Hancock Whitney Corp Decreases Stake in Zebra Technologies (NASDAQ:ZBRA)

Hancock Whitney Corp lowered its position in Zebra Technologies (NASDAQ:ZBRA) by 25.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,114 shares of the industrial products company’s stock after selling 24,528 shares during the quarter. Hancock Whitney Corp owned approximately 0.13% of Zebra Technologies worth $14,688,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Shamrock Asset Management LLC purchased a new position in Zebra Technologies in the second quarter worth approximately $35,000. Bessemer Group Inc. raised its holdings in Zebra Technologies by 451.5% during the second quarter. Bessemer Group Inc. now owns 182 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 149 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Zebra Technologies during the second quarter worth approximately $89,000. AdvisorNet Financial Inc raised its holdings in Zebra Technologies by 58.1% during the second quarter. AdvisorNet Financial Inc now owns 427 shares of the industrial products company’s stock worth $89,000 after purchasing an additional 157 shares in the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Zebra Technologies during the first quarter worth approximately $90,000. Institutional investors own 88.90% of the company’s stock.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Zebra Technologies from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. Morgan Stanley raised their price objective on shares of Zebra Technologies from $189.00 to $205.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. Wellington Shields cut shares of Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a report on Thursday, July 18th. ValuEngine raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, BidaskClub cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. Zebra Technologies presently has a consensus rating of “Buy” and an average price target of $223.67.

In related news, Director Chirantan Jitendra Desai sold 1,978 shares of Zebra Technologies stock in a transaction on Monday, August 19th. The shares were sold at an average price of $206.60, for a total value of $408,654.80. Following the transaction, the director now directly owns 5,955 shares in the company, valued at approximately $1,230,303. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Colleen M. O’sullivan sold 1,549 shares of Zebra Technologies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $196.00, for a total transaction of $303,604.00. Following the completion of the transaction, the chief accounting officer now owns 4,664 shares in the company, valued at $914,144. The disclosure for this sale can be found here. Insiders sold a total of 23,177 shares of company stock worth $4,865,483 over the last ninety days. Corporate insiders own 1.77% of the company’s stock.

Shares of Zebra Technologies stock traded down $6.60 during trading on Tuesday, reaching $199.77. The company’s stock had a trading volume of 15,233 shares, compared to its average volume of 349,125. The company has a 50-day moving average price of $203.19 and a two-hundred day moving average price of $202.73. The firm has a market cap of $10.94 billion, a PE ratio of 19.63 and a beta of 1.65. Zebra Technologies has a fifty-two week low of $140.95 and a fifty-two week high of $237.15. The company has a current ratio of 0.99, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07.

Zebra Technologies (NASDAQ:ZBRA) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.32. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Zebra Technologies had a net margin of 10.95% and a return on equity of 43.60%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.48 EPS. On average, analysts predict that Zebra Technologies will post 12.1 earnings per share for the current fiscal year.

Zebra Technologies Profile

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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