BNP Paribas Financial Markets Purchases New Shares in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

BNP Paribas Financial Markets bought a new stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 131,454 shares of the company's stock, valued at approximately $4,903,000. BNP Paribas Financial Markets owned about 0.08% of Zurn Elkay Water Solutions as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised 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 buying an additional 544 shares during the last quarter. Atala Financial Inc acquired a new stake in Zurn Elkay Water Solutions in the 4th quarter valued at approximately $44,000. Tsfg LLC acquired a new stake in Zurn Elkay Water Solutions in the 4th quarter valued at approximately $56,000. Tortoise Investment Management LLC raised its position in Zurn Elkay Water Solutions 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 buying an additional 755 shares during the last quarter. Finally, Caisse Des Depots ET Consignations acquired a new stake in Zurn Elkay Water Solutions in the 4th quarter valued at approximately $82,000. Institutional investors and hedge funds own 83.33% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ZWS. Stifel Nicolaus lifted their target price on Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Mizuho set a $36.00 price target on Zurn Elkay Water Solutions in a research note on Friday. The Goldman Sachs Group decreased their price target on 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. BNP Paribas downgraded Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 price target for the company. in a research note on Wednesday, April 9th. Finally, 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Zurn Elkay Water Solutions currently has an average rating of "Hold" and an average target price of $36.29.

Insider Transactions at Zurn Elkay Water Solutions

In related news, CFO David J. Pauli sold 2,706 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $37.11, for a total value of $100,419.66. Following the completion of the sale, the chief financial officer now directly owns 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 SEC, which is available through the SEC website. Also, VP Sudhanshu Chhabra sold 25,921 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $37.19, for a total value of $964,001.99. Following the completion of the sale, the vice president now owns 94,132 shares of the company's stock, valued at $3,500,769.08. This trade represents a 21.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

Zurn Elkay Water Solutions Stock Down 0.5%

ZWS stock traded down $0.17 during mid-day trading on Monday, reaching $37.37. The company had a trading volume of 436,954 shares, compared to its average volume of 1,130,294. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. Zurn Elkay Water Solutions Co. has a 52 week low of $27.74 and a 52 week high of $41.15. The stock has a 50 day simple moving average of $32.92 and a two-hundred day simple moving average of $36.11. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 40.62, a PEG ratio of 2.01 and a beta of 1.02.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. The company had revenue of $388.80 million during the quarter, compared to the consensus estimate of $383.87 million. During the same period in the previous year, the company posted $0.29 EPS. As a group, equities analysts predict 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 firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.96%. Zurn Elkay Water Solutions's dividend payout ratio is currently 36.36%.

About Zurn Elkay Water Solutions

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.