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

Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,449,609 shares of the industrial products company's stock after buying an additional 24,058 shares during the period. Zebra Technologies makes up about 1.1% of Kayne Anderson Rudnick Investment Management LLC's investment portfolio, 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 hedge funds and other institutional investors have also made changes to their positions in the business. Ensign Peak Advisors Inc boosted its position in shares of Zebra Technologies by 52.3% during the second quarter. Ensign Peak Advisors Inc now owns 73,915 shares of the industrial products company's stock worth $22,835,000 after buying an additional 25,375 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Zebra Technologies by 22.3% during the second quarter. Thrivent Financial for Lutherans now owns 12,498 shares of the industrial products company's stock worth $3,860,000 after buying an additional 2,278 shares during the period. Sei Investments Co. boosted its position in shares of Zebra Technologies by 11.2% during the second quarter. Sei Investments Co. now owns 43,060 shares of the industrial products company's stock worth $13,303,000 after buying an additional 4,347 shares during the period. Canada Pension Plan Investment Board bought a new stake in Zebra Technologies during the second quarter worth approximately $1,187,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Zebra Technologies by 15.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 292 shares of the industrial products company's stock worth $90,000 after purchasing an additional 38 shares in the last quarter. 91.03% of the stock is currently owned by institutional investors and hedge funds.

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded up $2.97 during trading on Friday, hitting $366.76. The company had a trading volume of 596,313 shares, compared to its average volume of 361,643. The company has a market cap of $18.86 billion, a P/E ratio of 72.77 and a beta of 1.65. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $372.93. The business's 50-day moving average is $335.86 and its 200 day moving average is $314.29. 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 (NASDAQ:ZBRA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.18 billion. During the same period in the previous year, the company posted $3.24 EPS. The company's quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts predict that Zebra Technologies Co. will post 11.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares in the company, valued at approximately $3,312,342.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. TD Cowen boosted their target price on Zebra Technologies from $375.00 to $380.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Truist Financial reissued a "hold" rating and set a $345.00 target price (up previously from $315.00) on shares of Zebra Technologies in a report on Wednesday, July 31st. Barclays boosted their target price on Zebra Technologies from $314.00 to $347.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 31st. Needham & Company LLC boosted their target price on Zebra Technologies from $370.00 to $394.00 and gave the stock a "buy" rating in a report on Wednesday, July 31st. Finally, Redburn Atlantic raised Zebra Technologies to a "strong-buy" rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $349.64.

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.