Impax Asset Management Group plc Has $132.46 Million Stake in Zurn Elkay Water Solutions Cor (NYSE:ZWS)

Impax Asset Management Group plc trimmed its stake in Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) by 1.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,016,374 shares of the company's stock after selling 75,336 shares during the period. Impax Asset Management Group plc owned 2.38% of Zurn Elkay Water Solutions Cor worth $132,460,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Atala Financial Inc acquired a new stake in Zurn Elkay Water Solutions Cor in the 4th quarter valued at approximately $44,000. Tortoise Investment Management LLC grew its holdings in Zurn Elkay Water Solutions Cor 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. Caisse Des Depots ET Consignations acquired a new stake in Zurn Elkay Water Solutions Cor in the 4th quarter valued at approximately $82,000. Central Pacific Bank Trust Division grew its holdings in Zurn Elkay Water Solutions Cor by 31.0% in the 1st quarter. Central Pacific Bank Trust Division now owns 4,400 shares of the company's stock valued at $145,000 after buying an additional 1,040 shares during the last quarter. Finally, Carret Asset Management LLC acquired a new stake in Zurn Elkay Water Solutions Cor in the 4th quarter valued at approximately $205,000. 83.33% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Zurn Elkay Water Solutions Cor news, VP Sudhanshu Chhabra sold 25,921 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $37.19, for a total value of $964,001.99. Following the sale, the vice president owned 94,132 shares of the company's stock, valued at approximately $3,500,769.08. This trade represents a 21.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David J. Pauli sold 2,706 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were 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 directly owned 60,772 shares in the company, valued at approximately $2,255,248.92. This represents a 4.26% decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Zurn Elkay Water Solutions Cor Stock Up 1.1%

Shares of ZWS stock traded up $0.41 on Tuesday, hitting $37.44. 649,876 shares of the stock were exchanged, compared to its average volume of 1,086,986. The company has a current ratio of 2.87, a quick ratio of 1.72 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $6.30 billion, a P/E ratio of 37.82, a price-to-earnings-growth ratio of 2.30 and a beta of 0.99. The business has a 50-day moving average of $36.17 and a 200 day moving average of $35.36. Zurn Elkay Water Solutions Cor has a fifty-two week low of $27.74 and a fifty-two week high of $41.15.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. The firm had revenue of $388.80 million for the quarter, compared to analyst estimates of $383.87 million. Zurn Elkay Water Solutions Cor had a return on equity of 14.43% and a net margin of 10.72%. During the same quarter in the prior year, the company earned $0.29 earnings per share. Equities analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were paid a dividend of $0.09 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.96%. Zurn Elkay Water Solutions Cor's dividend payout ratio (DPR) is currently 36.36%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Mizuho set a $36.00 price objective on Zurn Elkay Water Solutions Cor in a report on Friday, May 16th. BNP Paribas lowered Zurn Elkay Water Solutions Cor from an "outperform" rating to a "neutral" rating and set a $29.00 price objective on the stock. in a report on Wednesday, April 9th. Robert W. Baird decreased their price objective on Zurn Elkay Water Solutions Cor from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus lifted their price objective on Zurn Elkay Water Solutions Cor from $34.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, The Goldman Sachs Group decreased their price objective on Zurn Elkay Water Solutions Cor from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $36.29.

Zurn Elkay Water Solutions Cor Company 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.