Zebra Technologies Corporation $ZBRA Shares Sold by Royal Bank of Canada

Key Points

• The Royal Bank of Canada significantly reduced its stake in Zebra Technologies by 51.3% during the first quarter, now holding approximately 0.24% of the company worth $35.24 million.
• Zebra Technologies reported a quarterly earnings per share (EPS) of $3.61, beating expectations, and set a FY 2025 EPS guidance between 15.250-15.750.
• Analysts have raised their price targets for Zebra Technologies, with a consensus rating of "Moderate Buy" and an average price target of $357.44.

Royal Bank of Canada lessened its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 51.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 124,729 shares of the industrial products company's stock after selling 131,572 shares during the period. Royal Bank of Canada owned approximately 0.24% of Zebra Technologies worth $35,244,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Brown Advisory Inc. grew its position in Zebra Technologies by 8.7% during the 1st quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company's stock worth $495,000 after purchasing an additional 140 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Zebra Technologies by 33.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock worth $2,236,000 after purchasing an additional 1,964 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Zebra Technologies by 1.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock worth $981,000 after purchasing an additional 66 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Zebra Technologies by 6.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock worth $6,024,000 after purchasing an additional 1,267 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Zebra Technologies by 29.7% in the 1st quarter. Allworth Financial LP now owns 192 shares of the industrial products company's stock valued at $54,000 after acquiring an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Zebra Technologies Stock Performance

Shares of 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 company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. The firm has a 50-day moving average price of $321.40 and a 200 day moving average price of $292.65. 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 $15.90 billion, a price-to-earnings ratio of 29.52 and a beta of 1.78.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its earnings results 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 net margin of 10.56% and a return on equity of 18.95%. The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the business posted $3.18 EPS. The business'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. As a group, research analysts anticipate that Zebra Technologies Corporation will post 13.71 EPS for the current year.

Zebra Technologies declared that its board has initiated a stock repurchase plan on Tuesday, August 5th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the industrial products company to repurchase up to 1.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. 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. BNP Paribas raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Robert W. Baird upped 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. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective on the stock in a report on Thursday, July 10th. Finally, Needham & Company LLC upped their price objective on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Zebra Technologies presently has an average 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.