Northern Trust Corp Has $162.72 Million Stock Position in Zebra Technologies Corporation $ZBRA

Key Points

• Northern Trust Corp increased its stake in Zebra Technologies by 15.8% in Q1, owning approximately 575,869 shares worth $162.7 million.
• Zebra Technologies reported an EPS of $3.61 for the most recent quarter, exceeding estimates of $3.31, with a 6.2% year-over-year revenue increase to $1.29 billion.
• The company has launched a $250 million stock buyback program, indicating confidence in its stock value and financial health.

Northern Trust Corp increased its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA - Free Report) by 15.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 575,869 shares of the industrial products company's stock after acquiring an additional 78,506 shares during the period. Northern Trust Corp owned approximately 1.12% of Zebra Technologies worth $162,718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ZBRA. Investment Management Corp VA ADV bought a new stake in shares of Zebra Technologies in the 4th quarter valued at approximately $27,000. Zions Bancorporation National Association UT bought a new stake in shares of Zebra Technologies in the 1st quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Zebra Technologies in the 1st quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Zebra Technologies in the 1st quarter valued at approximately $30,000. Finally, Brooklyn Investment Group increased its holdings in shares of Zebra Technologies by 101.9% in the 1st 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 last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Zebra Technologies Stock Down 1.0%

NASDAQ:ZBRA traded down $3.24 during trading hours on Monday, reaching $319.55. The company's stock had a trading volume of 310,201 shares, compared to its average volume of 703,604. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.46 and a quick ratio of 1.03. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 30.17 and a beta of 1.75. Zebra Technologies Corporation has a one year low of $205.73 and a one year high of $427.76. The business's 50-day moving average is $318.96 and its 200-day moving average is $293.50.

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 (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.30. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $3.18 EPS. The firm's revenue was up 6.2% on a year-over-year basis. Zebra Technologies has set its FY 2025 guidance at 15.250-15.750 EPS. Q3 2025 guidance at 3.600-3.800 EPS. Equities research analysts predict that Zebra Technologies Corporation will post 13.71 EPS for the current year.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Citigroup reiterated a "neutral" rating and set a $342.00 price target (up previously from $280.00) on shares of Zebra Technologies in a research report on Monday, July 14th. BNP Paribas Exane raised shares of Zebra Technologies from a "neutral" rating to an "outperform" rating and set a $408.00 price objective on the stock in a research note on Thursday, July 10th. BNP Paribas raised Zebra Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 10th. Robert W. Baird boosted their target price on Zebra Technologies from $320.00 to $367.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Finally, Needham & Company LLC boosted their target price on Zebra Technologies from $325.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock 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.