Strs Ohio Acquires New Holdings in Zebra Technologies Corporation $ZBRA

Key Points

• Strs Ohio has purchased 3,385 shares of Zebra Technologies Corporation for approximately $956,000, marking a new investment in the industrial products sector during Q1.
• The company recently reported earnings of $3.61 per share, which exceeded the consensus estimate, and achieved a quarterly revenue of $1.29 billion, reflecting a 6.2% year-over-year growth.
• Zebra Technologies has initiated a $250 million stock buyback program, indicating management's belief that their stock is currently undervalued.

Strs Ohio purchased a new position in Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,385 shares of the industrial products company's stock, valued at approximately $956,000.

A number of other hedge funds also recently modified their holdings of ZBRA. Alyeska Investment Group L.P. bought a new stake in shares of Zebra Technologies in the 1st quarter worth approximately $99,995,000. Victory Capital Management Inc. raised its holdings in shares of Zebra Technologies by 27.5% in 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 purchasing an additional 255,193 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Zebra Technologies by 5,704.9% in the 1st quarter. Pacer Advisors Inc. now owns 259,363 shares of the industrial products company's stock worth $73,286,000 after purchasing an additional 254,895 shares during the period. GAMMA Investing LLC raised its holdings in shares of Zebra Technologies by 20,849.2% in the 1st quarter. GAMMA Investing LLC now owns 255,999 shares of the industrial products company's stock worth $72,335,000 after purchasing an additional 254,777 shares during the period. Finally, Nuveen LLC purchased a new position in Zebra Technologies in the 1st quarter valued at approximately $46,633,000. Institutional investors own 91.03% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ZBRA. Morgan Stanley lifted their price objective on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 6th. Truist Financial upped their target price on shares of Zebra Technologies from $269.00 to $319.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Robert W. Baird upped their target price on shares of Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Citigroup reissued a "neutral" rating and issued a $342.00 price target (up from $280.00) on shares of Zebra Technologies in a research note on Monday, July 14th. 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 research note on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $357.44.

Zebra Technologies Stock Down 1.3%

Shares of NASDAQ:ZBRA traded down $4.34 during trading on Friday, reaching $318.54. 630,499 shares of the stock traded hands, compared to its average volume of 454,595. The stock has a 50-day moving average of $320.97 and a two-hundred day moving average of $292.98. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week 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 stock has a market cap of $16.20 billion, a P/E ratio of 30.08 and a beta of 1.78.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results 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. 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 for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the prior year, the company posted $3.18 earnings per share. The business's revenue for the quarter was up 6.2% on a year-over-year basis. 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 expect that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies declared that its Board of Directors has authorized a share buyback plan on Tuesday, August 5th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Zebra Technologies Company 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.