Entropy Technologies LP Has $3.32 Million Stock Position in Zebra Technologies Corporation (NASDAQ:ZBRA)

Key Points

• Entropy Technologies LP has increased its holdings in Zebra Technologies by 115.3%, owning 11,763 shares valued at approximately $3.3 million.
• Zebra Technologies reported a quarterly earnings per share (EPS) of $3.61, exceeding the consensus estimate by $0.30, while revenues rose 6.2% year-over-year to $1.29 billion.
• The company has initiated a $250 million stock buyback plan, which is typically indicative of management believing their shares are undervalued.

Entropy Technologies LP increased its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 115.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,763 shares of the industrial products company's stock after buying an additional 6,300 shares during the quarter. Entropy Technologies LP's holdings in Zebra Technologies were worth $3,324,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Benjamin Edwards Inc. raised its stake in Zebra Technologies by 5.7% during the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock valued at $251,000 after acquiring an additional 35 shares in the last quarter. GTS Securities LLC raised its stake in Zebra Technologies by 5.0% during the 4th quarter. GTS Securities LLC now owns 794 shares of the industrial products company's stock valued at $307,000 after acquiring an additional 38 shares in the last quarter. Allworth Financial LP raised its stake in Zebra Technologies by 29.7% during the 1st quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock valued at $54,000 after acquiring an additional 44 shares in the last quarter. Utah Retirement Systems raised its stake in Zebra Technologies by 0.5% during the 4th quarter. Utah Retirement Systems now owns 8,515 shares of the industrial products company's stock valued at $3,289,000 after acquiring an additional 45 shares in the last quarter. Finally, Whittier Trust Co. increased its position in shares of Zebra Technologies by 15.8% during the 1st quarter. Whittier Trust Co. now owns 344 shares of the industrial products company's stock valued at $97,000 after purchasing an additional 47 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ZBRA shares. UBS Group lowered 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. BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price on the stock in a report on Thursday, July 10th. Truist Financial lifted their price target on Zebra Technologies from $269.00 to $319.00 and gave the stock a "hold" rating in a research note on Wednesday, August 6th. BNP Paribas raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Barclays set a $301.00 target price on shares of Zebra Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $357.44.

Zebra Technologies Stock Up 5.0%

Shares of ZBRA stock traded up $15.69 on Tuesday, reaching $328.14. 628,413 shares of the company's stock traded hands, compared to its average volume of 626,938. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-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 company has a market capitalization of $16.69 billion, a P/E ratio of 30.99 and a beta of 1.75. The business's 50 day moving average price is $314.35 and its two-hundred day moving average price is $298.55.

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, 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 for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $3.18 earnings per share. Zebra Technologies's revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies announced that its board has initiated a share repurchase plan on Tuesday, August 5th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the industrial products company to reacquire up to 1.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

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.