Deutsche Bank AG Purchases 27,598 Shares of Zebra Technologies Corporation (NASDAQ:ZBRA)

Key Points

• Deutsche Bank AG increased its stake in Zebra Technologies by 12.2%, acquiring an additional 27,598 shares, bringing its total ownership to 253,103 shares worth approximately $71.5 million.
• Zebra Technologies reported a quarterly earnings per share of $3.61, exceeding analyst expectations, alongside a 6.2% year-over-year revenue increase to $1.29 billion.
• The company approved a share repurchase program allowing for up to $250 million in stock buybacks, indicating a belief that its shares may be undervalued.

Deutsche Bank AG raised its position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 12.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 253,103 shares of the industrial products company's stock after purchasing an additional 27,598 shares during the period. Deutsche Bank AG owned 0.49% of Zebra Technologies worth $71,517,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Investment Management Corp VA ADV bought a new position in Zebra Technologies in the 4th quarter worth about $27,000. Coppell Advisory Solutions LLC purchased a new position in Zebra Technologies in the 4th quarter worth approximately $36,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Zebra Technologies in the 1st quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Zebra Technologies during the 1st quarter valued at $30,000. Finally, GeoWealth Management LLC lifted its holdings in shares of Zebra Technologies by 103.8% during the 4th quarter. GeoWealth Management LLC now owns 161 shares of the industrial products company's stock worth $62,000 after acquiring an additional 82 shares during the last quarter. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Up 0.5%

Shares of ZBRA opened at $317.66 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The firm's 50-day moving average price is $313.10 and its 200-day moving average price is $299.06. The firm has a market capitalization of $16.15 billion, a price-to-earnings ratio of 30.00 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings results 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 return on equity of 18.95% and a net margin of 10.56%. The company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the prior year, the firm earned $3.18 earnings per share. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. Sell-side analysts anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies announced that its Board of Directors has approved a share repurchase program on Tuesday, August 5th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to purchase up to 1.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

ZBRA has been the topic of a number of recent research reports. Barclays increased their price target on shares of Zebra Technologies from $263.00 to $301.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. Truist Financial upped 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. BNP Paribas Exane raised Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a research note on Thursday, July 10th. UBS Group reduced their price target on Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Needham & Company LLC boosted their price objective on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Zebra Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $357.44.

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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