Zebra Technologies Corporation $ZBRA Stake Lifted by Kestra Investment Management LLC

Key Points

• Kestra Investment Management LLC significantly increased its stake in Zebra Technologies by 2,643.8%, acquiring an additional 3,437 shares, bringing total ownership to 3,567 shares valued at approximately $1 million.
• Zebra Technologies reported earnings of $3.61 per share for the last quarter, exceeding estimates, and announced a $250 million stock buyback plan indicating confidence in its valuation.
• Several analysts have raised price targets for Zebra Technologies, with a consensus average target price of $357.44 and ratings that include one Strong Buy and several Buy recommendations.

Kestra Investment Management LLC grew its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 2,643.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,567 shares of the industrial products company's stock after purchasing an additional 3,437 shares during the quarter. Kestra Investment Management LLC's holdings in Zebra Technologies were worth $1,008,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ZBRA. Algert Global LLC acquired a new stake in shares of Zebra Technologies in the 4th quarter valued at about $456,000. Benjamin Edwards Inc. raised its stake in shares of Zebra Technologies by 5.7% in the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock valued at $251,000 after purchasing an additional 35 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Zebra Technologies by 8.7% in the 4th quarter. Captrust Financial Advisors now owns 4,542 shares of the industrial products company's stock valued at $1,754,000 after purchasing an additional 364 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Zebra Technologies by 2.5% in the 4th quarter. Cetera Investment Advisers now owns 7,752 shares of the industrial products company's stock valued at $2,994,000 after purchasing an additional 189 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Zebra Technologies by 4.3% in the 4th quarter. Deutsche Bank AG now owns 225,505 shares of the industrial products company's stock valued at $87,095,000 after purchasing an additional 9,251 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZBRA. Barclays set a $301.00 target price on shares of Zebra Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. Needham & Company LLC increased their price objective 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. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective on the stock in a research note on Thursday, July 10th. Citigroup reiterated a "neutral" rating and set a $342.00 price objective (up previously from $280.00) on shares of Zebra Technologies in a research note on Monday, July 14th. Finally, Robert W. Baird increased their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $357.44.

Zebra Technologies Stock Performance

Shares of NASDAQ:ZBRA traded down $3.36 during trading hours on Friday, hitting $312.65. The stock had a trading volume of 516,923 shares, compared to its average volume of 452,336. The stock's fifty day simple moving average is $321.40 and its 200 day simple moving average is $292.65. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The firm has a market capitalization of $15.90 billion, a price-to-earnings ratio of 29.52 and a beta of 1.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last announced 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 company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned $3.18 earnings per share. Zebra Technologies's 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. Sell-side analysts anticipate that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies announced that its Board of Directors has approved 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 reacquire up to 1.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

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.