Quantbot Technologies LP Has $646,000 Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Quantbot Technologies LP decreased its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 49.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,974 shares of the company's stock after selling 17,934 shares during the period. Quantbot Technologies LP's holdings in Zurn Elkay Water Solutions were worth $646,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Bleakley Financial Group LLC grew its position in Zurn Elkay Water Solutions by 1.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 20,871 shares of the company's stock worth $750,000 after purchasing an additional 269 shares during the period. Tortoise Investment Management LLC grew its holdings in Zurn Elkay Water Solutions by 76.7% in the second quarter. Tortoise Investment Management LLC now owns 859 shares of the company's stock valued at $25,000 after purchasing an additional 373 shares during the period. MJP Associates Inc. ADV increased its position in shares of Zurn Elkay Water Solutions by 5.5% in the second quarter. MJP Associates Inc. ADV now owns 10,214 shares of the company's stock valued at $300,000 after buying an additional 534 shares in the last quarter. Quarry LP grew its stake in Zurn Elkay Water Solutions by 178.7% in the 2nd quarter. Quarry LP now owns 836 shares of the company's stock valued at $25,000 after acquiring an additional 536 shares during the period. Finally, Arizona State Retirement System grew its position in shares of Zurn Elkay Water Solutions by 1.4% in the second quarter. Arizona State Retirement System now owns 40,929 shares of the company's stock valued at $1,203,000 after purchasing an additional 561 shares during the period. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on ZWS. Mizuho upped their target price on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Oppenheimer raised their target price 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. Robert W. Baird upped 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. Finally, Stifel Nicolaus boosted their price objective on Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $38.17.

Zurn Elkay Water Solutions Stock Down 0.2 %

NYSE:ZWS traded down $0.10 during midday trading on Tuesday, hitting $40.18. 171,202 shares of the company were exchanged, compared to its average volume of 1,100,482. Zurn Elkay Water Solutions Co. has a fifty-two week low of $27.55 and a fifty-two week high of $40.74. The company has a current ratio of 2.70, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $6.82 billion, a PE ratio of 51.00, a price-to-earnings-growth ratio of 2.02 and a beta of 1.14. The company has a fifty day simple moving average of $37.41 and a 200 day simple moving average of $33.34.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $410.00 million for the quarter, compared to the consensus estimate of $406.15 million. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%. The business's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share. As a group, equities analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.24 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Wednesday, November 20th will be given a dividend of $0.09 per share. This is a positive change from Zurn Elkay Water Solutions's previous quarterly dividend of $0.08. The ex-dividend date is Wednesday, November 20th. This represents a $0.36 annualized dividend and a yield of 0.90%. Zurn Elkay Water Solutions's dividend payout ratio is 45.57%.

Insider Transactions at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, CEO Todd A. Adams sold 120,000 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 of the company's stock, valued at $89,333,392.61. The trade was a 5.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Timothy J. Jahnke sold 15,600 shares of Zurn Elkay Water Solutions stock in a transaction dated 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 in the company, valued at approximately $12,717,111.51. This trade represents a 3.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 225,688 shares of company stock worth $8,400,151. 3.00% of the stock is currently owned by company insiders.

Zurn Elkay Water Solutions Company 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.