Fox Run Management L.L.C. Boosts Stock Holdings in Zebra Technologies Corporation $ZBRA

Key Points

• Fox Run Management L.L.C. significantly increased its stake in Zebra Technologies by 47.3%, now holding 6,311 shares valued at approximately $1.78 million.
• Zebra Technologies reported $3.61 EPS for the latest quarter, exceeding consensus estimates of $3.31 by $0.30, with revenue of $1.29 billion.
• The company's Board of Directors has initiated a stock repurchase plan allowing for the buyback of up to $250 million in shares, indicating confidence in the stock's valuation.

Fox Run Management L.L.C. boosted its holdings in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 47.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,311 shares of the industrial products company's stock after acquiring an additional 2,026 shares during the period. Fox Run Management L.L.C.'s holdings in Zebra Technologies were worth $1,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Advisory Inc. grew its holdings in Zebra Technologies by 8.7% during the 1st 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 holdings in Zebra Technologies by 33.0% during the 1st 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 holdings in Zebra Technologies by 6.4% during the 4th 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. boosted its holdings in shares of Zebra Technologies by 1.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,473 shares of the industrial products company's stock valued at $981,000 after buying an additional 66 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Zebra Technologies by 6.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 21,321 shares of the industrial products company's stock valued at $6,024,000 after buying an additional 1,267 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors.

Zebra Technologies Stock Performance

Shares of Zebra Technologies stock traded down $3.4350 during midday trading on Tuesday, hitting $314.0450. The company had a trading volume of 110,741 shares, compared to its average volume of 592,676. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76. The company has a quick ratio of 1.03, a current ratio of 1.46 and a debt-to-equity ratio of 0.59. The stock has a market cap of $15.97 billion, a price-to-earnings ratio of 29.66 and a beta of 1.75. The company has a fifty day simple moving average of $316.84 and a 200 day simple moving average of $295.81.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings results 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. Zebra Technologies had a net margin of 10.56% and a return on equity of 18.95%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm posted $3.18 EPS. Zebra Technologies's revenue for the quarter was up 6.2% compared to the same quarter last year. 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, analysts predict that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies declared that its board has initiated a share repurchase program on Tuesday, August 5th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the industrial products company to purchase up to 1.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Zebra Technologies from $280.00 to $300.00 and gave the company an "equal weight" rating in a report on Wednesday, August 6th. Truist Financial raised their price target on shares of Zebra Technologies from $269.00 to $319.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Needham & Company LLC raised their price target on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. UBS Group lowered their price target on shares of Zebra Technologies from $425.00 to $410.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, BNP Paribas upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Zebra Technologies currently has an average rating of "Moderate Buy" and an average 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.