Hartline Investment Corp Cuts Stock Position in Zebra Technologies Corporation $ZBRA

Key Points

• Hartline Investment Corp reduced its stake in Zebra Technologies Corporation by 62.6%, lowering its holdings to 7,840 shares, valued at approximately $2.4 million.
• Several institutional investors, including Trust Co. of Toledo and Zions Bancorporation, acquired new stakes in Zebra Technologies during the second quarter, indicating growing interest in the company.
• Analysts have mixed ratings for Zebra Technologies, with one strong buy, six buy, and five hold ratings, while the average target price stands at $369.56.

Hartline Investment Corp lessened its holdings in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 62.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,840 shares of the industrial products company's stock after selling 13,122 shares during the period. Hartline Investment Corp's holdings in Zebra Technologies were worth $2,418,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Trust Co. of Toledo NA OH acquired a new stake in Zebra Technologies during the 2nd quarter valued at $25,000. Zions Bancorporation National Association UT acquired a new stake in Zebra Technologies during the 1st quarter valued at $27,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Zebra Technologies during the 1st quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Zebra Technologies during the 1st quarter valued at $30,000. Finally, Brooklyn Investment Group grew its holdings in Zebra Technologies by 101.9% during the 1st quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 54 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ZBRA shares. Zacks Research lowered shares of Zebra Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, October 13th. Needham & Company LLC raised their price target on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Zebra Technologies in a report on Wednesday, October 8th. Truist Financial raised their price objective on shares of Zebra Technologies from $319.00 to $350.00 and gave the stock a "hold" rating in a report on Wednesday, October 8th. Finally, Morgan Stanley raised 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. 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 currently has an average rating of "Moderate Buy" and a consensus target price of $369.56.

Zebra Technologies Trading Down 0.2%

NASDAQ ZBRA opened at $293.31 on Friday. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The company has a 50-day simple moving average of $309.25 and a 200-day simple moving average of $294.61. 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 firm has a market capitalization of $14.91 billion, a PE ratio of 27.70 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted 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. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $3.18 EPS. The company's quarterly revenue was up 6.2% on a year-over-year basis. 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, equities analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies declared that its board has approved a stock buyback plan on Tuesday, August 5th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the industrial products company to repurchase up to 1.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its stock is undervalued.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.