Campbell & CO Investment Adviser LLC Has $1.43 Million Stake in Zurn Elkay Water Solutions Cor $ZWS

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its stake in Zurn Elkay Water Solutions Cor by 266.7% to approximately $1.43 million during the first quarter.
• Zurn Elkay reported a quarterly earnings per share (EPS) of $0.42, exceeding analyst expectations, with a year-over-year revenue increase of 7.9%.
• The company declared a $0.09 quarterly dividend, reflecting an annualized dividend yield of 0.8% and a payout ratio of 35.64%.

Campbell & CO Investment Adviser LLC raised its position in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) by 266.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,196 shares of the company's stock after acquiring an additional 31,415 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Zurn Elkay Water Solutions Cor were worth $1,425,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ZWS. Vanguard Group Inc. lifted its stake in shares of Zurn Elkay Water Solutions Cor by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 15,860,934 shares of the company's stock valued at $523,094,000 after purchasing an additional 371,635 shares during the period. Invesco Ltd. grew its stake in shares of Zurn Elkay Water Solutions Cor by 1.9% in the 1st quarter. Invesco Ltd. now owns 5,991,234 shares of the company's stock valued at $197,591,000 after buying an additional 110,932 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Zurn Elkay Water Solutions Cor by 6.5% during the fourth quarter. Janus Henderson Group PLC now owns 4,006,596 shares of the company's stock valued at $149,444,000 after acquiring an additional 245,258 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Zurn Elkay Water Solutions Cor by 8.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,155,734 shares of the company's stock valued at $80,411,000 after purchasing an additional 164,332 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Zurn Elkay Water Solutions Cor by 6.4% during the fourth quarter. Northern Trust Corp now owns 1,873,521 shares of the company's stock worth $69,882,000 after acquiring an additional 112,050 shares in the last quarter. 83.33% of the stock is owned by institutional investors.

Zurn Elkay Water Solutions Cor Price Performance

Zurn Elkay Water Solutions Cor stock opened at $45.8330 on Tuesday. The firm has a market capitalization of $7.68 billion, a P/E ratio of 45.38, a PEG ratio of 2.48 and a beta of 1.03. Zurn Elkay Water Solutions Cor has a one year low of $27.74 and a one year high of $46.37. 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 business has a fifty day moving average price of $39.98 and a 200-day moving average price of $36.20.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.06. Zurn Elkay Water Solutions Cor had a return on equity of 15.23% and a net margin of 10.78%.The business had revenue of $444.50 million for the quarter, compared to analysts' expectations of $424.55 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The firm's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Wednesday, August 20th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 20th. Zurn Elkay Water Solutions Cor's dividend payout ratio is presently 35.64%.

Insider Buying and Selling

In other Zurn Elkay Water Solutions Cor news, VP Sudhanshu Chhabra sold 108,930 shares of the stock in a transaction that occurred 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 sale, the vice president directly owned 94,330 shares in the company, valued at $4,113,731.30. This represents a 53.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Timothy J. Jahnke sold 20,000 shares of the business'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 transaction, the director owned 180,000 shares of the company's stock, valued at $7,871,400. This trade represents a 10.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,930 shares of company stock valued at $6,501,529 over the last 90 days. 2.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ZWS has been the subject of several 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 boosted their target price on Zurn Elkay Water Solutions Cor from $43.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Zurn Elkay Water Solutions Cor has an average rating of "Hold" and a consensus price target of $38.00.

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.

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