California Public Employees Retirement System Has $8.90 Million Stock Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

California Public Employees Retirement System cut its stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,698 shares of the company's stock after selling 37,782 shares during the period. California Public Employees Retirement System owned 0.14% of Zurn Elkay Water Solutions worth $8,903,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Zurn Elkay Water Solutions by 138.4% in the 4th quarter. GAMMA Investing LLC now owns 937 shares of the company's stock valued at $35,000 after acquiring an additional 544 shares during the last quarter. Atala Financial Inc acquired a new position in Zurn Elkay Water Solutions in the fourth quarter worth $44,000. Tsfg LLC bought a new stake in Zurn Elkay Water Solutions during the fourth quarter valued at $56,000. Tortoise Investment Management LLC raised its holdings in shares of Zurn Elkay Water Solutions by 77.4% during the fourth quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock worth $65,000 after purchasing an additional 755 shares during the period. Finally, Caisse Des Depots ET Consignations bought a new position in shares of Zurn Elkay Water Solutions in the 4th quarter worth about $82,000. 83.33% of the stock is currently owned by institutional investors.

Insider Activity

In other Zurn Elkay Water Solutions news, major shareholder Aimee Katz sold 8,912,500 shares of the company's stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $33.60, for a total value of $299,460,000.00. Following the transaction, the insider now owns 15,002,819 shares of the company's stock, valued at approximately $504,094,718.40. This represents a 37.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David J. Pauli sold 8,390 shares of the firm's 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 sale, 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. Insiders own 2.60% of the company's stock.

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Analyst Upgrades and Downgrades

ZWS has been the subject of a number of recent research reports. BNP Paribas downgraded shares of Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 price objective for the company. in a research report on Wednesday. Stifel Nicolaus upped their target price on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a "hold" rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group cut their price target 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. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $36.43.

Zurn Elkay Water Solutions Price Performance

ZWS traded up $0.21 on Friday, reaching $29.40. The company had a trading volume of 1,270,145 shares, compared to its average volume of 1,112,756. The company has a market capitalization of $4.96 billion, a P/E ratio of 31.95, a PEG ratio of 2.01 and a beta of 1.08. The company has a current ratio of 2.91, a quick ratio of 1.81 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average of $33.82 and a 200-day moving average of $36.57. Zurn Elkay Water Solutions Co. has a one year low of $27.74 and a one year high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. As a group, equities research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Thursday, February 20th. Zurn Elkay Water Solutions's dividend payout ratio is presently 39.13%.

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.