Trexquant Investment LP Lowers Position in Xylem Inc. (NYSE:XYL)

Trexquant Investment LP lowered its stake in shares of Xylem Inc. (NYSE:XYL - Free Report) by 78.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 23,787 shares of the industrial products company's stock after selling 85,667 shares during the period. Trexquant Investment LP's holdings in Xylem were worth $2,760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Impax Asset Management Group plc lifted its holdings in Xylem by 231.5% in the fourth quarter. Impax Asset Management Group plc now owns 5,561,661 shares of the industrial products company's stock valued at $644,039,000 after acquiring an additional 3,883,845 shares during the period. Norges Bank acquired a new stake in shares of Xylem during the 4th quarter worth approximately $302,734,000. AMF Tjanstepension AB purchased a new position in shares of Xylem during the 4th quarter valued at approximately $96,658,000. Victory Capital Management Inc. lifted its stake in shares of Xylem by 42.9% in the 4th quarter. Victory Capital Management Inc. now owns 2,326,024 shares of the industrial products company's stock valued at $269,865,000 after purchasing an additional 698,745 shares during the period. Finally, Swedbank AB boosted its holdings in Xylem by 23.1% during the fourth quarter. Swedbank AB now owns 3,683,201 shares of the industrial products company's stock worth $427,325,000 after buying an additional 691,618 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Xylem Price Performance

XYL traded up $1.26 on Friday, hitting $108.94. 1,938,139 shares of the company's stock were exchanged, compared to its average volume of 1,374,462. Xylem Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $146.08. The stock has a market cap of $26.51 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 2.33 and a beta of 1.08. The firm has a 50-day moving average price of $122.72 and a 200-day moving average price of $124.02. The company has a current ratio of 1.76, a quick ratio of 1.33 and a debt-to-equity ratio of 0.19.

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Xylem (NYSE:XYL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.06. The company had revenue of $2.30 billion during the quarter, compared to analysts' expectations of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. Xylem's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 EPS. As a group, equities analysts anticipate that Xylem Inc. will post 4.65 earnings per share for the current year.

Xylem Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Tuesday, February 18th. This is a positive change from Xylem's previous quarterly dividend of $0.36. Xylem's payout ratio is currently 43.72%.

Wall Street Analyst Weigh In

XYL has been the subject of a number of analyst reports. Citigroup downgraded shares of Xylem from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their price target on Xylem from $166.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. Finally, Robert W. Baird raised their price objective on Xylem from $139.00 to $148.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $149.89.

Xylem Profile

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.