Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Position in Zebra Technologies Corporation $ZBRA

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in Zebra Technologies by 11.2%, owning 7,165 shares valued at approximately $2,025,000 after selling 900 shares.
• Several hedge funds have recently taken new stakes in Zebra Technologies, contributing to a total institutional ownership of 91.03% of the company's stock.
• Zebra Technologies' stock has received a range of analyst ratings, with an average rating of "Moderate Buy" and a consensus target price of $357.44, following the enhancement of target prices by multiple firms.

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 11.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,165 shares of the industrial products company's stock after selling 900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Zebra Technologies were worth $2,025,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Zebra Technologies by 1.7% in the first quarter. Vanguard Group Inc. now owns 6,365,470 shares of the industrial products company's stock valued at $1,798,627,000 after acquiring an additional 104,940 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Zebra Technologies by 7.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,296,412 shares of the industrial products company's stock valued at $500,701,000 after buying an additional 86,766 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Zebra Technologies by 27.5% in the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock valued at $334,469,000 after buying an additional 255,193 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Zebra Technologies by 4.7% in the first quarter. JPMorgan Chase & Co. now owns 978,109 shares of the industrial products company's stock valued at $276,375,000 after buying an additional 43,500 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Zebra Technologies by 17.2% in the fourth quarter. Northern Trust Corp now owns 497,363 shares of the industrial products company's stock valued at $192,092,000 after buying an additional 72,989 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Zebra Technologies Price Performance

ZBRA traded up $14.42 on Friday, hitting $322.93. 341,943 shares of the company were exchanged, compared to its average volume of 592,989. 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 business's fifty day moving average is $317.65 and its 200 day moving average is $295.45. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The firm has a market capitalization of $16.42 billion, a P/E ratio of 30.55 and a beta of 1.75.

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

Zebra Technologies declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, August 5th that permits the company to buyback $250.00 million in outstanding 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 a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have recently commented on ZBRA. Morgan Stanley upped their target price on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Truist Financial upped their target price on shares of Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Robert W. Baird upped their target price 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. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target for the company in a report on Thursday, July 10th. Finally, Citigroup reissued a "neutral" rating and set a $342.00 price target (up from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $357.44.

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.