Zebra Technologies Co. (NASDAQ:ZBRA) Shares Bought by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 1.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,449,609 shares of the industrial products company’s stock after buying an additional 24,058 shares during the period. Zebra Technologies accounts for about 1.1% of Kayne Anderson Rudnick Investment Management LLC’s holdings, making the stock its 29th largest holding. Kayne Anderson Rudnick Investment Management LLC owned about 2.81% of Zebra Technologies worth $447,828,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ZBRA. Farmers & Merchants Investments Inc. boosted its holdings in Zebra Technologies by 185.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 97 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 63 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in shares of Zebra Technologies in the 2nd quarter valued at $32,000. BOK Financial Private Wealth Inc. purchased a new position in shares of Zebra Technologies in the 1st quarter valued at $36,000. Massmutual Trust Co. FSB ADV raised its stake in Zebra Technologies by 38.8% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 118 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 33 shares in the last quarter. Finally, Webster Bank N. A. lifted its position in Zebra Technologies by 792.9% in the second quarter. Webster Bank N. A. now owns 125 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 111 shares during the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the sale, the insider now owns 9,694 shares of the company’s stock, valued at $3,312,342.86. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Up 0.8 %

ZBRA stock opened at $366.76 on Friday. The stock has a market capitalization of $18.86 billion, a PE ratio of 72.77 and a beta of 1.65. The company has a fifty day moving average of $335.86 and a 200-day moving average of $314.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28. Zebra Technologies Co. has a one year low of $194.59 and a one year high of $372.93.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm earned $3.24 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. As a group, analysts expect that Zebra Technologies Co. will post 11.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ZBRA. Barclays raised their price objective on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Vertical Research assumed coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target on the stock. TD Cowen boosted their price objective on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Stephens raised their target price on shares of Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC upped their price target on shares of Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zebra Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $349.64.

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.