Trexquant Investment LP Buys 8,497 Shares of Zebra Technologies Corporation $ZBRA

Key Points

• Trexquant Investment LP boosted its stake in Zebra Technologies Corporation by 40.1%, adding 8,497 shares during the first quarter, raising its total to approximately 29,679 shares worth about $8.39 million.
• Zebra Technologies reported $3.61 earnings per share for the last quarter, surpassing consensus estimates by $0.30 and achieving a revenue of $1.29 billion.
• The company initiated a $250 million stock repurchase program, indicating that the board believes the shares are undervalued.

Trexquant Investment LP grew its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 40.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 29,679 shares of the industrial products company's stock after acquiring an additional 8,497 shares during the quarter. Trexquant Investment LP owned about 0.06% of Zebra Technologies worth $8,386,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ZBRA. Vanguard Group Inc. lifted its holdings in shares of Zebra Technologies by 1.7% in the first quarter. Vanguard Group Inc. now owns 6,365,470 shares of the industrial products company's stock valued at $1,798,627,000 after purchasing an additional 104,940 shares in the last quarter. Victory Capital Management Inc. grew its position in Zebra Technologies by 27.5% during 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 acquiring an additional 255,193 shares during the last quarter. JPMorgan Chase & Co. raised its position in Zebra Technologies by 4.7% during the 1st quarter. JPMorgan Chase & Co. now owns 978,109 shares of the industrial products company's stock valued at $276,375,000 after purchasing an additional 43,500 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Zebra Technologies by 15.8% in the 1st quarter. Northern Trust Corp now owns 575,869 shares of the industrial products company's stock valued at $162,718,000 after purchasing an additional 78,506 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Zebra Technologies by 36.4% during the first quarter. Bank of New York Mellon Corp now owns 442,788 shares of the industrial products company's stock valued at $125,114,000 after buying an additional 118,247 shares during the last quarter. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Stock Down 0.3%

Shares of NASDAQ ZBRA traded down $0.88 during mid-day trading on Friday, reaching $310.37. The company had a trading volume of 165,018 shares, compared to its average volume of 584,182. The stock has a market cap of $15.78 billion, a P/E ratio of 29.32 and a beta of 1.78. The firm has a 50 day simple moving average of $321.93 and a two-hundred day simple moving average of $292.88. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. Zebra Technologies Corporation has a 52-week low of $205.73 and a 52-week high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share 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 analyst estimates of $1.29 billion. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The business's revenue was up 6.2% on a year-over-year basis. During the same period last year, the business 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. Sell-side analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ZBRA. Needham & Company LLC upped their price objective on Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a research note 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 research note on Tuesday, August 5th. BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 10th. Morgan Stanley increased their price target on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 6th. Finally, BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target for the company in a report on Thursday, July 10th. 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 company's stock. Based on data from MarketBeat.com, Zebra Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price 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.