Gotham Asset Management LLC Sells 19,764 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Gotham Asset Management LLC cut its stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 46.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,948 shares of the company's stock after selling 19,764 shares during the period. Gotham Asset Management LLC's holdings in Zurn Elkay Water Solutions were worth $856,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Graham Capital Management L.P. lifted its position in shares of Zurn Elkay Water Solutions by 66.1% in the 4th quarter. Graham Capital Management L.P. now owns 36,850 shares of the company's stock valued at $1,375,000 after acquiring an additional 14,671 shares in the last quarter. FORA Capital LLC purchased a new stake in shares of Zurn Elkay Water Solutions in the 4th quarter valued at approximately $251,000. Deutsche Bank AG lifted its position in shares of Zurn Elkay Water Solutions by 11.4% in the 4th quarter. Deutsche Bank AG now owns 165,150 shares of the company's stock valued at $6,160,000 after acquiring an additional 16,892 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Zurn Elkay Water Solutions by 43.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 82,750 shares of the company's stock worth $3,087,000 after buying an additional 25,000 shares in the last quarter. Finally, Crestline Management LP purchased a new stake in Zurn Elkay Water Solutions in the 4th quarter worth approximately $243,000. 83.33% of the stock is currently owned by institutional investors.

Zurn Elkay Water Solutions Price Performance

Shares of Zurn Elkay Water Solutions stock traded down $0.20 during trading on Friday, hitting $35.55. 601,925 shares of the company's stock traded hands, compared to its average volume of 1,128,084. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. The firm's fifty day moving average price is $33.16 and its 200 day moving average price is $36.08. Zurn Elkay Water Solutions Co. has a twelve month low of $27.74 and a twelve month high of $41.15. The company has a market cap of $5.98 billion, a PE ratio of 38.64, a PEG ratio of 2.01 and a beta of 1.02.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $388.80 million during the quarter, compared to the consensus estimate of $383.87 million. During the same period last year, the firm posted $0.29 EPS. Analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently declared 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. This represents a $0.36 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Tuesday, May 20th. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is presently 36.36%.

Insider Buying and Selling

In related news, CFO David J. Pauli sold 2,706 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $37.11, for a total transaction of $100,419.66. Following the completion of the transaction, the chief financial officer now owns 60,772 shares in the company, valued at approximately $2,255,248.92. This represents a 4.26% 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, VP Sudhanshu Chhabra sold 25,921 shares of the company's stock in a transaction 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 sale, the vice president now directly owns 94,132 shares in the company, valued at $3,500,769.08. This trade represents a 21.59% 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 corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ZWS. Robert W. Baird cut their target price on shares of Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. BNP Paribas downgraded shares of Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 price target on the stock. in a report on Wednesday, April 9th. The Goldman Sachs Group cut their price target 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. Mizuho set a $36.00 target price on shares of Zurn Elkay Water Solutions in a research note on Friday, May 16th. Finally, Stifel Nicolaus raised 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 research note on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Zurn Elkay Water Solutions currently has a consensus rating of "Hold" and an average 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.