Fort Washington Investment Advisors Inc. OH Lowers Stock Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Fort Washington Investment Advisors Inc. OH trimmed its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 34.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 367,769 shares of the company's stock after selling 190,484 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.22% of Zurn Elkay Water Solutions worth $13,718,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of Zurn Elkay Water Solutions by 63.8% in the 3rd quarter. State Street Corp now owns 5,441,980 shares of the company's stock valued at $195,585,000 after purchasing an additional 2,119,777 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Zurn Elkay Water Solutions by 49.6% during the third quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company's stock worth $94,161,000 after buying an additional 868,748 shares during the period. Dimensional Fund Advisors LP boosted its stake in Zurn Elkay Water Solutions by 37.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,695,510 shares of the company's stock worth $49,846,000 after buying an additional 465,701 shares during the period. Impax Asset Management Group plc raised its stake in shares of Zurn Elkay Water Solutions by 4.1% in the 3rd quarter. Impax Asset Management Group plc now owns 8,801,275 shares of the company's stock valued at $315,645,000 after acquiring an additional 346,412 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Zurn Elkay Water Solutions by 25.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,615,944 shares of the company's stock worth $58,077,000 after acquiring an additional 329,563 shares during the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Zurn Elkay Water Solutions Stock Up 0.7 %

Shares of ZWS traded up $0.27 during midday trading on Thursday, hitting $39.16. The company had a trading volume of 279,458 shares, compared to its average volume of 868,655. The company's 50-day simple moving average is $38.58 and its 200-day simple moving average is $35.36. 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 1 year low of $28.25 and a 1 year high of $41.15. The firm has a market capitalization of $6.65 billion, a P/E ratio of 49.57, a P/E/G ratio of 1.80 and a beta of 1.15.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.34 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $406.15 million. During the same quarter in the previous year, the business posted $0.29 EPS. The firm's revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts expect that Zurn Elkay Water Solutions Co. will post 1.24 EPS for the current year.

Insider Activity at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, CEO Todd A. Adams sold 120,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 directly owns 2,242,867 shares in the company, valued at $89,333,392.61. This represents a 5.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jeffrey J. Lavalle sold 3,132 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $39.15, for a total transaction of $122,617.80. Following the sale, the vice president now owns 35,422 shares of the company's stock, valued at $1,386,771.30. This represents a 8.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,202 shares of company stock valued at $5,061,558 over the last quarter. 3.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ZWS has been the subject of several research reports. Stifel Nicolaus lifted their target price on shares of Zurn Elkay Water Solutions from $36.00 to $38.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. Mizuho boosted their price objective on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Robert W. Baird raised their target price on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Finally, Oppenheimer boosted their price target on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Zurn Elkay Water Solutions currently has an average rating of "Moderate Buy" and an average target price of $38.50.

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.