Bank of New York Mellon Corp Sells 125,854 Shares of Zebra Technologies Corporation $ZBRA

Bank of New York Mellon Corp lowered its position in shares of Zebra Technologies Corporation (NASDAQ:ZBRA) by 28.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,934 shares of the industrial products company’s stock after selling 125,854 shares during the period. Bank of New York Mellon Corp’s holdings in Zebra Technologies were worth $97,730,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ZBRA. Trust Co. of Toledo NA OH bought a new position in shares of Zebra Technologies in the second quarter worth $25,000. Zions Bancorporation National Association UT bought a new stake in Zebra Technologies during the first quarter valued at $27,000. Cary Street Partners Investment Advisory LLC purchased a new position in Zebra Technologies during the first quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. bought 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 acquiring an additional 54 shares during the last quarter. 91.03% of the stock is owned by institutional investors.

Zebra Technologies Stock Up 0.5%

Shares of ZBRA opened at $259.54 on Friday. Zebra Technologies Corporation has a 1 year low of $205.73 and a 1 year high of $427.76. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.61 and a quick ratio of 1.03. The stock has a 50 day simple moving average of $298.13 and a two-hundred day simple moving average of $300.39. The firm has a market cap of $13.20 billion, a P/E ratio of 26.16 and a beta of 1.80.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $3.88 EPS for the quarter, topping the consensus estimate of $3.75 by $0.13. Zebra Technologies had a net margin of 9.74% and a return on equity of 18.08%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm posted $3.49 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. Zebra Technologies has set its Q4 2025 guidance at 4.200-4.400 EPS. FY 2025 guidance at 15.800-15.800 EPS. On average, analysts forecast that Zebra Technologies Corporation will post 13.71 earnings per share for the current fiscal year.

Zebra Technologies announced that its board has initiated a stock repurchase 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 repurchase up to 1.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ZBRA. Truist Financial dropped their price target on Zebra Technologies from $350.00 to $331.00 and set a “hold” rating for the company in a research report on Wednesday, October 29th. Robert W. Baird raised their target price on shares of Zebra Technologies from $320.00 to $367.00 and gave the company an “outperform” rating in a research note on Monday, July 14th. KeyCorp reiterated a “sector weight” rating on shares of Zebra Technologies in a research report on Thursday, October 30th. Barclays decreased their price target on shares of Zebra Technologies from $375.00 to $360.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Finally, Needham & Company LLC raised their price objective on shares of Zebra Technologies from $325.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Zebra Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $354.00.

Zebra Technologies 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.