Mcrae Capital Management Inc. Buys Shares of 33,155 Zebra Technologies (NASDAQ:ZBRA)

Mcrae Capital Management Inc. bought a new stake in shares of Zebra Technologies (NASDAQ:ZBRA) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 33,155 shares of the industrial products company’s stock, valued at approximately $6,842,000. Zebra Technologies comprises about 2.7% of Mcrae Capital Management Inc.’s holdings, making the stock its 17th biggest position. Mcrae Capital Management Inc. owned about 0.06% of Zebra Technologies at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Zebra Technologies by 77.9% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 115,647 shares of the industrial products company’s stock worth $24,231,000 after purchasing an additional 50,627 shares during the last quarter. Cooper Financial Group raised its position in shares of Zebra Technologies by 11.2% in the 2nd quarter. Cooper Financial Group now owns 1,955 shares of the industrial products company’s stock worth $410,000 after buying an additional 197 shares during the period. Zions Bancorporation N.A. raised its position in shares of Zebra Technologies by 5.7% in the 2nd quarter. Zions Bancorporation N.A. now owns 1,803 shares of the industrial products company’s stock worth $378,000 after buying an additional 97 shares during the period. Gulf International Bank UK Ltd purchased a new position in shares of Zebra Technologies in the 2nd quarter worth $2,857,000. Finally, Sanders Morris Harris LLC purchased a new position in shares of Zebra Technologies in the 2nd quarter worth $1,875,000. Hedge funds and other institutional investors own 88.99% of the company’s stock.

NASDAQ:ZBRA traded up $0.46 during mid-day trading on Tuesday, reaching $206.24. The stock had a trading volume of 1,951 shares, compared to its average volume of 329,219. The company has a market capitalization of $10.99 billion, a price-to-earnings ratio of 20.17 and a beta of 1.62. Zebra Technologies has a 1-year low of $140.95 and a 1-year high of $237.15. The stock’s 50 day simple moving average is $201.99 and its two-hundred day simple moving average is $201.61. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.99 and a quick ratio of 0.59.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.02 EPS for the quarter, topping the Zacks’ consensus estimate of $2.70 by $0.32. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the firm earned $2.48 earnings per share. Sell-side analysts anticipate that Zebra Technologies will post 12.05 EPS for the current fiscal year.

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 1,549 shares of Zebra Technologies stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $196.00, for a total value of $303,604.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,664 shares in the company, valued at $914,144. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Anders Gustafsson sold 19,650 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $211.36, for a total value of $4,153,224.00. Following the completion of the transaction, the chief executive officer now owns 283,533 shares of the company’s stock, valued at $59,927,534.88. The disclosure for this sale can be found here. Insiders sold 23,177 shares of company stock valued at $4,865,483 over the last quarter. Insiders own 1.77% of the company’s stock.

Several research analysts recently weighed in on the company. Atlantic Securities assumed coverage on Zebra Technologies in a research report on Tuesday, August 27th. They issued an “overweight” rating and a $230.00 target price on the stock. Imperial Capital reissued an “outperform” rating and issued a $245.00 price objective (up from $230.00) on shares of Zebra Technologies in a research report on Thursday, August 1st. ValuEngine lowered Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Wellington Shields lowered Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, Morgan Stanley raised their price objective on Zebra Technologies from $189.00 to $205.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $230.38.

About Zebra Technologies

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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