SteelPeak Wealth LLC Makes New Investment in Zebra Technologies Co. (NASDAQ:ZBRA)

SteelPeak Wealth LLC bought a new stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,008 shares of the industrial products company’s stock, valued at approximately $373,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in Zebra Technologies by 1.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,449,609 shares of the industrial products company’s stock valued at $447,828,000 after purchasing an additional 24,058 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Zebra Technologies by 44.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,373,792 shares of the industrial products company’s stock valued at $414,117,000 after buying an additional 425,207 shares during the last quarter. Boston Partners boosted its stake in shares of Zebra Technologies by 9.7% during the 1st quarter. Boston Partners now owns 1,108,819 shares of the industrial products company’s stock valued at $334,230,000 after buying an additional 98,045 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Zebra Technologies by 5.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 390,541 shares of the industrial products company’s stock valued at $120,650,000 after buying an additional 21,534 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Zebra Technologies by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 346,939 shares of the industrial products company’s stock valued at $107,180,000 after buying an additional 7,117 shares during the last quarter. 91.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ZBRA has been the subject of several research analyst reports. Vertical Research initiated coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $375.00 target price for the company. Morgan Stanley increased their target price on Zebra Technologies from $290.00 to $305.00 and gave the company an “underweight” rating in a research note on Wednesday. Stephens raised their price objective on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, UBS Group raised their price objective on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and a consensus price target of $385.18.

Insider Activity

In other 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 transaction of $341,690.00. Following the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Zebra Technologies Stock Performance

ZBRA stock opened at $381.97 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 1.37. The stock has a market capitalization of $19.70 billion, a price-to-earnings ratio of 51.97 and a beta of 1.66. Zebra Technologies Co. has a 1 year low of $194.59 and a 1 year high of $394.57. The stock’s fifty day moving average is $358.62 and its two-hundred day moving average is $329.95.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $3.24 earnings per share. On average, research analysts predict that Zebra Technologies Co. will post 11.09 EPS for the current year.

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.