Charter Capital Management LLC DE Buys Shares of 1,850 Zebra Technologies Corporation $ZBRA

Key Points

• Charter Capital Management LLC DE has acquired a new stake in Zebra Technologies, purchasing 1,850 shares valued at approximately $570,000, making it the 29th largest position in its portfolio.
• Analyst ratings for Zebra Technologies have largely improved, with Truist Financial raising its price target from $269 to $319 and Zacks upgrading the stock from a "hold" to a "strong-buy" rating.
• Zebra Technologies reported earnings per share of $3.61 for Q2, surpassing the consensus estimate by $0.30, and announced a $250 million share buyback program to repurchase up to 1.4% of its stock.

Charter Capital Management LLC DE bought a new stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,850 shares of the industrial products company's stock, valued at approximately $570,000. Zebra Technologies comprises 0.3% of Charter Capital Management LLC DE's investment portfolio, making the stock its 29th largest position.

Other hedge funds have also recently made changes to their positions in the company. Zions Bancorporation National Association UT bought a new position in Zebra Technologies during the 1st quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Zebra Technologies in the first quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Zebra Technologies in the first quarter worth $30,000. Brooklyn Investment Group increased its holdings in shares of Zebra Technologies by 101.9% during the first quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 54 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Zebra Technologies by 29.7% in the 1st quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock worth $54,000 after purchasing an additional 44 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ZBRA has been the topic of several recent analyst reports. Truist Financial increased their price objective 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. Zacks Research upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. Citigroup reissued a "neutral" rating and set a $342.00 price target (up previously from $280.00) on shares of Zebra Technologies in a research report on Monday, July 14th. Robert W. Baird boosted their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Finally, Morgan Stanley increased their target price on Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $357.44.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $314.05 on Wednesday. The firm's 50 day moving average price is $320.72 and its 200-day moving average price is $293.19. Zebra Technologies Corporation has a twelve month low of $205.73 and a twelve month high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $15.97 billion, a PE ratio of 29.66 and a beta of 1.79.

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 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 analysts' expectations of $1.29 billion. During the same quarter in the prior year, the business earned $3.18 EPS. The business's quarterly revenue was up 6.2% on a year-over-year basis. 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 expect that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies announced that its board has approved 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 reacquire up to 1.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management 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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