Natixis Advisors LLC Boosts Stock Holdings in Zurn Elkay Water Solutions Cor (NYSE:ZWS)

Natixis Advisors LLC increased its position in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 18.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,144 shares of the company’s stock after purchasing an additional 3,877 shares during the period. Natixis Advisors LLC’s holdings in Zurn Elkay Water Solutions Cor were worth $829,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its holdings in Zurn Elkay Water Solutions Cor by 3,687.2% in the first quarter. Federated Hermes Inc. now owns 1,780 shares of the company’s stock valued at $59,000 after buying an additional 1,733 shares in the last quarter. LPL Financial LLC increased its holdings in Zurn Elkay Water Solutions Cor by 2.2% in the first quarter. LPL Financial LLC now owns 98,183 shares of the company’s stock valued at $3,238,000 after buying an additional 2,103 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Zurn Elkay Water Solutions Cor by 4.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 69,824 shares of the company’s stock valued at $2,303,000 after buying an additional 3,024 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Zurn Elkay Water Solutions Cor by 9.7% in the first quarter. Pacer Advisors Inc. now owns 6,907 shares of the company’s stock valued at $228,000 after buying an additional 613 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Zurn Elkay Water Solutions Cor in the first quarter valued at about $537,000. 83.33% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Sudhanshu Chhabra sold 108,930 shares of the firm’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $43.61, for a total value of $4,750,437.30. Following the transaction, the vice president owned 94,330 shares of the company’s stock, valued at approximately $4,113,731.30. This trade represents a 53.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Timothy J. Jahnke sold 20,000 shares of the firm’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $43.73, for a total transaction of $874,600.00. Following the completion of the transaction, the director directly owned 180,000 shares in the company, valued at approximately $7,871,400. This represents a 10.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 141,779 shares of company stock valued at $6,157,792 over the last quarter. Company insiders own 2.60% of the company’s stock.

Zurn Elkay Water Solutions Cor Stock Down 1.0%

Shares of NYSE ZWS opened at $44.11 on Monday. Zurn Elkay Water Solutions Cor has a 1 year low of $27.74 and a 1 year high of $45.00. The firm’s 50 day moving average price is $37.98 and its 200 day moving average price is $35.72. The firm has a market cap of $7.39 billion, a P/E ratio of 43.68, a price-to-earnings-growth ratio of 2.37 and a beta of 1.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.71.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $444.50 million for the quarter, compared to the consensus estimate of $424.55 million. Zurn Elkay Water Solutions Cor had a net margin of 10.78% and a return on equity of 15.23%. Zurn Elkay Water Solutions Cor’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. As a group, sell-side analysts anticipate that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Cor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, August 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is currently 35.64%.

Analyst Upgrades and Downgrades

ZWS has been the subject of a number of research analyst reports. Mizuho set a $36.00 target price on shares of Zurn Elkay Water Solutions Cor in a report on Friday, May 16th. Stifel Nicolaus increased their price target on shares of Zurn Elkay Water Solutions Cor from $43.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, Robert W. Baird lowered their price target on shares of Zurn Elkay Water Solutions Cor from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $38.00.

About Zurn Elkay Water Solutions Cor

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.