New South Capital Management Inc. Sells 6,896 Shares of Zebra Technologies Co. (NASDAQ:ZBRA)

New South Capital Management Inc. reduced its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 457,126 shares of the industrial products company's stock after selling 6,896 shares during the period. Zebra Technologies comprises about 6.9% of New South Capital Management Inc.'s holdings, making the stock its 3rd largest holding. New South Capital Management Inc. owned approximately 0.89% of Zebra Technologies worth $169,283,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Zebra Technologies by 1.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company's stock valued at $447,828,000 after acquiring an additional 24,058 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Zebra Technologies by 44.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company's stock valued at $414,117,000 after purchasing an additional 425,207 shares during the period. Boston Partners lifted its stake in shares of Zebra Technologies by 9.7% in the first quarter. Boston Partners now owns 1,108,819 shares of the industrial products company's stock worth $334,230,000 after buying an additional 98,045 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Zebra Technologies by 4.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 426,660 shares of the industrial products company's stock worth $158,001,000 after buying an additional 18,922 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Zebra Technologies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company's stock valued at $120,650,000 after buying an additional 21,534 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the company's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the sale, the insider now owns 9,694 shares in the company, valued at $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the transaction, the insider now owns 9,694 shares in the company, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Nathan Andrew Winters sold 1,837 shares of the firm's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $381.73, for a total transaction of $701,238.01. Following the completion of the transaction, the chief financial officer now directly owns 11,421 shares in the company, valued at approximately $4,359,738.33. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.06% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on ZBRA shares. Redburn Atlantic raised Zebra Technologies to a "strong-buy" rating in a research report on Wednesday, July 31st. StockNews.com upgraded shares of Zebra Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, October 31st. Morgan Stanley raised their price target on shares of Zebra Technologies from $290.00 to $305.00 and gave the stock an "underweight" rating in a research note on Wednesday, October 30th. TD Cowen upped their price objective on Zebra Technologies from $380.00 to $425.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Stephens increased their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $385.18.

Zebra Technologies Price Performance

Zebra Technologies stock traded down $0.47 during mid-day trading on Tuesday, hitting $402.69. The stock had a trading volume of 325,399 shares, compared to its average volume of 362,614. The company has a current ratio of 1.37, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61. The firm's 50 day moving average is $364.88 and its 200 day moving average is $336.26. The firm has a market capitalization of $20.77 billion, a P/E ratio of 54.85 and a beta of 1.64. Zebra Technologies Co. has a one year low of $202.01 and a one year high of $405.62.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.49 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.57. The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm's revenue for the quarter was up 31.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS. On average, sell-side analysts forecast that Zebra Technologies Co. will post 12.4 earnings per share for the current fiscal year.

About Zebra Technologies

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 that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, 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.