Ground Swell Capital LLC Increases Stock Holdings in Zebra Technologies Corporation $ZBRA

Key Points

• Ground Swell Capital LLC significantly increased its stake in Zebra Technologies by 128.3% during the second quarter, bringing its total holdings to 1,737 shares valued at approximately $536,000.
• Zebra Technologies reported a Q2 earnings per share (EPS) of $3.61, exceeding forecasts by $0.30, alongside a revenue of $1.29 billion, reflecting a 6.2% year-over-year growth.
• The company initiated a $250 million share repurchase plan, allowing it to reacquire up to 1.4% of its stock, signaling management's confidence in the stock's value.

Ground Swell Capital LLC lifted its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 128.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,737 shares of the industrial products company's stock after purchasing an additional 976 shares during the period. Zebra Technologies makes up 0.9% of Ground Swell Capital LLC's holdings, making the stock its 14th biggest holding. Ground Swell Capital LLC's holdings in Zebra Technologies were worth $536,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH purchased a new stake in shares of Zebra Technologies during the second quarter worth approximately $25,000. Zions Bancorporation National Association UT purchased a new stake in Zebra Technologies in the first quarter valued at $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Zebra Technologies in the 1st quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Zebra Technologies during the 1st quarter worth $30,000. Finally, Brooklyn Investment Group increased its position in Zebra Technologies by 101.9% in the 1st quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 54 shares during the period. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $313.89 on Friday. The firm's fifty day simple moving average is $307.61 and its 200 day simple moving average is $296.34. 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 twelve month low of $205.73 and a twelve month high of $427.76. The firm has a market capitalization of $15.96 billion, a price-to-earnings ratio of 29.64 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm earned $3.18 EPS. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. 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, equities research analysts expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal 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 outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 1.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

ZBRA has been the subject of several recent analyst reports. Needham & Company LLC raised their target price on shares of Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Barclays set a $375.00 price objective on shares of Zebra Technologies in a research report on Tuesday, October 7th. Zacks Research downgraded Zebra Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 13th. Citigroup upped their price objective on shares of Zebra Technologies from $340.00 to $346.00 and gave the company a "neutral" rating in a research note on Thursday, October 9th. Finally, Morgan Stanley lifted their price target on Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $369.56.

About Zebra Technologies

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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