew K. Ludwick sold 500 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $237.01, for a total value of $118,505.00. Following the completion of the sale, the director now owns 2,005 shares in the company, valued at $475,205.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Cristen L. Kogl sold 975 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $242.97, for a total transaction of $236,895.75. Following the completion of the sale, the senior vice president now owns 4,987 shares of the company’s stock, valued at approximately $1,211,691.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,762 shares of company stock valued at $11,099,094. 1.77% of the stock is owned by insiders.

Zebra Technologies 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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