1 week Ago By ABMN Staff
California Public Employees Retirement System trimmed its position in shares of Zurn Elkay Water Solutions Co. ( NYSE:ZWS – Free Report ) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission.
The firm owned 238,698 shares of the company’s stock after selling 37,782 shares during the period. California Public Employees Retirement System owned 0.14% of Zurn Elkay Water Solutions worth $8,903,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC increased its position in Zurn Elkay Water Solutions by 11.2% in the 3rd quarter.
FMR LLC now owns 14,070 shares of the company’s stock valued at $506,000 after acquiring an additional 1,416 shares during the period. Captrust Financial Advisors grew its stake in shares of Zurn Elkay Water Solutions by 7.8% in the third quarter.
Captrust Financial Advisors now owns 7,832 shares of the company’s stock worth $281,000 after purchasing an additional 570 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Zurn Elkay Water Solutions by 687.
7% during the third quarter. Benjamin Edwards Inc. now owns 12,856 shares of the company’s stock valued at $462,000 after purchasing an additional 11,224 shares during the period.
HighTower Advisors LLC raised its stake in shares of Zurn Elkay Water Solutions by 3.3% during the third quarter. HighTower Advisors LLC now owns 8,092 shares of the company’s stock valued at $293,000 after purchasing an additional 259 shares in the last quarter.
Finally, State Street Corp lifted its holdings in Zurn Elkay Water Solutions by 63.8% in the third quarter. State Street Corp now owns 5,441,980 shares of the company’s stock worth $195,585,000 after purchasing an additional 2,119,777 shares during the period.
Institutional investors own 83.33% of the company’s stock. Wall Street Analysts Forecast Growth Several equities analysts have commented on the stock.
The Goldman Sachs Group lowered their target price on shares of Zurn Elkay Water Solutions from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd.
Stifel Nicolaus upped their target price on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, January 24th.
Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $37.67.
Zurn Elkay Water Solutions Stock Down 3.3 % NYSE ZWS opened at $29.64 on Monday.
Zurn Elkay Water Solutions Co. has a 12 month low of $28.25 and a 12 month high of $41.
15. The company has a market capitalization of $5.00 billion, a P/E ratio of 32.
22, a PEG ratio of 2.01 and a beta of 1.08.
The company’s 50 day simple moving average is $35.22 and its 200 day simple moving average is $36.86.
The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.
81. Zurn Elkay Water Solutions ( NYSE:ZWS – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.
32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04.
Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%.
Equities research analysts expect that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current fiscal year.
Zurn Elkay Water Solutions Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.09 per share.
This represents a $0.36 annualized dividend and a dividend yield of 1.21%.
The ex-dividend date of this dividend was Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio is 39.13%.
Insider Activity at Zurn Elkay Water Solutions In related news, major shareholder Aimee Katz sold 8,912,500 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $33.60, for a total value of $299,460,000.
00. Following the completion of the sale, the insider now owns 15,002,819 shares in the company, valued at approximately $504,094,718.40.
This represents a 37.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
Also, CFO David J. Pauli sold 8,390 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $35.
47, for a total transaction of $297,593.30. Following the transaction, the chief financial officer now owns 59,410 shares in the company, valued at approximately $2,107,272.
70. The trade was a 12.37 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . 2.60% of the stock is currently owned by corporate insiders.
Zurn Elkay Water Solutions Company Profile ( Free Report ) Zurn Elkay Water Solutions Corporation engages in design, procurement, manufacture, and marketing of water management solutions in the United States, Canada, and internationally. It offers water safety and control products, such as backflow preventers, fire system valves, pressure reducing valves, thermostatic mixing valves, PEX pipings, fittings, and installation tools under the Zurn and Wilkins brand names. Further Reading Want to see what other hedge funds are holding ZWS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Zurn Elkay Water Solutions Co. ( NYSE:ZWS – Free Report ). Receive News & Ratings for Zurn Elkay Water Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zurn Elkay Water Solutions and related companies with MarketBeat.
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