Great Lakes Advisors LLC Sells 3,080 Shares of Zebra Technologies Corporation $ZBRA

Great Lakes Advisors LLC cut its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 11.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,765 shares of the industrial products company’s stock after selling 3,080 shares during the period. Great Lakes Advisors LLC’s holdings in Zebra Technologies were worth $7,062,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Elevation Point Wealth Partners LLC boosted its stake in Zebra Technologies by 3.4% in the second quarter. Elevation Point Wealth Partners LLC now owns 986 shares of the industrial products company’s stock worth $304,000 after purchasing an additional 32 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Zebra Technologies by 19.2% in the second quarter. Parkside Financial Bank & Trust now owns 205 shares of the industrial products company’s stock valued at $63,000 after buying an additional 33 shares during the last quarter. Wealth Alliance LLC raised its holdings in shares of Zebra Technologies by 3.5% in the second quarter. Wealth Alliance LLC now owns 978 shares of the industrial products company’s stock valued at $302,000 after buying an additional 33 shares during the last quarter. Brown Advisory Inc. lifted its position in Zebra Technologies by 2.1% during the 2nd quarter. Brown Advisory Inc. now owns 1,787 shares of the industrial products company’s stock worth $551,000 after buying an additional 36 shares in the last quarter. Finally, Dearborn Partners LLC grew its holdings in Zebra Technologies by 3.9% during the 2nd quarter. Dearborn Partners LLC now owns 1,200 shares of the industrial products company’s stock worth $370,000 after acquiring an additional 45 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ZBRA has been the subject of a number of research analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Zebra Technologies in a research note on Thursday, October 30th. Citigroup dropped their price objective on shares of Zebra Technologies from $346.00 to $311.00 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Zebra Technologies in a report on Wednesday, January 21st. Barclays lifted their target price on Zebra Technologies from $360.00 to $368.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Finally, Zacks Research raised Zebra Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $350.00.

Zebra Technologies Stock Performance

ZBRA stock opened at $237.96 on Friday. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $402.07. The company has a quick ratio of 1.19, a current ratio of 1.61 and a debt-to-equity ratio of 0.56. The company has a market cap of $12.06 billion, a P/E ratio of 23.99 and a beta of 1.68. The business’s fifty day moving average is $252.22 and its 200-day moving average is $284.92.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $3.88 EPS for the quarter, beating analysts’ consensus estimates of $3.75 by $0.13. Zebra Technologies had a return on equity of 18.08% and a net margin of 9.74%.The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the company posted $3.49 earnings per share. The firm’s revenue was up 5.2% on a year-over-year basis. Equities research analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Insider Activity

In related news, Director Satish Dhanasekaran bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of $233.12 per share, for a total transaction of $233,120.00. Following the transaction, the director owned 3,356 shares of the company’s stock, valued at $782,350.72. This represents a 42.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.84% of the company’s stock.

About Zebra Technologies

Zebra Technologies Corporation is a global technology company specializing in marking, tracking and computer printing solutions. The company produces a wide range of hardware and software products designed to enable real-time visibility of assets, inventory and personnel across diverse industries. Its offerings help businesses automate data capture and streamline operations in environments such as retail, healthcare, manufacturing, transportation and logistics.

The company’s product portfolio includes barcode and RFID printers, mobile computing devices, barcode scanners, RFID readers and related supplies such as labels and tags.