Logan Capital Management Inc. Increases Position in Zebra Technologies Corporation $ZBRA

Key Points

• Logan Capital Management Inc. increased its stake in Zebra Technologies by 6.0% during the 1st quarter, now holding 31,035 shares valued at approximately $8.77 million.
• Zebra Technologies announced a $250 million stock repurchase program, indicating the board's belief that the stock is undervalued.
EPS of $3.61, exceeding analysts' expectations, with a revenue of $1.29 billion for the quarter, reflecting a 6.2% increase year-over-year.

Logan Capital Management Inc. boosted its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 6.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,035 shares of the industrial products company's stock after purchasing an additional 1,757 shares during the quarter. Logan Capital Management Inc. owned about 0.06% of Zebra Technologies worth $8,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ZBRA. Algert Global LLC purchased a new position in Zebra Technologies during the 4th quarter worth $456,000. Benjamin Edwards Inc. increased its holdings in Zebra Technologies by 5.7% during the 4th quarter. Benjamin Edwards Inc. now owns 651 shares of the industrial products company's stock worth $251,000 after purchasing an additional 35 shares during the period. Captrust Financial Advisors increased its holdings in Zebra Technologies by 8.7% during the 4th quarter. Captrust Financial Advisors now owns 4,542 shares of the industrial products company's stock worth $1,754,000 after purchasing an additional 364 shares during the period. Cetera Investment Advisers increased its holdings in Zebra Technologies by 2.5% during the 4th quarter. Cetera Investment Advisers now owns 7,752 shares of the industrial products company's stock worth $2,994,000 after purchasing an additional 189 shares during the period. Finally, Deutsche Bank AG increased its holdings in Zebra Technologies by 4.3% during the 4th quarter. Deutsche Bank AG now owns 225,505 shares of the industrial products company's stock worth $87,095,000 after purchasing an additional 9,251 shares during the period. 91.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on ZBRA. Barclays set a $301.00 price objective on Zebra Technologies and gave the stock an "equal weight" rating in a report on Tuesday, August 5th. BNP Paribas upgraded Zebra Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 10th. Citigroup reiterated a "neutral" rating and issued a $342.00 price target (up from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. Needham & Company LLC lifted their price target on Zebra Technologies from $325.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, BNP Paribas Exane upgraded Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price target on the stock in a report on Thursday, July 10th. One investment 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 has a consensus rating of "Moderate Buy" and a consensus price target of $357.44.

Zebra Technologies Stock Down 1.1%

Shares of Zebra Technologies stock traded down $3.36 during trading on Friday, reaching $312.65. The company's stock had a trading volume of 516,923 shares, compared to its average volume of 451,989. 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 company has a market cap of $15.90 billion, a price-to-earnings ratio of 29.52 and a beta of 1.78. Zebra Technologies Corporation has a 1-year low of $205.73 and a 1-year high of $427.76. The company has a 50-day simple moving average of $321.40 and a two-hundred day simple moving average of $292.33.

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 analysts' consensus estimates of $3.31 by $0.30. The firm had revenue of $1.29 billion during 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%.The business's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm 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. As a group, equities analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current year.

Zebra Technologies announced that its Board of Directors has approved 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 often an indication that the company's board believes its stock is 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.