State of New Jersey Common Pension Fund D Sells 1,541 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• The State of New Jersey Common Pension Fund D has reduced its stake in Zebra Technologies by 8.2%, now holding 17,355 shares valued at approximately $4.90 million.
• Several institutional investors are increasing their investments in Zebra Technologies, with notable increases from American Century Companies and Aberdeen Group of over 63% and 106% respectively.
• Zebra Technologies reported earnings of $3.61 per share, surpassing analysts' estimates, and announced a stock repurchase program allowing it to buy back $250 million of its shares.

State of New Jersey Common Pension Fund D trimmed its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 8.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,355 shares of the industrial products company's stock after selling 1,541 shares during the period. State of New Jersey Common Pension Fund D's holdings in Zebra Technologies were worth $4,904,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Advisory Inc. grew its position in Zebra Technologies by 8.7% in the first quarter. Brown Advisory Inc. now owns 1,751 shares of the industrial products company's stock worth $495,000 after acquiring an additional 140 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Zebra Technologies by 33.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock worth $2,236,000 after acquiring an additional 1,964 shares in the last quarter. Coldstream Capital Management Inc. grew its position in Zebra Technologies by 6.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,192 shares of the industrial products company's stock worth $460,000 after acquiring an additional 72 shares in the last quarter. Oppenheimer Asset Management Inc. grew its position in Zebra Technologies by 1.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock worth $981,000 after acquiring an additional 66 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Zebra Technologies by 6.3% in the first quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock worth $6,024,000 after acquiring an additional 1,267 shares in the last quarter. Hedge funds and other institutional investors own 91.03% of the company's stock.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several recent research reports. UBS Group decreased their target price on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Citigroup reissued a "neutral" rating and issued a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a research report on Monday, July 14th. BNP Paribas raised shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Morgan Stanley boosted their target price on shares of Zebra Technologies from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Finally, Barclays set a $301.00 price target on shares of Zebra Technologies and gave the company an "equal weight" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $357.44.

Zebra Technologies Stock Performance

Shares of ZBRA traded up $14.28 during mid-day trading on Friday, hitting $322.79. The company's stock had a trading volume of 495,416 shares, compared to its average volume of 594,007. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. 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 capitalization of $16.41 billion, a PE ratio of 30.48 and a beta of 1.75. The stock's 50-day moving average is $317.65 and its two-hundred day moving average is $295.45.

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

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

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.