Otter Creek Advisors LLC Increases Stock Holdings in Zebra Technologies Co. (NASDAQ:ZBRA)

Otter Creek Advisors LLC lifted its stake in Zebra Technologies Co. (NASDAQ:ZBRAGet Rating) by 131.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,975 shares of the industrial products company’s stock after purchasing an additional 5,094 shares during the quarter. Zebra Technologies comprises 1.5% of Otter Creek Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Otter Creek Advisors LLC’s holdings in Zebra Technologies were worth $3,713,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KRS Capital Management LLC bought a new stake in Zebra Technologies during the 4th quarter valued at $29,000. Parkside Financial Bank & Trust raised its position in Zebra Technologies by 58.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 68 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 25 shares in the last quarter. Baldwin Brothers LLC MA bought a new stake in Zebra Technologies during the 1st quarter valued at $41,000. O Dell Group LLC bought a new stake in Zebra Technologies during the 4th quarter valued at $50,000. Finally, Covestor Ltd bought a new position in shares of Zebra Technologies in the 4th quarter worth $58,000. Hedge funds and other institutional investors own 85.30% of the company’s stock.

Zebra Technologies Price Performance

ZBRA stock traded up $1.12 during mid-day trading on Friday, reaching $331.70. 298,533 shares of the company’s stock were exchanged, compared to its average volume of 392,788. The company has a market cap of $17.42 billion, a price-to-earnings ratio of 25.63 and a beta of 1.64. The stock’s 50 day moving average is $314.34 and its 200 day moving average is $377.20. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.61. Zebra Technologies Co. has a 12-month low of $283.72 and a 12-month high of $615.00.

Zebra Technologies (NASDAQ:ZBRAGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $4.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.93 by $0.68. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. Zebra Technologies had a return on equity of 31.30% and a net margin of 8.56%. Zebra Technologies’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.17 earnings per share. On average, research analysts expect that Zebra Technologies Co. will post 17.69 EPS for the current year.

Zebra Technologies announced that its board has approved a stock repurchase plan on Tuesday, May 17th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the industrial products company to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts have recently commented on ZBRA shares. Stephens reduced their price target on Zebra Technologies from $600.00 to $500.00 and set an “overweight” rating for the company in a research report on Wednesday. TheStreet lowered Zebra Technologies from a “b-” rating to a “c+” rating in a research report on Monday, June 27th. Needham & Company LLC reduced their price target on Zebra Technologies from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday. StockNews.com lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, June 9th. Finally, Robert W. Baird reduced their target price on Zebra Technologies from $550.00 to $440.00 in a research report on Wednesday, May 4th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $453.33.

Zebra Technologies Profile

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Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including vehicle mounts and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.

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

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