Kayne Anderson Rudnick Investment Management LLC Trims Stake in Zebra Technologies Co. (NASDAQ:ZBRA)

Kayne Anderson Rudnick Investment Management LLC trimmed its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 0.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,486,374 shares of the industrial products company's stock after selling 1,965 shares during the period. Zebra Technologies accounts for about 1.3% of Kayne Anderson Rudnick Investment Management LLC's holdings, making the stock its 19th largest holding. Kayne Anderson Rudnick Investment Management LLC owned about 2.88% of Zebra Technologies worth $574,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Creative Financial Designs Inc. ADV boosted its stake in Zebra Technologies by 102.9% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 71 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 36 shares in the last quarter. Sierra Ocean LLC purchased a new position in Zebra Technologies during the 4th quarter worth approximately $28,000. Picton Mahoney Asset Management purchased a new stake in Zebra Technologies in the fourth quarter valued at approximately $31,000. Avalon Trust Co purchased a new position in shares of Zebra Technologies during the fourth quarter worth approximately $35,000. Finally, Fortitude Family Office LLC increased its holdings in shares of Zebra Technologies by 159.5% in the 4th quarter. Fortitude Family Office LLC now owns 96 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 59 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Anders Gustafsson bought 500 shares of the firm's stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $311.00 per share, for a total transaction of $155,500.00. Following the completion of the transaction, the director now owns 202,176 shares in the company, valued at $62,876,736. This trade represents a 0.25 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.84% of the company's stock.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded up $9.60 during trading on Thursday, hitting $244.08. 411,050 shares of the company were exchanged, compared to its average volume of 434,999. The firm's fifty day moving average price is $273.12 and its 200 day moving average price is $348.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.43 and a quick ratio of 1.03. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 23.98 and a beta of 1.76. Zebra Technologies Co. has a 1 year low of $205.73 and a 1 year high of $427.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The industrial products company reported $3.62 EPS for the quarter, missing analysts' consensus estimates of $3.85 by ($0.23). Zebra Technologies had a return on equity of 18.34% and a net margin of 10.60%. The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.31 billion. On average, sell-side analysts expect that Zebra Technologies Co. will post 13.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ZBRA. Needham & Company LLC dropped their price objective on shares of Zebra Technologies from $430.00 to $395.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Truist Financial decreased their price objective on Zebra Technologies from $379.00 to $254.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird dropped their target price on Zebra Technologies from $432.00 to $380.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Morgan Stanley decreased their price target on Zebra Technologies from $390.00 to $232.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Finally, Barclays lowered their price objective on shares of Zebra Technologies from $407.00 to $326.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Zebra Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $343.36.

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.