Vestmark Advisory Solutions Inc. Increases Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Vestmark Advisory Solutions Inc. boosted its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,921 shares of the company’s stock after buying an additional 5,054 shares during the period. Vestmark Advisory Solutions Inc. owned approximately 0.08% of Zurn Elkay Water Solutions worth $4,958,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of ZWS. New York State Teachers Retirement System acquired a new position in Zurn Elkay Water Solutions in the 3rd quarter worth about $1,172,000. Janney Montgomery Scott LLC increased its stake in Zurn Elkay Water Solutions by 0.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 209,209 shares of the company’s stock worth $7,519,000 after buying an additional 700 shares in the last quarter. Impax Asset Management Group plc raised its holdings in shares of Zurn Elkay Water Solutions by 4.1% during the third quarter. Impax Asset Management Group plc now owns 8,801,275 shares of the company’s stock valued at $315,645,000 after acquiring an additional 346,412 shares during the last quarter. Amalgamated Bank lifted its position in shares of Zurn Elkay Water Solutions by 714.9% in the third quarter. Amalgamated Bank now owns 42,368 shares of the company’s stock valued at $1,523,000 after acquiring an additional 37,169 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Zurn Elkay Water Solutions by 49.6% during the third quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock worth $94,161,000 after purchasing an additional 868,748 shares in the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lifted their target price on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.67.

Insider Activity at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, major shareholder Aimee Katz sold 8,912,500 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $33.60, for a total transaction of $299,460,000.00. Following the completion of the transaction, the insider now owns 15,002,819 shares of the company’s stock, valued at $504,094,718.40. This trade represents a 37.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David J. Pauli sold 8,390 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $35.47, for a total transaction of $297,593.30. Following the completion of the sale, the chief financial officer now directly owns 59,410 shares in the company, valued at $2,107,272.70. This trade represents a 12.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.

Zurn Elkay Water Solutions Stock Performance

NYSE ZWS opened at $34.33 on Thursday. Zurn Elkay Water Solutions Co. has a fifty-two week low of $28.25 and a fifty-two week high of $41.15. The firm has a market capitalization of $5.84 billion, a P/E ratio of 37.31, a price-to-earnings-growth ratio of 2.01 and a beta of 1.15. The stock’s fifty day moving average is $37.08 and its two-hundred day moving average is $36.63. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.81 and a current ratio of 2.91.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. On average, research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, February 20th. Zurn Elkay Water Solutions’s payout ratio is presently 39.13%.

Zurn Elkay Water Solutions Company Profile

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.