Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc cut its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 53.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,091,710 shares of the company's stock after selling 4,709,565 shares during the quarter. Impax Asset Management Group plc owned about 2.41% of Zurn Elkay Water Solutions worth $152,587,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Zurn Elkay Water Solutions by 138.4% during the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $35,000 after purchasing an additional 544 shares during the period. Tsfg LLC acquired a new stake in Zurn Elkay Water Solutions during the 4th quarter valued at approximately $56,000. KBC Group NV boosted its holdings in shares of Zurn Elkay Water Solutions by 20.9% in the 3rd quarter. KBC Group NV now owns 3,978 shares of the company's stock valued at $143,000 after acquiring an additional 688 shares during the last quarter. Millburn Ridgefield Corp increased its stake in shares of Zurn Elkay Water Solutions by 1,152.5% in the third quarter. Millburn Ridgefield Corp now owns 5,173 shares of the company's stock worth $186,000 after acquiring an additional 4,760 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Zurn Elkay Water Solutions during the third quarter worth $234,000. 83.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Stifel Nicolaus upped their price target on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a "hold" rating in a report on Friday, January 24th. Mizuho raised their target price on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Finally, Robert W. Baird lifted their price target on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.67.

Zurn Elkay Water Solutions Trading Down 0.3 %

Shares of ZWS traded down $0.10 during trading on Thursday, reaching $35.09. 786,117 shares of the company traded hands, compared to its average volume of 995,114. The stock has a 50-day simple moving average of $37.36 and a 200-day simple moving average of $36.49. The stock has a market cap of $5.97 billion, a PE ratio of 38.14, a price-to-earnings-growth ratio of 2.01 and a beta of 1.15. Zurn Elkay Water Solutions Co. has a twelve month low of $28.25 and a twelve month high of $41.15. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates 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%. On average, analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

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

Insider Buying and Selling

In other Zurn Elkay Water Solutions news, major shareholder Aimee Katz sold 8,912,500 shares of Zurn Elkay Water Solutions stock in a transaction dated 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 completion of the sale, the insider now directly 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 Securities & Exchange Commission, which is available at this link. Also, CFO David J. Pauli sold 8,390 shares of the company's stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 59,410 shares of the company's stock, 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. Insiders own 3.00% 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.