Candriam S.C.A. Trims Stake in Zebra Technologies Corporation $ZBRA

Candriam S.C.A. lowered its position in Zebra Technologies Corporation (NASDAQ:ZBRA) by 26.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,156 shares of the industrial products company’s stock after selling 10,810 shares during the quarter. Candriam S.C.A. owned about 0.06% of Zebra Technologies worth $8,521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Investment Management Corp VA ADV purchased a new position in Zebra Technologies in the 4th quarter worth about $27,000. Zions Bancorporation National Association UT purchased a new position in Zebra Technologies in the 1st quarter worth about $27,000. Cary Street Partners Investment Advisory LLC purchased a new position in Zebra Technologies in the 1st quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Zebra Technologies in the 1st quarter worth about $30,000. Finally, Brooklyn Investment Group increased its stake in Zebra Technologies by 101.9% in the 1st quarter. Brooklyn Investment Group now owns 107 shares of the industrial products company’s stock worth $30,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 91.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wall Street Zen downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, May 1st. Truist Financial raised their price target on shares of Zebra Technologies from $269.00 to $319.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Citigroup reiterated a “neutral” rating and set a $342.00 target price (up from $280.00) on shares of Zebra Technologies in a report on Monday, July 14th. UBS Group dropped their target price 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, Barclays set a $301.00 target price on shares of Zebra Technologies and gave the stock an “equal weight” rating in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $357.44.

Zebra Technologies Stock Up 1.2%

NASDAQ:ZBRA opened at $308.51 on Friday. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The stock has a market capitalization of $15.69 billion, a P/E ratio of 29.13 and a beta of 1.75. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. The company’s 50-day simple moving average is $317.65 and its 200-day simple moving average is $295.45.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share for the quarter, beating 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 business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business earned $3.18 EPS. The company’s revenue 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. On average, equities analysts anticipate that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies announced that its board has authorized a share repurchase plan on Tuesday, August 5th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the industrial products company to purchase up to 1.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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.