Zebra Technologies Corporation $ZBRA Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its stake in Zebra Technologies by 31.2% during the second quarter, selling nearly 4,000 shares and leaving it with 8,693 shares valued at approximately $2.68 million.
• Zebra Technologies reported a quarterly EPS of $3.61, surpassing analyst expectations, with a revenue of $1.29 billion, showing a 6.2% increase compared to the same quarter last year.
• The company has initiated a $250 million stock buyback program, which suggests that its Board of Directors believes its stock is currently undervalued.

US Bancorp DE reduced its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 31.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,693 shares of the industrial products company's stock after selling 3,947 shares during the quarter. US Bancorp DE's holdings in Zebra Technologies were worth $2,681,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp grew its stake in Zebra Technologies by 8.1% in the 1st quarter. Fifth Third Bancorp now owns 3,127 shares of the industrial products company's stock valued at $884,000 after acquiring an additional 233 shares during the last quarter. Elevation Point Wealth Partners LLC grew its position in shares of Zebra Technologies by 7.3% in the first quarter. Elevation Point Wealth Partners LLC now owns 954 shares of the industrial products company's stock valued at $270,000 after purchasing an additional 65 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Zebra Technologies by 33.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,912 shares of the industrial products company's stock valued at $2,236,000 after purchasing an additional 1,964 shares during the last quarter. Sagespring Wealth Partners LLC grew its holdings in Zebra Technologies by 6.6% during the 1st quarter. Sagespring Wealth Partners LLC now owns 1,093 shares of the industrial products company's stock valued at $309,000 after buying an additional 68 shares during the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in Zebra Technologies during the 1st quarter valued at $1,815,000. Institutional investors and hedge funds own 91.03% of the company's stock.

Zebra Technologies Trading Up 2.5%

ZBRA opened at $288.99 on Wednesday. The stock has a market capitalization of $14.69 billion, a PE ratio of 27.29 and a beta of 1.75. The firm's fifty day moving average price is $310.48 and its 200 day moving average price is $294.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. Zebra Technologies Corporation has a 12-month low of $205.73 and a 12-month high of $427.76.

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, beating the consensus estimate of $3.31 by $0.30. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The business's revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $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, research analysts expect that Zebra Technologies Corporation will post 13.71 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

ZBRA has been the topic of several analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Zebra Technologies in a research note on Wednesday, October 8th. BNP Paribas Exane upgraded shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 target price on the stock in a research report on Thursday, July 10th. Morgan Stanley raised their target price on shares of Zebra Technologies from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Zacks Research upgraded shares of Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Finally, Robert W. Baird raised their price objective on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $369.56.

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.

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