Barclays PLC Sells 29,569 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Barclays PLC lowered its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 275,162 shares of the company's stock after selling 29,569 shares during the period. Barclays PLC owned 0.16% of Zurn Elkay Water Solutions worth $10,263,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings in shares of Zurn Elkay Water Solutions by 138.4% during the 4th quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $35,000 after acquiring an additional 544 shares during the period. Atala Financial Inc acquired a new position in shares of Zurn Elkay Water Solutions in the 4th quarter valued at $44,000. Tsfg LLC purchased a new stake in shares of Zurn Elkay Water Solutions during the 4th quarter valued at $56,000. Tortoise Investment Management LLC raised its position in shares of Zurn Elkay Water Solutions by 77.4% in the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock worth $65,000 after buying an additional 755 shares during the period. Finally, Caisse Des Depots ET Consignations acquired a new position in shares of Zurn Elkay Water Solutions in the 4th quarter valued at about $82,000. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

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 business's 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 transaction, the insider now owns 15,002,819 shares of the company's stock, valued at $504,094,718.40. The trade was a 37.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO David J. Pauli sold 8,390 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $35.47, for a total transaction of $297,593.30. Following the sale, the chief financial officer now directly owns 59,410 shares in the company, valued at $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. 2.60% of the stock is owned by insiders.

Zurn Elkay Water Solutions Trading Up 0.3 %

Shares of ZWS stock traded up $0.10 during trading hours on Friday, reaching $33.83. The company had a trading volume of 958,941 shares, compared to its average volume of 1,125,038. Zurn Elkay Water Solutions Co. has a 1-year low of $27.74 and a 1-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 firm has a market cap of $5.71 billion, a price-to-earnings ratio of 36.77, a P/E/G ratio of 2.01 and a beta of 1.08. The company has a 50 day moving average of $32.65 and a 200 day moving average of $36.22.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. The firm had revenue of $388.80 million during the quarter, compared to analysts' expectations of $383.87 million. During the same period in the previous year, the firm earned $0.29 earnings per share. On average, equities research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.06%. Zurn Elkay Water Solutions's payout ratio is presently 36.36%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday. Robert W. Baird decreased their target price on Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday. 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. Finally, BNP Paribas lowered shares of Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 target price for the company. in a research note on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Zurn Elkay Water Solutions has an average rating of "Hold" and a consensus target price of $36.43.

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.