ASR Vermogensbeheer N.V. Purchases New Shares in Zebra Technologies Corporation (NASDAQ:ZBRA)

Key Points

• ASR Vermogensbeheer N.V. has invested approximately $623,000 in Zebra Technologies by acquiring 2,205 shares during the first quarter of the year.
• Zebra Technologies reported $3.61 earnings per share in its latest earnings results, exceeding the consensus estimate of $3.31, with a year-over-year revenue increase of 6.2%.
• The board of Zebra Technologies has authorized a $250 million stock buyback plan, indicating confidence that the company's shares are undervalued.

ASR Vermogensbeheer N.V. purchased a new position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,205 shares of the industrial products company's stock, valued at approximately $623,000.

A number of other large investors have also recently made changes to their positions in ZBRA. American Century Companies Inc. grew its stake in shares of Zebra Technologies by 11.7% in the fourth quarter. American Century Companies Inc. now owns 2,040 shares of the industrial products company's stock worth $788,000 after acquiring an additional 213 shares during the period. Wellington Management Group LLP grew its stake in shares of Zebra Technologies by 222.4% in the fourth quarter. Wellington Management Group LLP now owns 11,145 shares of the industrial products company's stock worth $4,304,000 after acquiring an additional 7,688 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Zebra Technologies during the fourth quarter valued at approximately $212,000. Federated Hermes Inc. grew its position in Zebra Technologies by 51.8% during the fourth quarter. Federated Hermes Inc. now owns 416 shares of the industrial products company's stock valued at $161,000 after buying an additional 142 shares during the period. Finally, Cerity Partners LLC grew its position in Zebra Technologies by 7.7% during the fourth quarter. Cerity Partners LLC now owns 11,494 shares of the industrial products company's stock valued at $4,294,000 after buying an additional 826 shares during the period. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded up $9.66 during trading hours on Wednesday, hitting $337.80. 499,073 shares of the stock traded hands, compared to its average volume of 597,578. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. Zebra Technologies Corporation has a 1 year low of $205.73 and a 1 year high of $427.76. The company has a market cap of $17.18 billion, a price-to-earnings ratio of 31.90 and a beta of 1.75. The stock has a 50 day moving average price of $314.35 and a 200 day moving average price of $298.55.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, topping the consensus estimate of $3.31 by $0.30. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $3.18 earnings per share. The company's quarterly revenue was up 6.2% compared to the same quarter last year. Sell-side analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ZBRA. Barclays boosted their target price on shares of Zebra Technologies from $263.00 to $301.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a research report on Thursday, July 10th. Truist Financial boosted their target price on shares of Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. Wall Street Zen lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Citigroup restated a "neutral" rating and set a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a research report on Monday, July 14th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $357.44.

Zebra Technologies Company 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.