Royal Bank of Canada Sells 131,572 Shares of Zebra Technologies Corporation $ZBRA

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 trimmed its stake in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 51.3% during the 1st quarter, according to the company in its most recent disclosure 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 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Investment Management Corp VA ADV bought a new position in shares of Zebra Technologies in the fourth quarter worth approximately $27,000. Zions Bancorporation National Association UT bought a new position in shares of Zebra Technologies in the first quarter worth approximately $27,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Zebra Technologies in the first quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Zebra Technologies in the first quarter worth approximately $30,000. Finally, Brooklyn Investment Group increased its position 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 purchasing an additional 54 shares during the last quarter. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Trading Down 0.5%

ZBRA stock traded down $1.63 on Tuesday, reaching $312.17. The company's stock had a trading volume of 426,035 shares, compared to its average volume of 466,388. The business has a fifty day simple moving average of $322.07 and a two-hundred day simple moving average of $292.49. 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 market cap of $15.87 billion, a PE ratio of 29.48 and a beta of 1.78. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.31 by $0.30. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. As a group, research analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current year.

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

Analysts Set New Price Targets

ZBRA has been the topic of several research analyst reports. Barclays set a $301.00 price objective on shares of Zebra Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Truist Financial upped their target price on Zebra Technologies from $269.00 to $319.00 and gave the stock a "hold" rating in a research note on Wednesday, August 6th. BNP Paribas Exane raised Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price for the company in a research note on Thursday, July 10th. BNP Paribas raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Finally, Needham & Company LLC upped their target price on Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. One research 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. Based on data from MarketBeat.com, Zebra Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target 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.