Aquatic Capital Management LLC Buys New Stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Aquatic Capital Management LLC bought a new position in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,595 shares of the company's stock, valued at approximately $656,000.

A number of other institutional investors have also recently modified their holdings of the stock. Barclays PLC grew its position in Zurn Elkay Water Solutions by 85.7% during the 3rd quarter. Barclays PLC now owns 304,731 shares of the company's stock valued at $10,952,000 after purchasing an additional 140,624 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Zurn Elkay Water Solutions during the third quarter valued at approximately $234,000. Principal Financial Group Inc. increased its position in shares of Zurn Elkay Water Solutions by 49.6% during the third quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company's stock valued at $94,161,000 after acquiring an additional 868,748 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Zurn Elkay Water Solutions by 25.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,615,944 shares of the company's stock worth $58,077,000 after acquiring an additional 329,563 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Zurn Elkay Water Solutions by 138.4% in the 4th quarter. GAMMA Investing LLC now owns 937 shares of the company's stock valued at $35,000 after acquiring an additional 544 shares in the last quarter. 83.33% of the stock is owned by hedge funds and other institutional investors.

Zurn Elkay Water Solutions Stock Performance

Shares of ZWS traded down $0.15 on Monday, reaching $34.82. The company's stock had a trading volume of 575,663 shares, compared to its average volume of 1,123,208. The stock's 50 day simple moving average is $32.56 and its two-hundred day simple moving average is $36.13. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. The stock has a market capitalization of $5.86 billion, a P/E ratio of 37.85, a PEG ratio of 2.01 and a beta of 1.02. Zurn Elkay Water Solutions Co. has a 12-month low of $27.74 and a 12-month high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. The firm had revenue of $388.80 million during the quarter, compared to the consensus estimate of $383.87 million. During the same quarter in the previous year, the firm posted $0.29 EPS. Research analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 20th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.03%. The ex-dividend date is Tuesday, May 20th. Zurn Elkay Water Solutions's dividend payout ratio is 36.36%.

Insiders Place Their Bets

In other Zurn Elkay Water Solutions news, major shareholder Aimee Katz sold 8,912,500 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $33.60, for a total transaction of $299,460,000.00. Following the sale, the insider now directly owns 15,002,819 shares of the company's stock, valued at $504,094,718.40. This trade represents a 37.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David J. Pauli sold 8,390 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $35.47, for a total value of $297,593.30. Following the completion of the transaction, the chief financial officer now directly owns 59,410 shares of the company's stock, valued at approximately $2,107,272.70. This trade represents a 12.37 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ZWS has been the subject of several recent analyst reports. Robert W. Baird decreased their price target on Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus upped their target price on shares of Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. The Goldman Sachs Group reduced their price target on shares of Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, BNP Paribas downgraded shares of Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 price objective on the stock. in a research report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $36.43.

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.