Rafferty Asset Management LLC Sells 3,615 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Rafferty Asset Management LLC reduced its stake in Zebra Technologies Corporation by 20.0%, selling 3,615 shares and retaining a total of 14,500 shares valued at approximately $4.1 million.
• Several other institutional investors have increased their stakes in Zebra Technologies, with Wealth Enhancement Advisory Services LLC notably raising its stake by 33.0%.
• Zebra Technologies reported earnings of $3.61 per share for the last quarter, exceeding analysts' expectations, and announced a stock repurchase plan worth $250 million.

Rafferty Asset Management LLC decreased its position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 20.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,500 shares of the industrial products company's stock after selling 3,615 shares during the period. Rafferty Asset Management LLC's holdings in Zebra Technologies were worth $4,097,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ZBRA. Coldstream Capital Management Inc. boosted its stake in Zebra Technologies by 6.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock worth $460,000 after buying an additional 72 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Zebra Technologies by 17.2% during the 4th quarter. Northern Trust Corp now owns 497,363 shares of the industrial products company's stock worth $192,092,000 after acquiring an additional 72,989 shares during the period. AQR Capital Management LLC boosted its position in shares of Zebra Technologies by 88.3% during the 4th quarter. AQR Capital Management LLC now owns 41,871 shares of the industrial products company's stock valued at $16,116,000 after acquiring an additional 19,629 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its stake in Zebra Technologies by 429.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 14,125 shares of the industrial products company's stock valued at $5,455,000 after acquiring an additional 11,455 shares during the period. Finally, Utah Retirement Systems raised its position in Zebra Technologies by 0.5% in the fourth quarter. Utah Retirement Systems now owns 8,515 shares of the industrial products company's stock worth $3,289,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Trading Down 3.2%

ZBRA traded down $10.25 during mid-day trading on Tuesday, hitting $306.85. The stock had a trading volume of 449,548 shares, compared to its average volume of 587,043. The stock's fifty day simple moving average is $321.66 and its 200-day simple moving average is $292.74. The firm has a market capitalization of $15.60 billion, a price-to-earnings ratio of 28.97 and a beta of 1.79. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. 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 (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.31 by $0.30. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.18 EPS. 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, research analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on ZBRA shares. Needham & Company LLC lifted their price objective on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Truist Financial lifted their price objective on Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Barclays set a $301.00 target price on shares of Zebra Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. Finally, BNP Paribas Exane upgraded 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 report on Thursday, July 10th. 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 company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.