Ariel Investments, an investment management company, released its “Ariel Focus Fund” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the fund declined -7.45%, compared to -5.62% return for the Russell 1000 Value Index and -4.88% loss for the S&P 500 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Ariel Investment highlighted stocks like Zebra Technologies Corporation (NASDAQ:ZBRA) in its Q3 2022 investor letter. Headquartered in Lincolnshire, Illinois, Zebra Technologies Corporation (NASDAQ:ZBRA) is a technology company that operates in Asset Intelligence & Tracking and Enterprise Visibility & Mobility segments. On December 2, 2022, Zebra Technologies Corporation (NASDAQ:ZBRA) stock closed at $274.86 per share. One-month return of Zebra Technologies Corporation (NASDAQ:ZBRA) was 16.29%, and its shares lost 52.95% of their value over the last 52 weeks. Zebra Technologies Corporation (NASDAQ:ZBRA) has a market capitalization of $14.191 billion.
Ariel Investment made the following comment about Zebra Technologies Corporation (NASDAQ:ZBRA) in its Q3 2022 investor letter:
“We also bought shares of two companies held in other Ariel portfolios, leading global manufacturer of power generation equipment Generac Holdings, Inc. (GNRC) and bar-code manufacturer Zebra Technologies Corporation (NASDAQ:ZBRA).
Meanwhile, ZBRA’s brand strength, distribution network and commitment to innovation enable it to take share, earn industry-leading profitability and penetrate new markets. A recent pullback in stock price provided an attractive entry point. Shares have come under pressure due to investor concerns around inflation and supply chain disruptions. At current valuation levels, we think investors are underappreciating ZBRA’s alignment with the global effort to improve supply chain efficiency. At the same time, the company is leveraging the wide moat in its core business to expand into faster growing markets including warehouse robotics and machine vision. Meanwhile ZBRA continues to deliver prodigious free cash flow which we believe will continue to be deployed towards both growth and share repurchases.”
alex-knight-2EJCSULRwC8-unsplash
Zebra Technologies Corporation (NASDAQ:ZBRA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held Zebra Technologies Corporation (NASDAQ:ZBRA) at the end of the third quarter, which was 33 in the previous quarter.
We discussed Zebra Technologies Corporation (NASDAQ:ZBRA) in another article and shared best robotics stocks. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
- Ray Dalio’s Long-Term Stock Picks
- 9 Best European Bank Stocks To Invest In
- 15 Best Dividend Stocks For Passive Income
Disclosure: None. This article is originally published at Insider Monkey.
