Natixis Advisors LLC Has $793,000 Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Natixis Advisors LLC grew its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 60.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,267 shares of the company's stock after acquiring an additional 8,017 shares during the period. Natixis Advisors LLC's holdings in Zurn Elkay Water Solutions were worth $793,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its holdings in Zurn Elkay Water Solutions by 3.3% in the 3rd quarter. HighTower Advisors LLC now owns 8,092 shares of the company's stock worth $293,000 after purchasing an additional 259 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Zurn Elkay Water Solutions by 3.2% in the fourth quarter. DAVENPORT & Co LLC now owns 8,559 shares of the company's stock worth $319,000 after buying an additional 269 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Zurn Elkay Water Solutions by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,984 shares of the company's stock worth $205,000 after buying an additional 344 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of Zurn Elkay Water Solutions by 0.7% during the 4th quarter. Sanctuary Advisors LLC now owns 58,208 shares of the company's stock worth $2,288,000 after buying an additional 389 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in Zurn Elkay Water Solutions by 4.8% in the 4th quarter. Venturi Wealth Management LLC now owns 9,441 shares of the company's stock valued at $352,000 after buying an additional 430 shares during the last quarter. 83.33% of the stock is owned by institutional investors.

Remove Ads

Zurn Elkay Water Solutions Stock Performance

Zurn Elkay Water Solutions stock traded down $0.80 on Friday, hitting $32.96. The company's stock had a trading volume of 668,794 shares, compared to its average volume of 1,084,179. Zurn Elkay Water Solutions Co. has a one year low of $28.25 and a one year high of $41.15. The firm has a market cap of $5.56 billion, a P/E ratio of 35.82, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. 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 company has a fifty day moving average price of $35.89 and a 200-day moving average price of $36.91.

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

Zurn Elkay Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 1.09%. Zurn Elkay Water Solutions's dividend payout ratio is currently 39.13%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Zurn Elkay Water Solutions presently has a consensus rating of "Hold" and a consensus target price of $38.40.

Insider Buying and Selling at Zurn Elkay Water Solutions

In related news, CFO David J. Pauli sold 8,390 shares of Zurn Elkay Water Solutions stock in a transaction dated Friday, February 14th. The stock was 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. The trade was a 12.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Aimee Katz sold 8,912,500 shares of the 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 sale, the insider now directly owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. This represents a 37.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.60% 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.