Zebra Technologies Corporation $ZBRA Shares Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. reduced its stake in Zebra Technologies by 26.4%, now owning 30,156 shares valued at approximately $8.5 million.
• Several institutional investors are diversifying their positions in Zebra Technologies, with 91.03% of the company's stock owned by such investors.
• Zebra Technologies announced a $250 million share repurchase plan as signs of confidence in the company's valuation following recent earnings exceeding analyst expectations.

Candriam S.C.A. lessened its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 26.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,156 shares of the industrial products company's stock after selling 10,810 shares during the period. Candriam S.C.A. owned about 0.06% of Zebra Technologies worth $8,521,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Kovitz Investment Group Partners LLC acquired a new position in Zebra Technologies during the fourth quarter valued at approximately $107,254,000. Victory Capital Management Inc. lifted its holdings in shares of Zebra Technologies by 27.5% during the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock valued at $334,469,000 after acquiring an additional 255,193 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Zebra Technologies by 5,704.9% during the first quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company's stock valued at $73,286,000 after acquiring an additional 254,895 shares during the period. GAMMA Investing LLC increased its stake in shares of Zebra Technologies by 20,849.2% in the first 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 in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Zebra Technologies in the first quarter valued at $46,633,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Price Performance

Zebra Technologies stock traded up $14.28 during midday trading on Friday, hitting $322.79. 495,416 shares of the company's stock were exchanged, compared to its average volume of 703,604. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. The stock has a 50-day moving average price of $318.43 and a two-hundred day moving average price of $293.81. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week high of $427.76. 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 (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.31 by $0.30. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the company posted $3.18 EPS. Zebra Technologies's quarterly 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. On average, equities research analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies announced that its board has authorized a share repurchase program on Tuesday, August 5th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the industrial products company to reacquire up to 1.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ZBRA. Citigroup reiterated a "neutral" rating and issued a $342.00 price objective (up from $280.00) on shares of Zebra Technologies in a research report on Monday, July 14th. Truist Financial boosted 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 research report on Thursday, July 10th. Barclays set a $301.00 target price on Zebra Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen downgraded Zebra Technologies from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Zebra Technologies presently has a consensus rating of "Moderate Buy" and an average price target 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.