CIBC Private Wealth Group LLC Has $19.06 Million Stock Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

CIBC Private Wealth Group LLC reduced its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 515,604 shares of the company's stock after selling 14,267 shares during the period. CIBC Private Wealth Group LLC owned 0.30% of Zurn Elkay Water Solutions worth $19,057,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake 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 valued at $35,000 after acquiring an additional 544 shares in the last quarter. Atala Financial Inc bought a new position in shares of Zurn Elkay Water Solutions in the fourth quarter valued at approximately $44,000. Tsfg LLC bought a new position in shares of Zurn Elkay Water Solutions in the fourth quarter valued at approximately $56,000. Tortoise Investment Management LLC lifted its stake in shares of Zurn Elkay Water Solutions by 77.4% in the fourth 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 last quarter. Finally, Caisse Des Depots ET Consignations bought a new stake in shares of Zurn Elkay Water Solutions during the 4th quarter worth $82,000. Institutional investors and hedge funds own 83.33% of the company's stock.

Insider Activity

In other Zurn Elkay Water Solutions news, major shareholder Aimee Katz sold 8,912,500 shares of the business's stock in a transaction on 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 sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO David J. Pauli sold 8,390 shares of the 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 transaction, 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 position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

Zurn Elkay Water Solutions Stock Performance

Zurn Elkay Water Solutions stock traded down $1.02 during mid-day trading on Friday, reaching $29.64. The company had a trading volume of 1,316,208 shares, compared to its average volume of 1,092,438. 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 firm has a market cap of $5.00 billion, a price-to-earnings ratio of 32.22, a PEG ratio of 2.01 and a beta of 1.08. The company has a 50 day moving average of $35.22 and a 200-day moving average of $36.84. Zurn Elkay Water Solutions Co. has a 52 week low of $28.25 and a 52 week high of $41.15.

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 net margin of 10.23% and a return on equity of 14.03%. On average, sell-side 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 company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, February 20th. Zurn Elkay Water Solutions's payout ratio is presently 39.13%.

Wall Street Analyst Weigh In

ZWS has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their target price on shares of Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday. Stifel Nicolaus raised their price target on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Friday, January 24th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Zurn Elkay Water Solutions presently has a consensus rating of "Hold" and a consensus price target of $37.67.

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.