SG Americas Securities LLC cut its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 85.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,461 shares of the company's stock after selling 26,665 shares during the period. SG Americas Securities LLC's holdings in Zurn Elkay Water Solutions were worth $166,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of Zurn Elkay Water Solutions by 138.4% during the 4th quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $35,000 after purchasing an additional 544 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Zurn Elkay Water Solutions during the 3rd quarter valued at $36,000. Tsfg LLC acquired a new position in Zurn Elkay Water Solutions during the fourth quarter worth $56,000. KBC Group NV lifted its stake in shares of Zurn Elkay Water Solutions by 20.9% in the third quarter. KBC Group NV now owns 3,978 shares of the company's stock valued at $143,000 after buying an additional 688 shares in the last quarter. Finally, Millburn Ridgefield Corp boosted its stake in Zurn Elkay Water Solutions by 1,152.5% during the 3rd quarter. Millburn Ridgefield Corp now owns 5,173 shares of the company's stock valued at $186,000 after purchasing an additional 4,760 shares during the last quarter. Institutional investors own 83.33% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Oppenheimer raised their target price on Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Stifel Nicolaus boosted their price target on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a "hold" rating in a report on Friday, January 24th. Robert W. Baird boosted their target price on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Finally, 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 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 MarketBeat, Zurn Elkay Water Solutions has an average rating of "Moderate Buy" and an average target price of $38.67.
Read Our Latest Report on ZWS
Zurn Elkay Water Solutions Price Performance
Shares of Zurn Elkay Water Solutions stock traded up $0.04 on Thursday, hitting $35.96. 1,522,792 shares of the company traded hands, compared to its average volume of 1,027,203. The firm's 50-day simple moving average is $38.24 and its 200 day simple moving average is $36.17. Zurn Elkay Water Solutions Co. has a 12-month low of $28.25 and a 12-month high of $41.15. 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 cap of $6.10 billion, a P/E ratio of 39.08, a P/E/G ratio of 1.78 and a beta of 1.15.
Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 14.01% and a net margin of 10.23%. Analysts expect that Zurn Elkay Water Solutions Co. will post 1.35 earnings per share for the current fiscal year.
Zurn Elkay Water Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Thursday, February 20th will be given a $0.09 dividend. The ex-dividend date is Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 1.00%. Zurn Elkay Water Solutions's payout ratio is currently 39.13%.
Zurn Elkay Water Solutions Profile
(
Free Report)
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.
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