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

Thematics Asset Management decreased its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 248,371 shares of the company's stock after selling 15,756 shares during the period. Thematics Asset Management owned about 0.15% of Zurn Elkay Water Solutions worth $9,264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of ZWS. First Trust Advisors LP raised its holdings in Zurn Elkay Water Solutions by 184.0% in the fourth quarter. First Trust Advisors LP now owns 3,556,599 shares of the company's stock worth $132,661,000 after purchasing an additional 2,304,285 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Zurn Elkay Water Solutions in the fourth quarter valued at approximately $80,457,000. Norges Bank acquired a new position in shares of Zurn Elkay Water Solutions during the fourth quarter worth $61,412,000. Invesco Ltd. lifted its holdings in shares of Zurn Elkay Water Solutions by 26.8% during the 4th quarter. Invesco Ltd. now owns 5,880,302 shares of the company's stock valued at $219,335,000 after purchasing an additional 1,242,642 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Zurn Elkay Water Solutions by 49.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company's stock worth $94,161,000 after buying an additional 868,748 shares during the last quarter. Institutional investors own 83.33% of the company's stock.

Zurn Elkay Water Solutions Trading Up 4.8 %

ZWS traded up $1.48 during mid-day trading on Wednesday, hitting $32.61. 2,845,291 shares of the stock were exchanged, compared to its average volume of 1,126,873. The company has a current ratio of 2.91, a quick ratio of 1.81 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Co. has a 1-year low of $27.74 and a 1-year high of $41.15. The company has a market cap of $5.50 billion, a PE ratio of 35.45, a PEG ratio of 2.01 and a beta of 1.08. The firm's fifty day moving average is $32.78 and its two-hundred day moving average is $36.28.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The company had revenue of $388.80 million during the quarter, compared to the consensus estimate of $383.87 million. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. During the same period in the previous year, the business earned $0.29 EPS. Equities analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 1.10%. Zurn Elkay Water Solutions's dividend payout ratio is currently 39.13%.

Insider Activity at Zurn Elkay Water Solutions

In other news, major shareholder Aimee Katz sold 8,912,500 shares of the business's stock in a transaction that occurred on 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 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David J. Pauli sold 8,390 shares of Zurn Elkay Water Solutions stock in a transaction on Friday, February 14th. The stock was sold at an average price of $35.47, for a total value of $297,593.30. Following the transaction, the chief financial officer now directly owns 59,410 shares of the company's stock, valued at approximately $2,107,272.70. This represents a 12.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ZWS. Stifel Nicolaus upgraded shares of Zurn Elkay Water Solutions from a "hold" rating to a "buy" rating and lowered their target price for the stock from $39.00 to $34.00 in a research note on Wednesday, April 16th. BNP Paribas cut shares of Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 target price for the company. in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group decreased their price objective on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Zurn Elkay Water Solutions has a consensus rating of "Hold" and an average target price of $35.71.

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.