Amalgamated Bank Has $1.52 Million Stock Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Amalgamated Bank increased its stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 714.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,368 shares of the company's stock after purchasing an additional 37,169 shares during the period. Amalgamated Bank's holdings in Zurn Elkay Water Solutions were worth $1,523,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Quarry LP lifted its stake in Zurn Elkay Water Solutions by 178.7% in the 2nd quarter. Quarry LP now owns 836 shares of the company's stock valued at $25,000 after purchasing an additional 536 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in Zurn Elkay Water Solutions by 76.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 859 shares of the company's stock valued at $25,000 after purchasing an additional 373 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Zurn Elkay Water Solutions in the 2nd quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new stake in Zurn Elkay Water Solutions in the 3rd quarter valued at about $36,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Zurn Elkay Water Solutions by 732.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,440 shares of the company's stock valued at $42,000 after purchasing an additional 1,267 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on ZWS. Robert W. Baird raised their target price on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Stifel Nicolaus raised their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the stock a "hold" rating in a research report on Wednesday, October 16th. Mizuho raised their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Finally, Oppenheimer raised their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. Four 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, Zurn Elkay Water Solutions currently has an average rating of "Hold" and a consensus target price of $38.17.

Zurn Elkay Water Solutions Price Performance

Shares of NYSE ZWS traded up $0.64 during midday trading on Wednesday, reaching $39.97. The company's stock had a trading volume of 251,395 shares, compared to its average volume of 1,118,573. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 2.70. Zurn Elkay Water Solutions Co. has a fifty-two week low of $27.55 and a fifty-two week high of $40.64. The business's 50 day moving average price is $35.64 and its two-hundred day moving average price is $32.67. The company has a market cap of $6.78 billion, a P/E ratio of 50.25, a P/E/G ratio of 1.99 and a beta of 1.14.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%. The company had revenue of $410.00 million during the quarter, compared to the consensus estimate of $406.15 million. During the same period in the previous year, the business earned $0.29 earnings per share. The firm's quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that Zurn Elkay Water Solutions Co. will post 1.24 EPS for the current fiscal year.

Zurn Elkay Water Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Wednesday, November 20th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.90%. This is an increase from Zurn Elkay Water Solutions's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, November 20th. Zurn Elkay Water Solutions's payout ratio is presently 40.51%.

Insider Activity

In other news, CEO Todd A. Adams sold 120,000 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $39.83, for a total transaction of $4,779,600.00. Following the completion of the sale, the chief executive officer now owns 2,242,867 shares of the company's stock, valued at approximately $89,333,392.61. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Todd A. Adams sold 120,000 shares of Zurn Elkay Water Solutions stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $39.83, for a total value of $4,779,600.00. Following the transaction, the chief executive officer now owns 2,242,867 shares in the company, valued at approximately $89,333,392.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Sudhanshu Chhabra sold 52,851 shares of the company's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $32.55, for a total value of $1,720,300.05. Following the sale, the vice president now owns 80,151 shares of the company's stock, valued at approximately $2,608,915.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 225,688 shares of company stock worth $8,400,151. Corporate insiders own 3.80% of the company's stock.

Zurn Elkay Water Solutions 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.