Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC raised its stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,208 shares of the company’s stock after acquiring an additional 389 shares during the period. Sanctuary Advisors LLC’s holdings in Zurn Elkay Water Solutions were worth $2,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Zurn Elkay Water Solutions by 138.4% in the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $35,000 after acquiring an additional 544 shares in the last quarter. Tsfg LLC acquired a new position in Zurn Elkay Water Solutions in the fourth quarter valued at $56,000. KBC Group NV boosted its stake in Zurn Elkay Water Solutions by 20.9% in the third quarter. KBC Group NV now owns 3,978 shares of the company’s stock valued at $143,000 after acquiring an additional 688 shares in the last quarter. Millburn Ridgefield Corp boosted its stake in shares of Zurn Elkay Water Solutions by 1,152.5% during the third quarter. Millburn Ridgefield Corp now owns 5,173 shares of the company’s stock worth $186,000 after buying an additional 4,760 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of Zurn Elkay Water Solutions by 78.6% during the fourth quarter. Pacer Advisors Inc. now owns 6,294 shares of the company’s stock worth $235,000 after buying an additional 2,769 shares during the period. Institutional investors and hedge funds own 83.33% of the company’s stock.

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 value of $299,460,000.00. Following the completion of the transaction, the insider now directly owns 15,002,819 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Also, CFO David J. Pauli sold 8,390 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 59,410 shares of the company’s stock, valued at approximately $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 owned by insiders.

Zurn Elkay Water Solutions Price Performance

Shares of NYSE:ZWS opened at $34.90 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.93 billion, a P/E ratio of 37.93, a PEG ratio of 2.01 and a beta of 1.15. Zurn Elkay Water Solutions Co. has a 52 week low of $28.25 and a 52 week high of $41.15. The company has a 50-day moving average price of $37.57 and a 200 day moving average price of $36.38.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 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%. Research analysts predict that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a yield of 1.03%. Zurn Elkay Water Solutions’s payout ratio is currently 39.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Robert W. Baird increased their target price on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Mizuho increased their target price on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus increased 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Zurn Elkay Water Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $38.67.

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.