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

Amalgamated Bank lifted its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRAGet Rating) by 4.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 14,197 shares of the industrial products company’s stock after buying an additional 659 shares during the quarter. Amalgamated Bank’s holdings in Zebra Technologies were worth $5,873,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ZBRA. Zions Bancorporation N.A. raised its stake in Zebra Technologies by 1,100.0% in the 1st quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 55 shares in the last quarter. KRS Capital Management LLC acquired a new stake in Zebra Technologies in the 4th quarter worth about $29,000. Parkside Financial Bank & Trust raised its stake in Zebra Technologies by 58.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 68 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 25 shares in the last quarter. Baldwin Brothers LLC MA acquired a new stake in Zebra Technologies in the 1st quarter worth about $41,000. Finally, O Dell Group LLC acquired a new stake in Zebra Technologies in the 4th quarter worth about $50,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insider Activity at Zebra Technologies

In related news, insider Stephen Edgar Williams sold 2,331 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $328.50, for a total transaction of $765,733.50. Following the sale, the insider now directly owns 1,976 shares of the company’s stock, valued at approximately $649,116. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.11% of the stock is currently owned by insiders.

Zebra Technologies Trading Down 2.6 %

Shares of Zebra Technologies stock opened at $288.52 on Monday. The firm has a market capitalization of $14.94 billion, a PE ratio of 22.30 and a beta of 1.68. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 0.80. The firm’s 50 day moving average is $317.48 and its 200 day moving average is $344.98. Zebra Technologies Co. has a 1 year low of $283.72 and a 1 year high of $615.00.

Zebra Technologies (NASDAQ:ZBRAGet Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $4.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.93 by $0.68. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. Zebra Technologies had a net margin of 8.56% and a return on equity of 31.30%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.17 EPS. Equities research analysts forecast that Zebra Technologies Co. will post 16.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Morgan Stanley upgraded shares of Zebra Technologies from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $400.00 to $335.00 in a research note on Monday, May 23rd. Stephens decreased 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. UBS Group decreased 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. StockNews.com lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Thursday, June 9th. Finally, Needham & Company LLC decreased their target price 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $453.33.

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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