Exchange Traded Concepts LLC Has $87,000 Stock Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Exchange Traded Concepts LLC lessened its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 91.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,414 shares of the company's stock after selling 26,406 shares during the quarter. Exchange Traded Concepts LLC's holdings in Zurn Elkay Water Solutions were worth $87,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. LVW Advisors LLC increased its position in Zurn Elkay Water Solutions by 11.6% during the third quarter. LVW Advisors LLC now owns 23,023 shares of the company's stock worth $827,000 after acquiring an additional 2,390 shares during the period. Perpetual Ltd increased its holdings in shares of Zurn Elkay Water Solutions by 12.8% during the 3rd quarter. Perpetual Ltd now owns 197,669 shares of the company's stock worth $7,104,000 after purchasing an additional 22,493 shares during the period. Handelsbanken Fonder AB raised its position in shares of Zurn Elkay Water Solutions by 6.5% during the third quarter. Handelsbanken Fonder AB now owns 49,118 shares of the company's stock valued at $1,765,000 after buying an additional 3,000 shares during the last quarter. Thrive Wealth Management LLC bought a new stake in shares of Zurn Elkay Water Solutions in the third quarter valued at about $268,000. Finally, SG Americas Securities LLC grew its position in Zurn Elkay Water Solutions by 66.7% during the third quarter. SG Americas Securities LLC now owns 31,126 shares of the company's stock worth $1,119,000 after buying an additional 12,451 shares in the last quarter. Institutional investors and hedge funds own 83.33% of the company's stock.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, Director Timothy J. Jahnke sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $37.59, for a total value of $751,800.00. Following the completion of the sale, the director now owns 345,017 shares of the company's stock, valued at approximately $12,969,189.03. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Timothy J. Jahnke sold 20,000 shares of Zurn Elkay Water Solutions stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $37.59, for a total transaction of $751,800.00. Following the transaction, the director now owns 345,017 shares in the company, valued at $12,969,189.03. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Timothy J. Jahnke sold 15,600 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $33.03, for a total value of $515,268.00. Following the sale, the director now directly owns 385,017 shares of the company's stock, valued at approximately $12,717,111.51. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,572 shares of company stock valued at $3,473,472. 3.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ZWS has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Stifel Nicolaus raised their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the stock a "hold" rating in a report on Wednesday, October 16th. Finally, Oppenheimer upped their target price on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an "outperform" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.40.

Zurn Elkay Water Solutions Trading Down 1.0 %

Zurn Elkay Water Solutions stock traded down $0.38 during mid-day trading on Wednesday, hitting $36.13. The stock had a trading volume of 748,071 shares, compared to its average volume of 1,118,656. The stock has a market capitalization of $6.24 billion, a PE ratio of 50.89, a P/E/G ratio of 2.01 and a beta of 1.14. Zurn Elkay Water Solutions Co. has a 12 month low of $25.09 and a 12 month high of $38.11. The company has a current ratio of 2.84, a quick ratio of 1.75 and a debt-to-equity ratio of 0.31. The stock has a 50-day simple moving average of $34.00 and a two-hundred day simple moving average of $32.11.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.02. Zurn Elkay Water Solutions had a net margin of 8.80% and a return on equity of 12.82%. The business had revenue of $412.00 million during the quarter, compared to the consensus estimate of $409.14 million. During the same period in the previous year, the firm posted $0.24 earnings per share. Zurn Elkay Water Solutions's revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Zurn Elkay Water Solutions Co. will post 1.21 EPS for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 20th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.89%. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is presently 45.07%.

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.