Truvestments Capital LLC Takes $225,000 Position in Zebra Technologies Corporation $ZBRA

Key Points

• Truvestments Capital LLC has acquired a new stake in Zebra Technologies Corporation, purchasing 796 shares valued at approximately $225,000.
• Several other institutional investors, including Vanguard Group Inc. and Bank of New York Mellon Corp, have also increased their stakes in Zebra Technologies, indicating a strong interest from large financial entities.
• Zebra Technologies recently reported quarterly earnings of $3.61 per share, surpassing analysts' expectations, and has initiated a $250 million stock buyback program, suggesting that the company believes its shares are undervalued.

Truvestments Capital LLC purchased a new stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 796 shares of the industrial products company's stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ZBRA. Investment Management Corp VA ADV acquired a new position in Zebra Technologies during the fourth quarter valued at approximately $27,000. Zions Bancorporation National Association UT bought a new stake in shares of Zebra Technologies in the first quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Zebra Technologies in the first quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Zebra Technologies in the first quarter valued at approximately $30,000. Finally, Brooklyn Investment Group boosted 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 valued at $30,000 after acquiring an additional 54 shares during the period. Institutional investors and hedge funds own 91.03% of the company's stock.

Analyst Ratings Changes

ZBRA has been the subject of several research reports. Truist Financial increased their price objective on Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. BNP Paribas raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Needham & Company LLC increased their price objective on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Barclays set a $301.00 target price on Zebra Technologies and gave the stock an "equal weight" rating in a research report on Tuesday, August 5th. Finally, Morgan Stanley lifted their price target on shares of Zebra Technologies from $280.00 to $300.00 and gave the stock an "equal weight" 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 issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $357.44.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded down $10.25 during mid-day trading on Tuesday, hitting $306.85. The company's stock had a trading volume of 449,548 shares, compared to its average volume of 587,043. The company has a market capitalization of $15.60 billion, a price-to-earnings ratio of 28.97 and a beta of 1.79. The stock has a fifty day moving average of $321.66 and a 200-day moving average of $292.74. 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 fifty-two week low of $205.73 and a fifty-two week 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 for the quarter, topping the consensus estimate of $3.31 by $0.30. The company 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 company's revenue was up 6.2% on a year-over-year basis. During the same quarter last 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, equities analysts forecast that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

Zebra Technologies announced that its board has authorized a stock 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 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.