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

Impax Asset Management Group plc lowered its position in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) by 1.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund 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 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Atala Financial Inc acquired a new position in shares of Zurn Elkay Water Solutions Cor during the fourth quarter valued at approximately $44,000. Tortoise Investment Management LLC boosted its stake in Zurn Elkay Water Solutions Cor by 77.4% during the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock valued at $65,000 after purchasing an additional 755 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new position in shares of Zurn Elkay Water Solutions Cor during the 4th quarter valued at $82,000. Central Pacific Bank Trust Division raised its stake in shares of 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 worth $145,000 after buying an additional 1,040 shares in the last quarter. Finally, Carret Asset Management LLC bought a new stake in shares of Zurn Elkay Water Solutions Cor in the 4th quarter worth $205,000. Institutional investors own 83.33% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ZWS shares. Robert W. Baird cut their price target on shares of Zurn Elkay Water Solutions Cor from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group reduced their price target on shares of Zurn Elkay Water Solutions Cor from $39.00 to $34.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Stifel Nicolaus lifted their price objective on shares of Zurn Elkay Water Solutions Cor from $34.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Mizuho set a $36.00 target price on shares of Zurn Elkay Water Solutions Cor in a research note on Friday, May 16th. Finally, BNP Paribas cut Zurn Elkay Water Solutions Cor from an "outperform" rating to a "neutral" rating and set a $29.00 target price for the company. in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $36.29.

Insider Transactions at Zurn Elkay Water Solutions Cor

In other news, VP Sudhanshu Chhabra sold 25,921 shares of Zurn Elkay Water Solutions Cor stock in a transaction that occurred 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 transaction, the vice president owned 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $100,419.66. Following the completion of the sale, the chief financial officer owned 60,772 shares of the company's stock, valued at $2,255,248.92. The trade was a 4.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Zurn Elkay Water Solutions Cor Stock Up 0.1%

Zurn Elkay Water Solutions Cor stock traded up $0.02 during trading hours on Friday, hitting $37.56. The company had a trading volume of 376,089 shares, compared to its average volume of 1,089,706. The firm has a market capitalization of $6.32 billion, a P/E ratio of 37.94, a price-to-earnings-growth ratio of 2.33 and a beta of 0.99. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.87 and a quick ratio of 1.72. The firm's fifty day moving average is $36.04 and its 200-day moving average is $35.37. 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 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. Zurn Elkay Water Solutions Cor had a return on equity of 14.43% and a net margin of 10.72%. The firm had revenue of $388.80 million for the quarter, compared to the consensus estimate of $383.87 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. On average, research analysts forecast that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Cor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 20th were given a $0.09 dividend. The ex-dividend date of this dividend 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 is currently 36.36%.

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.