Zurn Elkay Water Solutions Cor (NYSE:ZWS) Shares Sold by KBC Group NV

KBC Group NV lowered its position in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 10.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,511 shares of the company’s stock after selling 611 shares during the quarter. KBC Group NV’s holdings in Zurn Elkay Water Solutions Cor were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Atala Financial Inc purchased a new stake in shares of Zurn Elkay Water Solutions Cor in the fourth quarter valued at about $44,000. Tortoise Investment Management LLC increased its position in Zurn Elkay Water Solutions Cor 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 acquiring an additional 755 shares during the period. Caisse Des Depots ET Consignations purchased a new stake in Zurn Elkay Water Solutions Cor during the 4th quarter valued at approximately $82,000. Central Pacific Bank Trust Division lifted its position in Zurn Elkay Water Solutions Cor by 31.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 4,400 shares of the company’s stock worth $145,000 after acquiring an additional 1,040 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Zurn Elkay Water Solutions Cor by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,984 shares of the company’s stock valued at $205,000 after purchasing an additional 344 shares during the last quarter. 83.33% of the stock is owned by institutional investors and hedge funds.

Zurn Elkay Water Solutions Cor Stock Performance

NYSE:ZWS opened at $37.56 on Monday. Zurn Elkay Water Solutions Cor has a fifty-two week low of $27.74 and a fifty-two week high of $41.15. The firm’s 50 day moving average is $36.04 and its two-hundred day moving average is $35.34. The company has a market cap of $6.32 billion, a P/E ratio of 37.94, a P/E/G ratio of 2.33 and a beta of 0.99. The company has a quick ratio of 1.72, a current ratio of 2.87 and a debt-to-equity ratio of 0.32.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last issued its 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. Zurn Elkay Water Solutions Cor had a return on equity of 14.43% and a net margin of 10.72%. The business had revenue of $388.80 million during the quarter, compared to analysts’ expectations of $383.87 million. During the same quarter in the previous year, the business earned $0.29 EPS. Analysts expect that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Cor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.96%. Zurn Elkay Water Solutions Cor’s payout ratio is currently 36.36%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ZWS. Stifel Nicolaus raised their target price on shares of Zurn Elkay Water Solutions Cor from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Mizuho set a $36.00 price target on shares of Zurn Elkay Water Solutions Cor in a report on Friday, May 16th. Robert W. Baird lowered their price objective on Zurn Elkay Water Solutions Cor from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group dropped their target price on Zurn Elkay Water Solutions Cor from $39.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Finally, BNP Paribas cut Zurn Elkay Water Solutions Cor from an “outperform” rating to a “neutral” rating and set a $29.00 price target for the company. in a report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Zurn Elkay Water Solutions Cor has an average rating of “Hold” and an average price target of $36.29.

Insider Buying and Selling at Zurn Elkay Water Solutions Cor

In other Zurn Elkay Water Solutions Cor news, CFO David J. Pauli sold 2,706 shares of Zurn Elkay Water Solutions Cor stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $37.11, for a total transaction of $100,419.66. Following the sale, the chief financial officer directly owned 60,772 shares in the company, valued at $2,255,248.92. The trade was a 4.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sudhanshu Chhabra sold 25,921 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $37.19, for a total transaction of $964,001.99. Following the transaction, the vice president directly owned 94,132 shares in the company, valued at $3,500,769.08. The trade was a 21.59% decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

Zurn Elkay Water Solutions Cor 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.