APG Asset Management N.V. Sells 25,852 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• APG Asset Management N.V. has reduced its stake in Zebra Technologies by 3.0%, selling 25,852 shares and retaining 840,382 shares, which constitutes about 0.7% of its total holdings.
• Zebra Technologies recently reported quarterly earnings of $3.61 per share, surpassing analysts' expectations, along with a revenue of $1.29 billion, reflecting a 6.2% increase year-over-year.
• The stock has gained 4.6% recently, and multiple analysts have upgraded their ratings, with a consensus "Moderate Buy" rating and an average price target set at $357.44.

APG Asset Management N.V. trimmed its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 3.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 840,382 shares of the industrial products company's stock after selling 25,852 shares during the quarter. Zebra Technologies accounts for about 0.7% of APG Asset Management N.V.'s holdings, making the stock its 28th biggest holding. APG Asset Management N.V. owned approximately 1.64% of Zebra Technologies worth $219,828,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ZBRA. Kovitz Investment Group Partners LLC bought a new stake in shares of Zebra Technologies in the 4th quarter worth approximately $107,254,000. Victory Capital Management Inc. lifted its holdings in shares of Zebra Technologies by 27.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock worth $334,469,000 after acquiring an additional 255,193 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Zebra Technologies by 5,704.9% during the 1st quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company's stock valued at $73,286,000 after buying an additional 254,895 shares during the last quarter. GAMMA Investing LLC raised its holdings in Zebra Technologies by 20,849.2% during the 1st quarter. GAMMA Investing LLC now owns 255,999 shares of the industrial products company's stock valued at $72,335,000 after buying an additional 254,777 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Zebra Technologies during the 1st quarter valued at $46,633,000. 91.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ZBRA shares. BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target for the company in a report on Thursday, July 10th. Barclays set a $301.00 price target on shares of Zebra Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Truist Financial upped their price target on shares of Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Finally, Robert W. Baird upped their price target on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $357.44.

Zebra Technologies Stock Up 4.6%

Shares of Zebra Technologies stock opened at $322.79 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The company's fifty day simple moving average is $318.43 and its two-hundred day simple moving average is $295.03. The company has a market cap of $16.41 billion, a P/E ratio of 30.48 and a beta of 1.75. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.31 by $0.30. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Research analysts anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies announced that its board has authorized a share 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 repurchase up to 1.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

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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