Northern Trust Corp Purchases 67,409 Shares of Zebra Technologies (NASDAQ:ZBRA)

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Northern Trust Corp grew its position in shares of Zebra Technologies (NASDAQ:ZBRA) by 14.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 522,118 shares of the industrial products company’s stock after buying an additional 67,409 shares during the quarter. Northern Trust Corp’s holdings in Zebra Technologies were worth $109,378,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC purchased a new stake in shares of Zebra Technologies during the 2nd quarter worth approximately $89,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Zebra Technologies by 16.7% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 24,527 shares of the industrial products company’s stock worth $5,138,000 after purchasing an additional 3,510 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in shares of Zebra Technologies by 5.1% during the 2nd quarter. Gateway Investment Advisers LLC now owns 30,808 shares of the industrial products company’s stock worth $6,454,000 after purchasing an additional 1,504 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Zebra Technologies during the 2nd quarter worth approximately $566,000. Finally, Courier Capital LLC increased its stake in shares of Zebra Technologies by 16.5% during the 2nd quarter. Courier Capital LLC now owns 1,138 shares of the industrial products company’s stock worth $238,000 after purchasing an additional 161 shares during the last quarter. 89.27% of the stock is currently owned by hedge funds and other institutional investors.

In other Zebra Technologies news, SVP Jeffrey F. Schmitz sold 4,019 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $192.37, for a total value of $773,135.03. Following the completion of the transaction, the senior vice president now directly owns 8,436 shares of the company’s stock, valued at approximately $1,622,833.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Bill Burns sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $201.05, for a total transaction of $1,005,250.00. Following the completion of the transaction, the senior vice president now directly owns 23,968 shares of the company’s stock, valued at $4,818,766.40. The disclosure for this sale can be found here. Insiders sold a total of 54,457 shares of company stock valued at $11,115,417 over the last quarter. 1.77% of the stock is owned by company insiders.

Zebra Technologies stock traded up $4.60 during mid-day trading on Friday, reaching $201.88. The company’s stock had a trading volume of 13,612 shares, compared to its average volume of 344,116. Zebra Technologies has a 12-month low of $140.95 and a 12-month high of $237.15. The company has a market capitalization of $10.68 billion, a P/E ratio of 19.80 and a beta of 1.65. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.99. The firm’s fifty day moving average price is $201.38 and its two-hundred day moving average price is $202.59.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.32. Zebra Technologies had a net margin of 10.95% and a return on equity of 43.60%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business earned $2.48 EPS. Zebra Technologies’s revenue was up 8.4% compared to the same quarter last year. On average, research analysts predict that Zebra Technologies will post 12.1 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on ZBRA shares. Imperial Capital restated an “outperform” rating and set a $245.00 price target (up previously from $230.00) on shares of Zebra Technologies in a research note on Thursday, August 1st. Atlantic Securities started coverage on shares of Zebra Technologies in a research note on Tuesday, August 27th. They set an “overweight” rating and a $230.00 price target for the company. BidaskClub lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 17th. Zacks Investment Research lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, July 20th. Finally, ValuEngine upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $226.00.

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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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 (NASDAQ:ZBRA).

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

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