23,478 Shares in Zurn Elkay Water Solutions Co. (NYSE:ZWS) Acquired by Capital Fund Management S.A.

Capital Fund Management S.A. purchased a new position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 23,478 shares of the company's stock, valued at approximately $876,000.

A number of other hedge funds also recently made changes to their positions in ZWS. GAMMA Investing LLC raised its position in shares of Zurn Elkay Water Solutions by 138.4% in the 4th quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $35,000 after buying an additional 544 shares during the period. Atala Financial Inc purchased a new position in shares of Zurn Elkay Water Solutions in the 4th quarter worth about $44,000. Tsfg LLC acquired a new position in shares of Zurn Elkay Water Solutions in the 4th quarter valued at about $56,000. Tortoise Investment Management LLC grew its holdings in shares of Zurn Elkay Water Solutions by 77.4% during the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock worth $65,000 after purchasing an additional 755 shares during the period. Finally, Caisse Des Depots ET Consignations acquired a new stake in Zurn Elkay Water Solutions during the 4th quarter worth approximately $82,000. Institutional investors and hedge funds own 83.33% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ZWS. Stifel Nicolaus upgraded shares of Zurn Elkay Water Solutions from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $39.00 to $34.00 in a research note on Wednesday, April 16th. The Goldman Sachs Group cut their price objective on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, BNP Paribas downgraded Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 target price on the stock. in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $35.71.

Insider Activity

In other Zurn Elkay Water Solutions news, CFO David J. Pauli sold 8,390 shares of the business's stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Aimee Katz sold 8,912,500 shares of the firm's stock in a transaction dated 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 owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. The trade was a 37.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.60% of the company's stock.

Zurn Elkay Water Solutions Stock Up 4.6 %

ZWS traded up $1.38 on Tuesday, reaching $31.07. The company's stock had a trading volume of 2,568,198 shares, compared to its average volume of 1,121,124. Zurn Elkay Water Solutions Co. has a 1 year low of $27.74 and a 1 year high of $41.15. The business's 50 day moving average is $32.78 and its 200 day moving average is $36.28. 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 cap of $5.24 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 2.01 and a beta of 1.08.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. During the same quarter in the previous year, the company posted $0.29 earnings per share. As a group, research analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 EPS 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 given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Thursday, February 20th. Zurn Elkay Water Solutions's payout ratio is currently 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.