Advisors Asset Management Inc. Boosts Stock Position in Zebra Technologies Corporation $ZBRA

Key Points

• Advisors Asset Management Inc. increased its holdings in Zebra Technologies by 76.1%, acquiring an additional 2,297 shares during the first quarter, bringing its total to 5,316 shares valued at approximately $1.5 million.
• Zebra Technologies reported an EPS of $3.61 for the last quarter, exceeding analysts' estimates, and has provided a fiscal year 2025 guidance of $15.250 to $15.750 EPS.
• The company has initiated a $250 million share repurchase plan, suggesting that its board believes the stock is currently undervalued.

Advisors Asset Management Inc. lifted its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 76.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,316 shares of the industrial products company's stock after acquiring an additional 2,297 shares during the quarter. Advisors Asset Management Inc.'s holdings in Zebra Technologies were worth $1,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in ZBRA. Investment Management Corp VA ADV bought a new position in shares of Zebra Technologies during the fourth quarter worth about $27,000. Zions Bancorporation National Association UT bought a new stake in Zebra Technologies in the first quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC bought a new stake in Zebra Technologies in the first quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Zebra Technologies in the first quarter worth approximately $30,000. Finally, Brooklyn Investment Group increased its holdings in Zebra Technologies by 101.9% in the first quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock worth $30,000 after purchasing an additional 54 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Stock Down 1.1%

Shares of NASDAQ:ZBRA traded down $3.36 during mid-day trading on Friday, hitting $312.65. 516,923 shares of the company traded hands, compared to its average volume of 452,336. The stock has a market cap of $15.90 billion, a P/E ratio of 29.52 and a beta of 1.78. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76. The stock has a 50-day moving average price of $321.40 and a two-hundred day moving average price of $292.46.

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

Zebra Technologies declared that its board has authorized a stock buyback program on Tuesday, August 5th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

ZBRA has been the subject of a number of research analyst reports. Truist Financial lifted their target price on Zebra Technologies from $269.00 to $319.00 and gave the stock a "hold" rating in a report on Wednesday, August 6th. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Barclays set a $301.00 price objective on Zebra Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Citigroup restated a "neutral" rating and set a $342.00 price objective (up previously from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Finally, Robert W. Baird boosted their price objective on Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $357.44.

Zebra Technologies Profile

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.