Logan Capital Management Inc. Sells 2,722 Shares of Zebra Technologies Corporation $ZBRA

Logan Capital Management Inc. reduced its stake in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,313 shares of the industrial products company’s stock after selling 2,722 shares during the quarter. Logan Capital Management Inc.’s holdings in Zebra Technologies were worth $8,731,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Diversified Trust Co grew its stake in Zebra Technologies by 87.6% during the first quarter. Diversified Trust Co now owns 2,611 shares of the industrial products company’s stock worth $738,000 after buying an additional 1,219 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of Zebra Technologies by 0.9% during the 1st quarter. Amalgamated Bank now owns 10,208 shares of the industrial products company’s stock worth $2,884,000 after acquiring an additional 92 shares during the period. New York State Teachers Retirement System boosted its position in shares of Zebra Technologies by 0.3% during the 1st quarter. New York State Teachers Retirement System now owns 41,405 shares of the industrial products company’s stock worth $11,699,000 after acquiring an additional 133 shares in the last quarter. Mather Group LLC. boosted its position in shares of Zebra Technologies by 10.1% during the 1st quarter. Mather Group LLC. now owns 1,530 shares of the industrial products company’s stock worth $432,000 after acquiring an additional 140 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its stake in Zebra Technologies by 12.8% in the first quarter. Vontobel Holding Ltd. now owns 133,733 shares of the industrial products company’s stock valued at $37,788,000 after acquiring an additional 15,216 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $310.57 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.46. Zebra Technologies Corporation has a fifty-two week low of $205.73 and a fifty-two week high of $427.76. The company has a 50 day simple moving average of $307.29 and a two-hundred day simple moving average of $298.42. The company has a market capitalization of $15.79 billion, a PE ratio of 29.33 and a beta of 1.75.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $3.61 EPS 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 quarter in the prior year, the firm posted $3.18 earnings per share. The business’s quarterly 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. Research analysts anticipate 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 plan on Tuesday, August 5th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the industrial products company to reacquire up to 1.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several recent analyst reports. Citigroup upped their target price on Zebra Technologies from $340.00 to $346.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Barclays set a $375.00 price objective on Zebra Technologies in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Zebra Technologies in a research note on Wednesday, October 8th. Morgan Stanley boosted their target price on Zebra Technologies from $280.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Finally, Zacks Research downgraded shares of Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $369.56.

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.