6,558 Shares in Zurn Elkay Water Solutions Cor $ZWS Bought by Trexquant Investment LP

Key Points

• Trexquant Investment LP has invested approximately $216,000 in Zurn Elkay Water Solutions Cor by acquiring 6,558 shares of the company's stock in the first quarter.
• Wall Street analysts are optimistic about Zurn Elkay Water Solutions Cor, with Stifel Nicolaus raising their price target from $43.00 to $50.00 and a current consensus target price of $38.00.
• The company recently reported a quarterly earnings per share (EPS) of $0.42, exceeding analysts' expectations of $0.36, highlighting a 7.9% increase in revenue year-over-year.

Trexquant Investment LP purchased a new position in Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,558 shares of the company's stock, valued at approximately $216,000.

A number of other institutional investors have also recently made changes to their positions in the business. Truvestments Capital LLC purchased a new position in shares of Zurn Elkay Water Solutions Cor during the first quarter worth approximately $638,000. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Zurn Elkay Water Solutions Cor by 0.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,605,639 shares of the company's stock worth $448,714,000 after purchasing an additional 42,277 shares in the last quarter. Mirova acquired a new stake in shares of Zurn Elkay Water Solutions Cor in the 1st quarter worth $1,600,000. Campbell & CO Investment Adviser LLC lifted its stake in shares of Zurn Elkay Water Solutions Cor by 266.7% during the first quarter. Campbell & CO Investment Adviser LLC now owns 43,196 shares of the company's stock worth $1,425,000 after buying an additional 31,415 shares during the period. Finally, Jump Financial LLC lifted its stake in shares of Zurn Elkay Water Solutions Cor by 51.1% during the first quarter. Jump Financial LLC now owns 30,752 shares of the company's stock worth $1,014,000 after buying an additional 10,403 shares during the period. Institutional investors own 83.33% of the company's stock.

Insider Activity at Zurn Elkay Water Solutions Cor

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 of the company's stock, valued at approximately $4,113,731.30. This represents a 53.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Timothy J. Jahnke sold 17,844 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $47.55, for a total transaction of $848,482.20. Following the completion of the sale, the director directly owned 311,120 shares in the company, valued at approximately $14,793,756. This represents a 5.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 166,774 shares of company stock worth $7,350,011. 2.60% of the stock is owned by insiders.

Zurn Elkay Water Solutions Cor Trading Down 0.2%

Shares of ZWS stock traded down $0.11 during trading hours on Tuesday, hitting $47.24. The company had a trading volume of 1,218,891 shares, compared to its average volume of 931,402. Zurn Elkay Water Solutions Cor has a fifty-two week low of $27.74 and a fifty-two week high of $47.71. The company's fifty day moving average is $43.05 and its 200 day moving average is $37.36. The stock has a market capitalization of $7.92 billion, a PE ratio of 46.77, a price-to-earnings-growth ratio of 2.54 and a beta of 1.07. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.71 and a quick ratio of 1.72.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. Zurn Elkay Water Solutions Cor had a net margin of 10.78% and a return on equity of 15.23%. The firm had revenue of $444.50 million for the quarter, compared to the consensus estimate of $424.55 million. During the same period in the prior year, the firm earned $0.33 EPS. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts expect that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Cor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Wednesday, August 20th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 20th. Zurn Elkay Water Solutions Cor's dividend payout ratio is presently 35.64%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lifted their price objective on shares of Zurn Elkay Water Solutions Cor from $50.00 to $53.00 and gave the stock a "buy" rating in a research note on Friday. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $38.50.

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.