Canada Pension Plan Investment Board Boosts Stake in Zebra Technologies Corporation $ZBRA

Key Points

• The Canada Pension Plan Investment Board increased its stake in Zebra Technologies by 54.8%, now owning 48,173 shares valued at approximately $13.6 million.
• Several brokerages have adjusted their price targets for Zebra Technologies, with Truist Financial raising it from $269 to $319 and Robert W. Baird from $320 to $367, indicating strong confidence in the company.
• Zebra Technologies announced a $250 million share buyback program, suggesting management believes the stock is currently undervalued.

Canada Pension Plan Investment Board raised its position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 54.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,173 shares of the industrial products company's stock after purchasing an additional 17,049 shares during the quarter. Canada Pension Plan Investment Board owned 0.09% of Zebra Technologies worth $13,612,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. grew its stake in shares of Zebra Technologies by 5.7% in the fourth quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock valued at $251,000 after buying an additional 35 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in Zebra Technologies by 1.9% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,866 shares of the industrial products company's stock valued at $527,000 after acquiring an additional 35 shares in the last quarter. GTS Securities LLC increased its stake in Zebra Technologies by 5.0% during the fourth quarter. GTS Securities LLC now owns 794 shares of the industrial products company's stock worth $307,000 after purchasing an additional 38 shares during the period. Allworth Financial LP lifted its position in shares of Zebra Technologies by 29.7% during the first quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock worth $54,000 after purchasing an additional 44 shares in the last quarter. Finally, Horizon Investments LLC boosted its stake in shares of Zebra Technologies by 6.5% in the first quarter. Horizon Investments LLC now owns 750 shares of the industrial products company's stock valued at $212,000 after purchasing an additional 46 shares during the period. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on ZBRA. Truist Financial raised their price target 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. Robert W. Baird upped their price target on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Barclays set a $301.00 price objective on Zebra Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Citigroup reaffirmed a "neutral" rating and issued a $342.00 target price (up previously from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Finally, BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $357.44.

Zebra Technologies Stock Down 1.5%

ZBRA stock opened at $317.09 on Tuesday. The company's 50 day moving average is $321.66 and its two-hundred day moving average is $292.74. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76. 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 stock has a market cap of $16.12 billion, a P/E ratio of 29.94 and a beta of 1.79.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly 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 analyst estimates of $1.29 billion. During the same period last year, the business earned $3.18 EPS. Zebra Technologies's revenue for the quarter 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. Research analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies declared that its board has initiated a share repurchase program on Tuesday, August 5th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

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.

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