Wrapmanager Inc. Sells 3,498 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Wrapmanager Inc. reduced its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 21.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,442 shares of the company’s stock after selling 3,498 shares during the quarter. Wrapmanager Inc.’s holdings in Zurn Elkay Water Solutions were worth $366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ZWS. Fiera Capital Corp increased its holdings in shares of Zurn Elkay Water Solutions by 0.7% in the third quarter. Fiera Capital Corp now owns 119,908 shares of the company’s stock worth $3,360,000 after acquiring an additional 781 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Zurn Elkay Water Solutions by 1.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 79,339 shares of the company’s stock worth $2,223,000 after buying an additional 982 shares during the period. Nisa Investment Advisors LLC lifted its stake in Zurn Elkay Water Solutions by 16.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the company’s stock valued at $203,000 after buying an additional 1,000 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Zurn Elkay Water Solutions by 5.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 19,750 shares of the company’s stock valued at $553,000 after buying an additional 1,032 shares during the period. Finally, Amalgamated Bank increased its position in shares of Zurn Elkay Water Solutions by 7.9% during the third quarter. Amalgamated Bank now owns 16,227 shares of the company’s stock worth $455,000 after acquiring an additional 1,187 shares in the last quarter. 83.33% of the stock is owned by institutional investors.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other news, VP Sudhanshu Chhabra sold 4,231 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $31.29, for a total transaction of $132,387.99. Following the completion of the sale, the vice president now owns 80,594 shares in the company, valued at approximately $2,521,786.26. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Sudhanshu Chhabra sold 4,231 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $31.29, for a total transaction of $132,387.99. Following the completion of the sale, the vice president now directly owns 80,594 shares of the company’s stock, valued at approximately $2,521,786.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Jeffrey A. Schoon sold 1,039 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $31.29, for a total value of $32,510.31. Following the completion of the sale, the president now owns 16,395 shares of the company’s stock, valued at $512,999.55. The disclosure for this sale can be found here. Insiders have sold a total of 522,397 shares of company stock worth $16,722,922 over the last ninety days. Insiders own 3.00% of the company’s stock.

Zurn Elkay Water Solutions Stock Up 0.8 %

Shares of NYSE ZWS traded up $0.27 during trading hours on Thursday, hitting $32.39. The company had a trading volume of 564,189 shares, compared to its average volume of 966,942. The company has a quick ratio of 1.95, a current ratio of 3.31 and a debt-to-equity ratio of 0.31. The firm’s 50 day moving average is $32.02 and its 200-day moving average is $30.35. Zurn Elkay Water Solutions Co. has a 1-year low of $20.70 and a 1-year high of $34.58. The stock has a market capitalization of $5.59 billion, a P/E ratio of 45.62, a price-to-earnings-growth ratio of 1.65 and a beta of 1.21.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. Zurn Elkay Water Solutions had a return on equity of 11.85% and a net margin of 8.11%. The firm had revenue of $374.00 million for the quarter, compared to analyst estimates of $369.43 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. On average, analysts expect that Zurn Elkay Water Solutions Co. will post 1.18 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 20th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.32 dividend on an annualized basis and a yield of 0.99%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is 45.07%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ZWS shares. Oppenheimer upped their target price on shares of Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. BNP Paribas began coverage on Zurn Elkay Water Solutions in a research report on Tuesday, March 12th. They issued an “outperform” rating and a $40.00 target price on the stock. Mizuho downgraded Zurn Elkay Water Solutions from a “buy” rating to a “neutral” rating and set a $34.00 price target for the company. in a research report on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $33.50.

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.