Price T Rowe Associates Inc. MD Sells 70,129 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Price T. Rowe Associates Inc. has reduced its holdings in Zebra Technologies Corporation by 5.4%, owning 1,226,283 shares valued at approximately $346.50 million as of the end of the first quarter.
• Several hedge funds have significantly increased their stakes in Zebra Technologies, with Victory Capital Management raising its position by 27.5% and Pacer Advisors increasing theirs by an astonishing 5,704.9% during the same period.
• Zebra Technologies announced a $250 million stock buyback plan approved by its board, signaling confidence in the company's valuation amidst increasing institutional ownership that now stands at 91.03%.

Price T Rowe Associates Inc. MD reduced its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 5.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,226,283 shares of the industrial products company's stock after selling 70,129 shares during the quarter. Price T Rowe Associates Inc. MD owned about 2.39% of Zebra Technologies worth $346,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Fund Management S.A. bought a new stake in Zebra Technologies during the 1st quarter worth about $7,952,000. Credit Agricole S A raised its holdings in Zebra Technologies by 10.9% during the 1st quarter. Credit Agricole S A now owns 11,927 shares of the industrial products company's stock worth $3,370,000 after purchasing an additional 1,176 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Zebra Technologies by 44.3% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,493 shares of the industrial products company's stock worth $4,936,000 after purchasing an additional 5,369 shares during the last quarter. Groupama Asset Managment raised its holdings in Zebra Technologies by 12.3% during the 1st quarter. Groupama Asset Managment now owns 2,431 shares of the industrial products company's stock worth $683,000 after purchasing an additional 266 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Zebra Technologies by 32.1% during the 1st quarter. Hsbc Holdings PLC now owns 114,044 shares of the industrial products company's stock worth $32,148,000 after purchasing an additional 27,685 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Stock Up 0.3%

Shares of ZBRA traded up $0.85 on Wednesday, hitting $321.43. The company's stock had a trading volume of 395,182 shares, compared to its average volume of 591,176. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. The firm's fifty day moving average price is $319.58 and its 200-day moving average price is $293.69. 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 $16.34 billion, a price-to-earnings ratio of 30.35 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data 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 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 firm earned $3.18 EPS. Zebra Technologies'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. On average, equities research analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies declared that its board has authorized a share repurchase program on Tuesday, August 5th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Needham & Company LLC boosted their price objective on Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Truist Financial upped their price target on Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a research note on Wednesday, August 6th. Robert W. Baird upped their price target on Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. BNP Paribas raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Barclays set a $301.00 price target on Zebra Technologies and gave the company an "equal weight" rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Zebra Technologies presently has an average rating of "Moderate Buy" and an average target price 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.