Deroy & Devereaux Private Investment Counsel Inc. Purchases New Holdings in Zebra Technologies Corporation $ZBRA

Key Points

• Deroy & Devereaux initiated a position in Zebra Technologies during the third quarter, purchasing 98,333 shares valued at approximately $36.7 million. The stake represents about 1.6% of the fund’s portfolio and 0.21% of Zebra’s outstanding shares.
• Institutional ownership remains high at 91.03%, with several major investors—including Swedbank, Arrowstreet Capital, Renaissance Technologies and Dimensional Fund Advisors—substantially increasing their holdings.
• Zebra reported quarterly earnings of $6.35 per share and revenue of $1.56 billion, exceeding analyst expectations, while analysts maintain a “Moderate Buy” consensus and an average price target of $385.83.

Deroy & Devereaux Private Investment Counsel Inc. purchased a new position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 98,333 shares of the industrial products company's stock, valued at approximately $36,709,000. Zebra Technologies makes up about 1.6% of Deroy & Devereaux Private Investment Counsel Inc.'s portfolio, making the stock its 23rd largest holding. Deroy & Devereaux Private Investment Counsel Inc. owned about 0.21% of Zebra Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of ZBRA. Swedbank AB raised its stake in shares of Zebra Technologies by 958.0% in the first quarter. Swedbank AB now owns 417,898 shares of the industrial products company's stock valued at $87,374,000 after acquiring an additional 378,400 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Zebra Technologies by 111.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 500,628 shares of the industrial products company's stock valued at $104,671,000 after purchasing an additional 264,015 shares during the period. Renaissance Technologies LLC boosted its holdings in Zebra Technologies by 415.3% in the first quarter. Renaissance Technologies LLC now owns 288,311 shares of the industrial products company's stock valued at $60,280,000 after purchasing an additional 232,360 shares during the period. Dimensional Fund Advisors LP grew its stake in Zebra Technologies by 37.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 686,335 shares of the industrial products company's stock worth $143,473,000 after purchasing an additional 185,387 shares in the last quarter. Finally, Oslo Pensjonsforsikring AS acquired a new position in Zebra Technologies during the 1st quarter worth $26,993,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Insider Buying and Selling

In other Zebra Technologies news, insider Michael Cho sold 3,500 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $375.20, for a total transaction of $1,313,200.00. Following the sale, the insider owned 5,170 shares of the company's stock, valued at approximately $1,939,784. This trade represents a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Linda Connly sold 500 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $377.68, for a total transaction of $188,840.00. Following the sale, the director owned 3,708 shares of the company's stock, valued at $1,400,437.44. This represents a 11.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.91% of the stock is currently owned by company insiders.

Zebra Technologies Trading Down 0.6%

NASDAQ:ZBRA opened at $384.15 on Tuesday. Zebra Technologies Corporation has a 1 year low of $199.05 and a 1 year high of $392.78. The stock has a market cap of $18.30 billion, a P/E ratio of 24.11 and a beta of 1.58. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.33 and a current ratio of 0.52. The stock has a 50-day simple moving average of $366.33 and a 200-day simple moving average of $277.38.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $6.35 earnings per share for the quarter, topping the consensus estimate of $4.36 by $1.99. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.50 billion. Zebra Technologies had a return on equity of 22.29% and a net margin of 9.22%. The business's quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company earned $3.61 EPS. Zebra Technologies has set its Q3 2026 guidance at 4.700-4.900 EPS and its FY 2026 guidance at 20.750-21.250 EPS. As a group, analysts anticipate that Zebra Technologies Corporation will post 18.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on ZBRA. BNP Paribas Exane restated an "outperform" rating and set a $455.00 price target (up from $370.00) on shares of Zebra Technologies in a report on Wednesday, August 5th. Zacks Research lowered Zebra Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 5th. Wall Street Zen cut Zebra Technologies from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Barclays boosted their price objective on Zebra Technologies from $410.00 to $416.00 and gave the stock an "overweight" rating in a research report on Monday, October 12th. Finally, Morgan Stanley set a $360.00 price objective on Zebra Technologies in a research report on Wednesday, August 5th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $385.83.

Zebra Technologies Profile

Zebra Technologies Corp. NASDAQ: ZBRA develops technologies that help businesses identify, track and manage assets, inventory and operational processes. Its solutions are used by organizations in retail, manufacturing, transportation and logistics, healthcare, government and other industries to improve visibility and productivity across their operations.

The company's portfolio includes barcode and label printers, barcode scanners, mobile computers, radio-frequency identification (RFID) readers and tags, machine-vision systems, fixed industrial scanners and related software.

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