Deutsche Bank AG Has $5.02 Million Stock Holdings in Zurn Elkay Water Solutions Cor $ZWS

Deutsche Bank AG decreased its holdings in Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) by 7.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 152,291 shares of the company's stock after selling 12,859 shares during the period. Deutsche Bank AG owned approximately 0.09% of Zurn Elkay Water Solutions Cor worth $5,023,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Zurn Elkay Water Solutions Cor by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 15,860,934 shares of the company's stock worth $523,094,000 after acquiring an additional 371,635 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Zurn Elkay Water Solutions Cor by 0.7% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,563,362 shares of the company's stock valued at $505,913,000 after buying an additional 91,758 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Zurn Elkay Water Solutions Cor by 6.5% during the 4th quarter. Janus Henderson Group PLC now owns 4,006,596 shares of the company's stock valued at $149,444,000 after purchasing an additional 245,258 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Zurn Elkay Water Solutions Cor by 184.0% during the 4th quarter. First Trust Advisors LP now owns 3,556,599 shares of the company's stock valued at $132,661,000 after purchasing an additional 2,304,285 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of 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. Institutional investors own 83.33% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Zurn Elkay Water Solutions Cor from $43.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Mizuho set a $36.00 price target on Zurn Elkay Water Solutions Cor in a research report on Friday, May 16th. Finally, Robert W. Baird decreased their price target on Zurn Elkay Water Solutions Cor from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $38.00.

Zurn Elkay Water Solutions Cor Price Performance

Zurn Elkay Water Solutions Cor stock opened at $44.66 on Monday. Zurn Elkay Water Solutions Cor has a one year low of $27.74 and a one year high of $45.90. The business has a fifty day moving average price of $38.87 and a 200-day moving average price of $35.93. 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 firm has a market capitalization of $7.48 billion, a P/E ratio of 44.22, a PEG ratio of 2.40 and a beta of 1.03.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.42 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 firm had revenue of $444.50 million during the quarter, compared to analyst estimates of $424.55 million. During the same period last year, the company earned $0.33 earnings per share. The business's revenue for the quarter 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.09 per share. The ex-dividend date 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 presently 35.64%.

Insider Transactions at Zurn Elkay Water Solutions Cor

In other Zurn Elkay Water Solutions Cor news, Director Timothy J. Jahnke sold 9,857 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $45.06, for a total transaction of $444,156.42. Following the sale, the director owned 328,964 shares in the company, valued at $14,823,117.84. This trade represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Sudhanshu Chhabra sold 108,930 shares of the firm's stock in a transaction dated 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 owned 94,330 shares in the company, valued at $4,113,731.30. The trade was a 53.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 148,930 shares of company stock worth $6,501,529 in the last 90 days. Company insiders own 2.60% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.