Advisor OS LLC Lowers Stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Advisor OS LLC lowered its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 46.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,883 shares of the company's stock after selling 8,710 shares during the period. Advisor OS LLC's holdings in Zurn Elkay Water Solutions were worth $369,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Illinois Municipal Retirement Fund acquired a new position in Zurn Elkay Water Solutions during the 4th quarter valued at approximately $2,799,000. Los Angeles Capital Management LLC lifted its holdings in Zurn Elkay Water Solutions by 29.2% in the fourth quarter. Los Angeles Capital Management LLC now owns 53,147 shares of the company's stock valued at $1,982,000 after acquiring an additional 12,010 shares during the period. World Equity Group Inc. purchased a new stake in Zurn Elkay Water Solutions during the fourth quarter worth $272,000. Peregrine Capital Management LLC grew its position in shares of Zurn Elkay Water Solutions by 1.8% during the 4th quarter. Peregrine Capital Management LLC now owns 296,230 shares of the company's stock valued at $11,049,000 after acquiring an additional 5,286 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of 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 valued at $352,000 after acquiring an additional 430 shares during the period. 83.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stifel Nicolaus increased their price target 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.67.

Zurn Elkay Water Solutions Price Performance

Shares of ZWS traded down $0.50 during mid-day trading on Monday, hitting $34.93. 1,005,701 shares of the company were exchanged, compared to its average volume of 999,578. 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 Co. has a 1-year low of $28.25 and a 1-year high of $41.15. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 37.97, a price-to-earnings-growth ratio of 2.01 and a beta of 1.15. The company has a 50 day moving average of $37.28 and a 200-day moving average of $36.60.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share 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%. Analysts expect that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, February 20th. Zurn Elkay Water Solutions's payout ratio is 39.13%.

Insider Activity

In related news, CFO David J. Pauli sold 8,390 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $35.47, for a total value of $297,593.30. Following the completion of the sale, the chief financial officer now owns 59,410 shares of the company's stock, valued at approximately $2,107,272.70. This represents a 12.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Aimee Katz sold 8,912,500 shares of the business's 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 in the company, valued at $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 3.80% of the company's stock.

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.