BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Reduces Stake in Zebra Technologies Corporation $ZBRA

Key Points

• British Columbia Investment Management Corp reduced its holdings in Zebra Technologies by 14.5%, selling 20,413 shares during the first quarter, leaving it with 120,562 shares valued at approximately $34 million.
• Multiple institutional investors, including AlphaQuest LLC and Allstate Corp, increased their stakes in Zebra Technologies, reflecting a broader interest from institutional investors who now own 91.03% of the company's stock.
• Zebra Technologies' recent earnings report showed an EPS of $3.61, surpassing estimates, while the company authorized a $250 million share repurchase program to indicate confidence in its stock value.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 14.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,562 shares of the industrial products company's stock after selling 20,413 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.23% of Zebra Technologies worth $34,066,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Brown Advisory Inc. boosted its position in Zebra Technologies by 8.7% in the 1st quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company's stock worth $495,000 after purchasing an additional 140 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Zebra Technologies by 33.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock worth $2,236,000 after purchasing an additional 1,964 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in Zebra Technologies by 6.4% in the 4th quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock worth $460,000 after purchasing an additional 72 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Zebra Technologies by 1.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock worth $981,000 after purchasing an additional 66 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Zebra Technologies by 6.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock worth $6,024,000 after purchasing an additional 1,267 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Price Performance

NASDAQ ZBRA traded down $3.24 during mid-day trading on Monday, hitting $319.55. The stock had a trading volume of 310,201 shares, compared to its average volume of 703,604. The firm's 50 day moving average is $318.96 and its 200 day moving average is $293.50. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. The stock has a market capitalization of $16.25 billion, a price-to-earnings ratio of 30.17 and a beta of 1.75.

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

Zebra Technologies announced that its Board of Directors has initiated a stock buyback plan on Tuesday, August 5th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the industrial products company to repurchase up to 1.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ZBRA. Barclays set a $301.00 target price on Zebra Technologies and gave the stock an "equal weight" rating in a research note on Tuesday, August 5th. BNP Paribas raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Citigroup reaffirmed a "neutral" rating and set a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a research note on Monday, July 14th. Needham & Company LLC upped their target price on Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, BNP Paribas Exane raised Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a research note on Thursday, July 10th. One investment 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 MarketBeat.com, Zebra Technologies has a consensus rating of "Moderate Buy" and an average price target 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.