Pallas Capital Advisors LLC Buys 1,076 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Pallas Capital Advisors LLC increased its stake in Zebra Technologies by 53% during the second quarter, now owning 3,105 shares valued at approximately $957,000.
• In its latest earnings report, Zebra Technologies exceeded analysts' expectations with an EPS of $3.61, showing a year-over-year revenue increase of 6.2% to $1.29 billion.
• The company's Board of Directors authorized a stock repurchase program worth $250 million, a move often interpreted as a sign the company believes its shares are undervalued.

Pallas Capital Advisors LLC raised its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 53.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,105 shares of the industrial products company's stock after purchasing an additional 1,076 shares during the quarter. Pallas Capital Advisors LLC's holdings in Zebra Technologies were worth $957,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV acquired a new position in shares of Zebra Technologies in the fourth quarter worth $27,000. Zions Bancorporation National Association UT acquired a new position in shares of Zebra Technologies in the first quarter worth $27,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Zebra Technologies in the first quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Zebra Technologies in the first quarter worth $30,000. Finally, Brooklyn Investment Group increased its stake in shares of Zebra Technologies by 101.9% in the first quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company's stock worth $30,000 after acquiring an additional 54 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Stock Performance

ZBRA stock traded up $4.54 during mid-day trading on Tuesday, reaching $319.95. 26,742 shares of the stock traded hands, compared to its average volume of 578,238. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. Zebra Technologies Corporation has a 52 week low of $205.73 and a 52 week high of $427.76. The business has a 50-day moving average of $320.83 and a two-hundred day moving average of $293.05. The firm has a market capitalization of $16.27 billion, a PE ratio of 30.21 and a beta of 1.79.

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. 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 during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the prior year, the company earned $3.18 earnings per share. The business'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 analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies announced that its board has authorized a stock buyback plan on Tuesday, August 5th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the industrial products company to reacquire up to 1.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ZBRA shares. Zacks Research raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 12th. BNP Paribas Exane raised 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. Morgan Stanley increased their target price on shares of Zebra Technologies from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Truist Financial increased their target price 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. Finally, BNP Paribas raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $357.44.

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.