Fifth Third Bancorp Acquires 996 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Fifth Third Bancorp increased its stake in Zebra Technologies by 31.9%, acquiring an additional 996 shares, bringing its total holdings to 4,123 shares valued at approximately $1.27 million.
• Zebra Technologies reported earnings of $3.61 per share for the latest quarter, exceeding analysts' expectations of $3.31, with revenue matching estimates at $1.29 billion.
• The company has authorized a stock repurchase plan of $250 million, indicating that its board believes the stock is currently undervalued.

Fifth Third Bancorp lifted its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 31.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,123 shares of the industrial products company's stock after purchasing an additional 996 shares during the period. Fifth Third Bancorp's holdings in Zebra Technologies were worth $1,271,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. bought a new stake in Zebra Technologies during the 4th quarter valued at $263,000. Wellington Management Group LLP boosted its position in Zebra Technologies by 222.4% during the fourth quarter. Wellington Management Group LLP now owns 11,145 shares of the industrial products company's stock valued at $4,304,000 after purchasing an additional 7,688 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in Zebra Technologies by 19.3% during the first quarter. Central Pacific Bank Trust Division now owns 327 shares of the industrial products company's stock valued at $92,000 after purchasing an additional 53 shares in the last quarter. GAMMA Investing LLC grew its stake in Zebra Technologies by 20,849.2% in the first quarter. GAMMA Investing LLC now owns 255,999 shares of the industrial products company's stock valued at $72,335,000 after purchasing an additional 254,777 shares during the last quarter. Finally, Cascade Investment Advisors Inc. raised its holdings in Zebra Technologies by 3.0% in the first quarter. Cascade Investment Advisors Inc. now owns 4,546 shares of the industrial products company's stock worth $1,285,000 after purchasing an additional 134 shares in the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Stock Down 0.7%

Zebra Technologies stock opened at $299.77 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. The stock has a market capitalization of $15.24 billion, a PE ratio of 28.31 and a beta of 1.78. The business has a 50 day simple moving average of $319.30 and a 200-day simple moving average of $293.66. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76.

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

Zebra Technologies declared that its board has authorized a stock repurchase plan on Tuesday, August 5th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ZBRA shares. Truist Financial lifted their price objective on shares of Zebra Technologies from $269.00 to $319.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Zacks Research raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Robert W. Baird increased their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Needham & Company LLC boosted their target price on shares of Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target on the stock in a research note on Thursday, July 10th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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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