UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $17.33 Million Stock Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 464,637 shares of the company's stock after buying an additional 28,528 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of Zurn Elkay Water Solutions worth $17,331,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. First Trust Advisors LP boosted its position in Zurn Elkay Water Solutions by 184.0% during the 4th quarter. First Trust Advisors LP now owns 3,556,599 shares of the company's stock worth $132,661,000 after acquiring an additional 2,304,285 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Zurn Elkay Water Solutions in the fourth quarter valued at approximately $80,457,000. Norges Bank acquired a new stake in shares of Zurn Elkay Water Solutions during the 4th quarter worth $61,412,000. Invesco Ltd. increased its holdings in Zurn Elkay Water Solutions by 26.8% in the 4th quarter. Invesco Ltd. now owns 5,880,302 shares of the company's stock valued at $219,335,000 after buying an additional 1,242,642 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Zurn Elkay Water Solutions by 58.6% during the fourth quarter. Ameriprise Financial Inc. now owns 985,576 shares of the company's stock worth $36,762,000 after purchasing an additional 364,142 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company's stock.

Insider Activity at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, VP Sudhanshu Chhabra sold 25,921 shares of Zurn Elkay Water Solutions stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 94,132 shares in the company, valued at approximately $3,500,769.08. The trade was a 21.59% decrease in their ownership of the stock. The sale 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 stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $37.11, for a total value of $100,419.66. Following the transaction, the chief financial officer now owns 60,772 shares in the company, 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 corporate insiders.

Zurn Elkay Water Solutions Trading Down 1.4%

Zurn Elkay Water Solutions stock traded down $0.49 during mid-day trading on Monday, hitting $35.70. 398,665 shares of the stock were exchanged, compared to its average volume of 1,122,955. The stock has a market capitalization of $6.01 billion, a price-to-earnings ratio of 38.80, a PEG ratio of 2.01 and a beta of 1.02. Zurn Elkay Water Solutions Co. has a 12 month low of $27.74 and a 12 month high of $41.15. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. The firm's fifty day simple moving average is $33.43 and its two-hundred day simple moving average is $35.90.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. The business had revenue of $388.80 million during the quarter, compared to the consensus estimate of $383.87 million. During the same quarter last year, the firm earned $0.29 earnings per share. Analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 20th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.36 annualized dividend and a dividend yield of 1.01%. Zurn Elkay Water Solutions's payout ratio is 36.36%.

Wall Street Analysts Forecast Growth

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

Zurn Elkay Water Solutions 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.