Guinness Asset Management LTD Has $424,000 Stock Position in Zebra Technologies Corporation $ZBRA

Guinness Asset Management LTD boosted its position in Zebra Technologies Corporation (NASDAQ:ZBRA) by 18.3% during the 2nd quarter, Holdings Channel reports. The fund owned 1,376 shares of the industrial products company’s stock after buying an additional 213 shares during the period. Guinness Asset Management LTD’s holdings in Zebra Technologies were worth $424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Zebra Technologies by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 6,365,470 shares of the industrial products company’s stock worth $1,798,627,000 after purchasing an additional 104,940 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Zebra Technologies by 27.5% during the first quarter. Victory Capital Management Inc. now owns 1,183,710 shares of the industrial products company’s stock worth $334,469,000 after buying an additional 255,193 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Zebra Technologies by 4.7% in the first quarter. JPMorgan Chase & Co. now owns 978,109 shares of the industrial products company’s stock valued at $276,375,000 after buying an additional 43,500 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Zebra Technologies by 15.8% in the first quarter. Northern Trust Corp now owns 575,869 shares of the industrial products company’s stock valued at $162,718,000 after buying an additional 78,506 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Zebra Technologies by 36.4% during the first quarter. Bank of New York Mellon Corp now owns 442,788 shares of the industrial products company’s stock valued at $125,114,000 after buying an additional 118,247 shares during the last quarter. Institutional investors own 91.03% of the company’s stock.

Zebra Technologies Stock Performance

Shares of ZBRA opened at $308.82 on Monday. The stock has a 50 day moving average of $307.43 and a 200 day moving average of $297.96. The company has a market capitalization of $15.70 billion, a price-to-earnings ratio of 29.16 and a beta of 1.75. Zebra Technologies Corporation has a 12 month low of $205.73 and a 12 month high of $427.76. The company has a current ratio of 1.46, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $3.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.30. Zebra Technologies had a return on equity of 18.95% and a net margin of 10.56%.The firm 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 earned $3.18 EPS. The business’s revenue for the quarter 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. As a group, sell-side analysts forecast 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 stock repurchase program on Tuesday, August 5th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to reacquire up to 1.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Truist Financial raised their price target on shares of Zebra Technologies from $319.00 to $350.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. BNP Paribas Exane upgraded Zebra Technologies from a “neutral” rating to an “outperform” rating and set a $408.00 target price on the stock in a report on Thursday, July 10th. Robert W. Baird lifted their target price on Zebra Technologies from $320.00 to $367.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. Needham & Company LLC increased their price target on Zebra Technologies from $325.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Barclays set a $375.00 price objective on Zebra Technologies in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $369.56.

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.