Amalgamated Bank Has $5.87 Million Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Amalgamated Bank lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRAGet Rating) by 4.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,197 shares of the industrial products company’s stock after purchasing an additional 659 shares during the period. Amalgamated Bank’s holdings in Zebra Technologies were worth $5,873,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ZBRA. Aureus Asset Management LLC lifted its holdings in Zebra Technologies by 3.5% in the fourth quarter. Aureus Asset Management LLC now owns 748 shares of the industrial products company’s stock valued at $445,000 after buying an additional 25 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Zebra Technologies by 58.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 68 shares of the industrial products company’s stock valued at $40,000 after buying an additional 25 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Zebra Technologies by 5.3% in the first quarter. Hexagon Capital Partners LLC now owns 560 shares of the industrial products company’s stock valued at $232,000 after buying an additional 28 shares during the period. Venture Visionary Partners LLC lifted its holdings in Zebra Technologies by 4.0% in the first quarter. Venture Visionary Partners LLC now owns 726 shares of the industrial products company’s stock valued at $300,000 after buying an additional 28 shares during the period. Finally, Mutual of America Capital Management LLC lifted its holdings in Zebra Technologies by 0.4% in the first quarter. Mutual of America Capital Management LLC now owns 7,086 shares of the industrial products company’s stock valued at $2,931,000 after buying an additional 29 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ZBRA shares. Needham & Company LLC cut their price objective on shares of Zebra Technologies from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Stephens cut their target price on shares of Zebra Technologies from $600.00 to $500.00 and set an “overweight” rating on the stock in a report on Wednesday, August 3rd. TheStreet lowered shares of Zebra Technologies from a “b-” rating to a “c+” rating in a report on Monday, June 27th. StockNews.com lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 9th. Finally, UBS Group cut their target price on shares of Zebra Technologies from $510.00 to $495.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. Two equities research 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $453.33.

Insider Activity at Zebra Technologies

In related news, insider Stephen Edgar Williams sold 2,331 shares of the firm’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $328.50, for a total value of $765,733.50. Following the completion of the transaction, the insider now owns 1,976 shares of the company’s stock, valued at $649,116. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.11% of the stock is owned by insiders.

Zebra Technologies Stock Down 2.6 %

Shares of ZBRA stock opened at $288.52 on Monday. The firm has a fifty day moving average of $317.48 and a 200-day moving average of $344.98. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 0.80. Zebra Technologies Co. has a 12-month low of $283.72 and a 12-month high of $615.00. The company has a market capitalization of $14.94 billion, a price-to-earnings ratio of 22.30 and a beta of 1.68.

Zebra Technologies (NASDAQ:ZBRAGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The industrial products company reported $4.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.93 by $0.68. Zebra Technologies had a net margin of 8.56% and a return on equity of 31.30%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm earned $4.17 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts predict that Zebra Technologies Co. will post 16.89 earnings per share for the current fiscal year.

About Zebra Technologies

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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.

Further Reading

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

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