O Shaughnessy Asset Management LLC Buys 11,428 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

O Shaughnessy Asset Management LLC lifted its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 180.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 17,777 shares of the company's stock after buying an additional 11,428 shares during the period. O Shaughnessy Asset Management LLC's holdings in Zurn Elkay Water Solutions were worth $663,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ZWS. GAMMA Investing LLC increased its holdings 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 buying an additional 544 shares during the last quarter. Atala Financial Inc acquired a new stake in Zurn Elkay Water Solutions during the fourth quarter worth about $44,000. Tsfg LLC purchased a new position in shares of Zurn Elkay Water Solutions in the 4th quarter worth about $56,000. Tortoise Investment Management LLC lifted its stake in shares of Zurn Elkay Water Solutions by 77.4% in the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock valued at $65,000 after purchasing an additional 755 shares in the last quarter. Finally, Caisse Des Depots ET Consignations purchased a new stake in shares of Zurn Elkay Water Solutions during the 4th quarter worth about $82,000. Institutional investors and hedge funds own 83.33% of the company's stock.

Wall Street Analysts Forecast Growth

ZWS has been the subject of several recent research reports. The Goldman Sachs Group dropped their price objective on shares of Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Stifel Nicolaus lifted their price objective on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Finally, BNP Paribas downgraded 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. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $36.43.

Remove Ads

Insider Buying and Selling at Zurn Elkay Water Solutions

In other news, CFO David J. Pauli sold 8,390 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $35.47, for a total transaction of $297,593.30. Following the sale, the chief financial officer now owns 59,410 shares in the company, valued at $2,107,272.70. This represents a 12.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Aimee Katz sold 8,912,500 shares of the stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $33.60, for a total value of $299,460,000.00. Following the completion of the sale, the insider now owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. This trade represents a 37.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

Zurn Elkay Water Solutions Stock Up 1.2 %

Shares of NYSE:ZWS traded up $0.35 on Monday, reaching $29.76. The company had a trading volume of 27,216 shares, compared to its average volume of 1,040,329. Zurn Elkay Water Solutions Co. has a twelve month low of $27.74 and a twelve month high of $41.15. The stock has a market capitalization of $5.02 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.01 and a beta of 1.08. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $33.82 and a 200 day moving average price of $36.58.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. On average, equities analysts expect that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were given a dividend of $0.09 per share. The ex-dividend date was Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a yield of 1.21%. Zurn Elkay Water Solutions's payout ratio is presently 39.13%.

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.