Comerica Bank Cuts Stake in Zebra Technologies Corporation $ZBRA

Key Points

• Comerica Bank reduced its stake in Zebra Technologies by 9.7%, holding 10,175 shares valued at approximately $2.88 million as of the latest SEC filing.
• Zebra Technologies posted a quarterly earnings per share of $3.61, exceeding analysts' estimates of $3.31, with a 6.2% increase in revenue year-over-year.
• The company has initiated a $250 million share repurchase program, a move often signifying that management believes the company’s stock is undervalued.

Comerica Bank reduced its position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 9.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,175 shares of the industrial products company's stock after selling 1,097 shares during the quarter. Comerica Bank's holdings in Zebra Technologies were worth $2,875,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV purchased a new stake in Zebra Technologies in the 4th quarter worth about $27,000. Zions Bancorporation National Association UT purchased a new position in shares of Zebra Technologies during the first quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Zebra Technologies during the first quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Zebra Technologies during the first quarter worth approximately $30,000. Finally, Brooklyn Investment Group increased its position 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 worth $30,000 after acquiring an additional 54 shares during the period. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Down 0.2%

ZBRA traded down $0.59 during trading on Friday, hitting $310.66. The stock had a trading volume of 105,411 shares, compared to its average volume of 583,674. The company has a market capitalization of $15.80 billion, a PE ratio of 29.33 and a beta of 1.78. 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 quick ratio of 1.03 and a current ratio of 1.46. The stock has a 50 day simple moving average of $321.93 and a two-hundred day simple moving average of $292.88.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, beating 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 company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm earned $3.18 earnings per share. Zebra Technologies'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. On average, research analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies declared that its Board of Directors has initiated a stock buyback program on Tuesday, August 5th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the industrial products company to reacquire up to 1.4% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays set a $301.00 target price on shares of Zebra Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. BNP Paribas raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report 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 report on Monday, July 14th. Robert W. Baird raised their target price on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Finally, Needham & Company LLC increased their price objective on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.