Ethic Inc. Reduces Position in Zebra Technologies Corporation $ZBRA

Key Points

• Ethic Inc. reduced its holdings in Zebra Technologies by 21.0%, owning 5,319 shares worth approximately $1.645 million following the sale of 1,413 shares in Q2.
• Despite Ethic Inc.'s reduction, other institutional investors, like Wealth Enhancement Advisory Services LLC and Diversified Trust Co, increased their positions, indicating strong institutional interest in Zebra Technologies.
• Zebra Technologies reported $3.61 earnings per share for the quarter, surpassing analysts' expectations, and also announced a $250 million share repurchase plan to buy back up to 1.4% of its stock.

Ethic Inc. trimmed its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 21.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,319 shares of the industrial products company's stock after selling 1,413 shares during the quarter. Ethic Inc.'s holdings in Zebra Technologies were worth $1,645,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ZBRA. Wealth Enhancement Advisory Services LLC increased its position in shares of Zebra Technologies by 33.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock worth $2,236,000 after acquiring an additional 1,964 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Zebra Technologies by 1.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock worth $981,000 after buying an additional 66 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Zebra Technologies by 6.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock worth $6,024,000 after buying an additional 1,267 shares during the last quarter. Moran Wealth Management LLC bought a new stake in shares of Zebra Technologies in the 1st quarter valued at approximately $259,000. Finally, Diversified Trust Co increased its holdings in shares of Zebra Technologies by 87.6% in the 1st quarter. Diversified Trust Co now owns 2,611 shares of the industrial products company's stock valued at $738,000 after acquiring an additional 1,219 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $308.82 on Friday. The stock has a market cap of $15.70 billion, a price-to-earnings ratio of 29.16 and a beta of 1.75. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The stock's 50 day moving average price is $307.43 and its 200 day moving average price is $297.58.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, topping analysts' consensus estimates of $3.31 by $0.30. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.18 earnings per share. 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 anticipate that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies declared that its Board of Directors has authorized a share repurchase plan on Tuesday, August 5th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms have commented on ZBRA. Morgan Stanley lifted their price objective on shares of Zebra Technologies from $280.00 to $300.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 6th. Robert W. Baird lifted their price target on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Barclays set a $375.00 price objective on shares of Zebra Technologies in a research note on Tuesday, October 7th. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Truist Financial increased their price target on Zebra Technologies from $319.00 to $350.00 and gave the stock a "hold" rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $369.56.

Zebra Technologies Company 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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