Universal Beteiligungs und Servicegesellschaft mbH Invests $2.30 Million in Zurn Elkay Water Solutions Cor (NYSE:ZWS)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 69,629 shares of the company's stock, valued at approximately $2,296,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. HM Payson & Co. bought a new position in shares of Zurn Elkay Water Solutions Cor in the first quarter worth approximately $37,000. Archer Investment Corp bought a new position in shares of Zurn Elkay Water Solutions Cor in the first quarter worth about $99,000. Central Pacific Bank Trust Division boosted its stake in shares of Zurn Elkay Water Solutions Cor by 31.0% in the first quarter. Central Pacific Bank Trust Division now owns 4,400 shares of the company's stock worth $145,000 after acquiring an additional 1,040 shares during the period. Shelton Capital Management bought a new position in shares of Zurn Elkay Water Solutions Cor in the fourth quarter worth about $209,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of Zurn Elkay Water Solutions Cor in the fourth quarter worth about $221,000. Hedge funds and other institutional investors own 83.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ZWS. Stifel Nicolaus upped their price objective on Zurn Elkay Water Solutions Cor from $43.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday. BNP Paribas lowered Zurn Elkay Water Solutions Cor from an "outperform" rating to a "neutral" rating and set a $29.00 price target for the company. in a research note on Wednesday, April 9th. Robert W. Baird dropped their price target on Zurn Elkay Water Solutions Cor from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Finally, Mizuho set a $36.00 price target on Zurn Elkay Water Solutions Cor in a research note on Friday, May 16th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $37.86.

Zurn Elkay Water Solutions Cor Stock Up 1.4%

Shares of NYSE:ZWS traded up $0.62 on Friday, reaching $44.87. The company had a trading volume of 2,710,488 shares, compared to its average volume of 1,164,150. The firm's 50 day simple moving average is $37.00 and its 200-day simple moving average is $35.50. The company has a current ratio of 2.71, a quick ratio of 1.72 and a debt-to-equity ratio of 0.32. Zurn Elkay Water Solutions Cor has a 52-week low of $27.74 and a 52-week high of $44.98. The firm has a market capitalization of $7.52 billion, a PE ratio of 31.83, a PEG ratio of 2.68 and a beta of 1.03.

Zurn Elkay Water Solutions Cor (NYSE:ZWS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The business had revenue of $444.50 million for the quarter, compared to analyst estimates of $424.55 million. Zurn Elkay Water Solutions Cor had a net margin of 10.78% and a return on equity of 15.23%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share. As a group, 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Wednesday, August 20th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, August 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.8%. Zurn Elkay Water Solutions Cor's dividend payout ratio (DPR) is 35.64%.

Insider Buying and Selling

In related news, Director Timothy J. Jahnke sold 20,000 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $43.73, for a total value of $874,600.00. Following the completion of the transaction, the director owned 180,000 shares in the company, valued at $7,871,400. This trade represents a 10.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David J. Pauli sold 2,706 shares of the firm's stock in a transaction 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 completion of the transaction, the chief financial officer owned 60,772 shares of the company's stock, valued at $2,255,248.92. This trade represents a 4.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 167,557 shares of company stock worth $7,115,359 in the last 90 days. Insiders own 2.60% of the company's stock.

Zurn Elkay Water Solutions Cor 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.