Alliancebernstein L.P. Sells 2,032 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Alliancebernstein L.P. decreased its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 1.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 182,207 shares of the company’s stock after selling 2,032 shares during the period. Alliancebernstein L.P. owned approximately 0.11% of Zurn Elkay Water Solutions worth $6,796,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ZWS. HighTower Advisors LLC grew its stake in Zurn Elkay Water Solutions by 3.3% in the third quarter. HighTower Advisors LLC now owns 8,092 shares of the company’s stock valued at $293,000 after acquiring an additional 259 shares during the period. DAVENPORT & Co LLC lifted its holdings in shares of Zurn Elkay Water Solutions by 3.2% during the 4th quarter. DAVENPORT & Co LLC now owns 8,559 shares of the company’s stock valued at $319,000 after purchasing an additional 269 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Zurn Elkay Water Solutions by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,984 shares of the company’s stock valued at $205,000 after purchasing an additional 344 shares during the period. Sanctuary Advisors LLC increased its stake in Zurn Elkay Water Solutions by 0.7% during the 4th quarter. Sanctuary Advisors LLC now owns 58,208 shares of the company’s stock worth $2,288,000 after purchasing an additional 389 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Zurn Elkay Water Solutions by 4.8% during the 4th quarter. Venturi Wealth Management LLC now owns 9,441 shares of the company’s stock worth $352,000 after buying an additional 430 shares during the period. Institutional investors own 83.33% of the company’s stock.

Insider Activity at Zurn Elkay Water Solutions

In other news, major shareholder Aimee Katz sold 8,912,500 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Thursday, February 13th. The stock was 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 directly owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. The trade was a 37.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David J. Pauli sold 8,390 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $35.47, for a total value of $297,593.30. Following the transaction, the chief financial officer now directly owns 59,410 shares in the company, valued at $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 owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ZWS shares. BNP Paribas downgraded shares of Zurn Elkay Water Solutions from an “outperform” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research report on Wednesday. Stifel Nicolaus increased their target price on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group dropped their price target on 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. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Zurn Elkay Water Solutions has a consensus rating of “Hold” and an average target price of $36.43.

Zurn Elkay Water Solutions Trading Up 0.7 %

Shares of NYSE:ZWS opened at $29.40 on Friday. The company’s 50-day moving average price is $33.82 and its two-hundred day moving average price is $36.57. Zurn Elkay Water Solutions Co. has a one year low of $27.74 and a one year high of $41.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. The stock has a market capitalization of $4.96 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.01 and a beta of 1.08.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, February 20th. Zurn Elkay Water Solutions’s payout ratio is presently 39.13%.

About Zurn Elkay Water Solutions

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.