Acadian Asset Management LLC Increases Stock Position in Zebra Technologies Corporation $ZBRA

Key Points

• Acadian Asset Management LLC has increased its stake in Zebra Technologies Corporation by 58.3%, owning nearly 24,000 shares valued at approximately $6.77 million at the end of the last quarter.
• Zebra Technologies reported earnings per share of $3.61, surpassing expectations, with revenue of $1.29 billion, reflecting a 6.2% year-over-year increase.
• The company has authorized a share buyback plan worth $250 million, indicating management's belief that their stock is currently undervalued.

Acadian Asset Management LLC lifted its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 58.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,964 shares of the industrial products company's stock after acquiring an additional 8,829 shares during the quarter. Acadian Asset Management LLC's holdings in Zebra Technologies were worth $6,767,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Focus Partners Wealth boosted its stake in shares of Zebra Technologies by 18.1% during the 1st quarter. Focus Partners Wealth now owns 18,059 shares of the industrial products company's stock worth $5,103,000 after acquiring an additional 2,762 shares in the last quarter. Advisory Alpha LLC boosted its stake in shares of Zebra Technologies by 36.6% during the 1st quarter. Advisory Alpha LLC now owns 728 shares of the industrial products company's stock worth $206,000 after acquiring an additional 195 shares in the last quarter. Bayforest Capital Ltd lifted its stake in Zebra Technologies by 133.3% in the 1st quarter. Bayforest Capital Ltd now owns 938 shares of the industrial products company's stock valued at $265,000 after buying an additional 536 shares in the last quarter. Palogic Value Management L.P. lifted its stake in Zebra Technologies by 7.7% in the 1st quarter. Palogic Value Management L.P. now owns 994 shares of the industrial products company's stock valued at $281,000 after buying an additional 71 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Zebra Technologies by 7.2% in the 1st quarter. Empowered Funds LLC now owns 1,441 shares of the industrial products company's stock valued at $407,000 after buying an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Down 1.1%

Shares of ZBRA opened at $312.65 on Friday. The stock has a fifty day moving average of $321.40 and a two-hundred day moving average of $292.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. The company has a market capitalization of $15.90 billion, a PE ratio of 29.52 and a beta of 1.78. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.30. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.Zebra Technologies's revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $3.18 EPS. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. As a group, analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies declared that its Board of Directors has authorized a share buyback plan on Tuesday, August 5th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the industrial products company to reacquire up to 1.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. BNP Paribas raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Robert W. Baird upped their target price on Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. BNP Paribas Exane raised Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price on the stock in a research note on Thursday, July 10th. Morgan Stanley upped their target price on Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Finally, Needham & Company LLC boosted their price target on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $357.44.

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.

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