Visionary Wealth Advisors Has $1.14 Million Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Visionary Wealth Advisors lessened its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 17.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,626 shares of the company's stock after selling 6,700 shares during the period. Visionary Wealth Advisors' holdings in Zurn Elkay Water Solutions were worth $1,142,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Teza Capital Management LLC acquired a new position in shares of Zurn Elkay Water Solutions during the fourth quarter worth $704,000. Man Group plc lifted its holdings in shares of Zurn Elkay Water Solutions by 53.9% during the fourth quarter. Man Group plc now owns 68,559 shares of the company's stock worth $2,557,000 after purchasing an additional 24,008 shares during the period. Nuveen Asset Management LLC lifted its holdings in Zurn Elkay Water Solutions by 0.4% in the fourth quarter. Nuveen Asset Management LLC now owns 549,989 shares of the company's stock valued at $20,515,000 after buying an additional 2,101 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Zurn Elkay Water Solutions by 5.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,293,655 shares of the company's stock valued at $48,253,000 after buying an additional 70,349 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in Zurn Elkay Water Solutions by 6.5% in the fourth quarter. Janus Henderson Group PLC now owns 4,006,596 shares of the company's stock valued at $149,444,000 after buying an additional 245,258 shares during the period. Institutional investors and hedge funds own 83.33% of the company's stock.

Insider Transactions at Zurn Elkay Water Solutions

In other news, VP Sudhanshu Chhabra sold 25,921 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $37.19, for a total transaction of $964,001.99. Following the completion of the sale, the vice president now directly owns 94,132 shares of the company's stock, valued at $3,500,769.08. The trade was a 21.59% decrease in their ownership of the stock. The transaction 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 company's stock in a transaction dated 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 now directly owns 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 currently owned by insiders.

Zurn Elkay Water Solutions Trading Down 0.5%

ZWS opened at $37.37 on Tuesday. Zurn Elkay Water Solutions Co. has a 1-year low of $27.74 and a 1-year high of $41.15. The company has a current ratio of 2.91, a quick ratio of 1.81 and a debt-to-equity ratio of 0.31. The company has a market cap of $6.29 billion, a P/E ratio of 40.62, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02. The company has a fifty day moving average price of $32.92 and a two-hundred day moving average price of $36.11.

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

Zurn Elkay Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Tuesday, May 20th. Zurn Elkay Water Solutions's payout ratio is presently 36.36%.

Analyst Ratings Changes

Several equities analysts recently issued reports on ZWS shares. The Goldman Sachs Group dropped 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 report on Wednesday, April 2nd. BNP Paribas lowered shares of Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 target price on the stock. in a report on Wednesday, April 9th. Robert W. Baird dropped their target price on shares of 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. Stifel Nicolaus boosted their target price on shares of Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Mizuho set a $36.00 target price on shares of Zurn Elkay Water Solutions in a report on Friday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $36.29.

About Zurn Elkay Water Solutions

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.

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