Scout Investments Inc. Invests $51.77 Million in Zebra Technologies (ZBRA)

Scout Investments Inc. bought a new stake in shares of Zebra Technologies (NASDAQ:ZBRA) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 325,143 shares of the industrial products company’s stock, valued at approximately $51,773,000. Zebra Technologies accounts for about 1.3% of Scout Investments Inc.’s portfolio, making the stock its 13th biggest holding.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc grew its holdings in shares of Zebra Technologies by 5.1% during the third quarter. Vanguard Group Inc now owns 5,404,969 shares of the industrial products company’s stock valued at $955,760,000 after purchasing an additional 263,478 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Zebra Technologies by 3.4% during the third quarter. BlackRock Inc. now owns 4,789,918 shares of the industrial products company’s stock valued at $847,002,000 after purchasing an additional 155,572 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Zebra Technologies by 65.0% during the third quarter. Wells Fargo & Company MN now owns 1,526,432 shares of the industrial products company’s stock valued at $269,919,000 after purchasing an additional 601,225 shares during the last quarter. Pictet Asset Management Ltd. grew its holdings in shares of Zebra Technologies by 12.6% during the third quarter. Pictet Asset Management Ltd. now owns 818,181 shares of the industrial products company’s stock valued at $144,679,000 after purchasing an additional 91,361 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Zebra Technologies by 28.1% during the third quarter. AQR Capital Management LLC now owns 722,146 shares of the industrial products company’s stock valued at $127,697,000 after purchasing an additional 158,340 shares during the last quarter. 86.30% of the stock is owned by institutional investors.

In other Zebra Technologies news, Director Andrew K. Ludwick sold 34,000 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $178.04, for a total transaction of $6,053,360.00. Following the completion of the transaction, the director now directly owns 34,952 shares of the company’s stock, valued at approximately $6,222,854.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Anders Gustafsson sold 35,160 shares of the stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $182.73, for a total value of $6,424,786.80. Following the transaction, the chief executive officer now directly owns 314,092 shares of the company’s stock, valued at $57,394,031.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,640 shares of company stock valued at $12,930,449. 2.30% of the stock is currently owned by corporate insiders.

ZBRA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “buy” rating and issued a $180.00 price objective on shares of Zebra Technologies in a report on Friday, September 21st. BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 28th. Imperial Capital increased their price objective on Zebra Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, September 21st. Northcoast Research set a $200.00 price objective on Zebra Technologies and gave the stock a “buy” rating in a report on Tuesday, October 16th. Finally, Zacks Investment Research lowered Zebra Technologies from a “hold” rating to a “strong sell” rating in a report on Saturday, October 13th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $180.22.

NASDAQ ZBRA traded up $2.85 on Friday, reaching $163.20. 412,671 shares of the stock traded hands, compared to its average volume of 606,462. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.64 and a current ratio of 1.09. The firm has a market cap of $8.62 billion, a P/E ratio of 25.50 and a beta of 1.53. Zebra Technologies has a 12 month low of $110.48 and a 12 month high of $184.75.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $2.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.60 by $0.28. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Zebra Technologies had a return on equity of 49.81% and a net margin of 7.55%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the company posted $1.87 EPS. On average, research analysts predict that Zebra Technologies will post 10.04 earnings per share for the current fiscal year.

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About Zebra Technologies

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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

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