Quarry LP Has $120,000 Stake in Zebra Technologies Corporation $ZBRA

Key Points

• Quarry LP has reduced its stake in Zebra Technologies by 67.5% in the first quarter, leaving it with 426 shares valued at approximately $120,000.
• Multiple institutional investors have increased their positions in Zebra Technologies, with notable investments from Benjamin Edwards Inc. and Tokio Marine Asset Management Co. Ltd., highlighting a growing interest in the company's stock.
• Zebra Technologies reported earnings of $3.61 per share in its latest financial quarter, exceeding expectations and indicating a 6.2% increase in revenue compared to the previous year.

Quarry LP decreased its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 67.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 426 shares of the industrial products company's stock after selling 884 shares during the quarter. Quarry LP's holdings in Zebra Technologies were worth $120,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Zebra Technologies by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 6,365,470 shares of the industrial products company's stock worth $1,798,627,000 after buying an additional 104,940 shares during the period. Victory Capital Management Inc. grew its position in shares of Zebra Technologies by 27.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company's stock worth $334,469,000 after buying an additional 255,193 shares during the period. JPMorgan Chase & Co. grew its position in shares of Zebra Technologies by 4.7% during the 1st quarter. JPMorgan Chase & Co. now owns 978,109 shares of the industrial products company's stock worth $276,375,000 after buying an additional 43,500 shares during the period. Northern Trust Corp grew its position in shares of Zebra Technologies by 15.8% during the 1st quarter. Northern Trust Corp now owns 575,869 shares of the industrial products company's stock worth $162,718,000 after buying an additional 78,506 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Zebra Technologies by 36.4% during the 1st quarter. Bank of New York Mellon Corp now owns 442,788 shares of the industrial products company's stock worth $125,114,000 after buying an additional 118,247 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Stock Up 0.8%

ZBRA traded up $2.55 during trading on Friday, reaching $313.80. The company had a trading volume of 454,927 shares, compared to its average volume of 470,896. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The business's fifty day moving average price is $322.03 and its 200 day moving average price is $292.53. The company has a market cap of $15.96 billion, a P/E ratio of 29.63 and a beta of 1.78.

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 for the quarter, beating analysts' consensus estimates of $3.31 by $0.30. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The business's revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.18 earnings per share. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. Equities analysts anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies announced that its Board of Directors has approved a share buyback program on Tuesday, August 5th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 1.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ZBRA. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target for the company in a research report on Thursday, July 10th. Robert W. Baird boosted their price objective on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Citigroup restated a "neutral" rating and set a $342.00 price objective (up previously from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Barclays set a $301.00 price objective on shares of Zebra Technologies and gave the company an "equal weight" rating in a report on Tuesday, August 5th. Finally, Morgan Stanley boosted their price objective on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Zebra Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $357.44.

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.