Top 5 Stock Picks of Thomas Bancroft’s Makaira Partners

3. Zebra Technologies Corporation (NASDAQ:ZBRA)

Bancroft’s Stake Value: $57,121,000

Percentage of Thomas Bancroft’s 13F Portfolio: 11.32%

Number of Hedge Fund Holders: 34

Zebra Technologies Corporation (NASDAQ: ZBRA), together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, namely, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company serves retail and e-commerce, transportation and logistics, manufacturing, healthcare, hospitality, warehouse and distribution, energy and utilities, government, education, and banking enterprises. It sells its products, solutions, and services through distributors, value-added resellers, independent software vendors, direct marketers, and original equipment manufacturers. Zebra Technologies Corporation (NASDAQ: ZBRA) was founded in 1969 and is headquartered in Lincolnshire, Illinois.

This August, Baird analyst Richard Eastman raised the firm’s price target on Zebra Technologies Corporation (NASDAQ: ZBRA) from $490 to $560 and kept an Outperform rating on the shares. The analyst believes in strong secular demand in its expanding offering of solutions to digitize and automate workflows, plus strong competitive positioning and balance sheet support his long-term growth view.

According to the latest filings, Makaira Partners owned over 107,000 shares in the firm at the end of June 2021 worth more than $57 million, representing 11.32% of the portfolio.

As of the fiscal second quarter of 2021, Zebra Technologies Corporation (NASDAQ: ZBRA) reported an EPS of $4.57, beating estimates by $0.45. Total revenue grew 44.04% year over year to $1.38 billion beating estimates by $30.88 million. On top of this, Zebra Technologies Corporation (NASDAQ: ZBRA) has gained 23.74% over the past 6 months and 50.52% year to date.

By the end of the second quarter of 2021, 34 hedge funds out of the 873 tracked by Insider Monkey held stakes in Zebra Technologies Corporation (NASDAQ: ZBRA) worth about $1.20 billion. This is compared to 35 hedge funds in the previous quarter with a total stake value of approximately $1.16 billion.