Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 464,637 shares of the company's stock after buying an additional 28,528 shares during the quarter. 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 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Zurn Elkay Water Solutions by 85.7% in the 3rd quarter. Barclays PLC now owns 304,731 shares of the company's stock valued at $10,952,000 after purchasing an additional 140,624 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Zurn Elkay Water Solutions by 986.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 26,237 shares of the company's stock valued at $979,000 after purchasing an additional 23,823 shares during the last quarter. KBC Group NV lifted its stake in shares of Zurn Elkay Water Solutions by 53.9% in the 4th quarter. KBC Group NV now owns 6,122 shares of the company's stock valued at $228,000 after purchasing an additional 2,144 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Zurn Elkay Water Solutions by 78.6% in the 4th quarter. Pacer Advisors Inc. now owns 6,294 shares of the company's stock valued at $235,000 after purchasing an additional 2,769 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its stake in shares of Zurn Elkay Water Solutions by 3.2% in the 4th quarter. DAVENPORT & Co LLC now owns 8,559 shares of the company's stock valued at $319,000 after purchasing an additional 269 shares during the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Sudhanshu Chhabra sold 25,921 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $37.19, for a total transaction of $964,001.99. Following the transaction, the vice president now owns 94,132 shares in the company, valued at $3,500,769.08. This trade represents a 21.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David J. Pauli sold 2,706 shares of the firm's 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. This represents a 4.26% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.60% of the company's stock.

Zurn Elkay Water Solutions Stock Down 0.8%

NYSE ZWS traded down $0.29 during trading hours on Friday, hitting $36.20. 822,897 shares of the company were exchanged, compared to its average volume of 1,124,905. The company has a 50 day moving average of $33.39 and a two-hundred day moving average of $35.97. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Co. has a 52-week low of $27.74 and a 52-week high of $41.15. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 2.01 and a beta of 1.02.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. The business 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 business posted $0.29 EPS. Equities research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.99%. Zurn Elkay Water Solutions's payout ratio is currently 36.36%.

Wall Street Analysts Forecast Growth

ZWS has been the topic of several recent analyst reports. BNP Paribas lowered Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 price target on the stock. in a research note on Wednesday, April 9th. Stifel Nicolaus increased their target price on Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. The Goldman Sachs Group decreased their target price on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Mizuho set a $36.00 target price on Zurn Elkay Water Solutions in a research note on Friday, May 16th. Finally, Robert W. Baird cut their price target on Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $36.29.

Zurn Elkay Water Solutions 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.