Intech Investment Management LLC Raises Stock Holdings in Zurn Elkay Water Solutions Cor $ZWS

Intech Investment Management LLC lifted its holdings in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 36.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,842 shares of the company’s stock after buying an additional 19,959 shares during the quarter. Intech Investment Management LLC’s holdings in Zurn Elkay Water Solutions Cor were worth $2,468,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ZWS. Captrust Financial Advisors raised its holdings in shares of Zurn Elkay Water Solutions Cor by 11.8% in the fourth quarter. Captrust Financial Advisors now owns 8,755 shares of the company’s stock worth $327,000 after buying an additional 923 shares during the period. Cetera Investment Advisers increased its holdings in Zurn Elkay Water Solutions Cor by 9.0% during the 4th quarter. Cetera Investment Advisers now owns 20,550 shares of the company’s stock worth $767,000 after purchasing an additional 1,704 shares during the period. Nuveen Asset Management LLC increased its holdings in Zurn Elkay Water Solutions Cor by 0.4% during the 4th quarter. Nuveen Asset Management LLC now owns 549,989 shares of the company’s stock worth $20,515,000 after purchasing an additional 2,101 shares during the period. Man Group plc increased its holdings in Zurn Elkay Water Solutions Cor by 53.9% during the 4th quarter. Man Group plc now owns 68,559 shares of the company’s stock worth $2,557,000 after purchasing an additional 24,008 shares during the period. Finally, Teza Capital Management LLC purchased a new position in Zurn Elkay Water Solutions Cor during the 4th quarter worth $704,000. 83.33% of the stock is currently 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 stock was sold at an average price of $43.61, for a total value of $4,750,437.30. Following the completion of the sale, the vice president owned 94,330 shares of the company’s stock, valued at $4,113,731.30. This trade represents a 53.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy J. Jahnke sold 17,844 shares of Zurn Elkay Water Solutions Cor stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $47.55, for a total value of $848,482.20. Following the sale, the director directly owned 311,120 shares of the company’s stock, valued at approximately $14,793,756. This represents a 5.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 166,774 shares of company stock valued at $7,350,011 in the last three months. Insiders own 2.60% of the company’s stock.

Zurn Elkay Water Solutions Cor Stock Up 1.4%

Zurn Elkay Water Solutions Cor stock opened at $47.32 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.71 and a quick ratio of 1.72. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 46.85, a PEG ratio of 2.50 and a beta of 1.07. Zurn Elkay Water Solutions Cor has a 1-year low of $27.74 and a 1-year high of $47.71. The business has a fifty day moving average price of $42.85 and a 200-day moving average price of $37.29.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last posted its quarterly earnings data 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 firm had revenue of $444.50 million during the quarter, compared to analysts’ expectations of $424.55 million. Zurn Elkay Water Solutions Cor had a return on equity of 15.23% and a net margin of 10.78%.The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. Equities research analysts forecast that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Cor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Wednesday, August 20th were given a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, August 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. Zurn Elkay Water Solutions Cor’s dividend payout ratio (DPR) is presently 35.64%.

Analyst Ratings Changes

Separately, Stifel Nicolaus raised their price objective on Zurn Elkay Water Solutions Cor from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $38.50.

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.