Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS - Free Report) by 0.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,605,639 shares of the company's stock after acquiring an additional 42,277 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 8.09% of Zurn Elkay Water Solutions Cor worth $448,714,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. Mirova purchased a new position in shares of Zurn Elkay Water Solutions Cor during the first quarter valued at approximately $1,600,000. Campbell & CO Investment Adviser LLC boosted its position in shares of Zurn Elkay Water Solutions Cor by 266.7% in the first quarter. Campbell & CO Investment Adviser LLC now owns 43,196 shares of the company's stock worth $1,425,000 after purchasing an additional 31,415 shares during the period. Jump Financial LLC boosted its position in shares of Zurn Elkay Water Solutions Cor by 51.1% in the first quarter. Jump Financial LLC now owns 30,752 shares of the company's stock worth $1,014,000 after purchasing an additional 10,403 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Zurn Elkay Water Solutions Cor by 74.1% during the first quarter. Ameriprise Financial Inc. now owns 1,715,496 shares of the company's stock worth $56,577,000 after acquiring an additional 729,920 shares during the last quarter. Finally, CW Advisors LLC bought a new position in shares of Zurn Elkay Water Solutions Cor during the first quarter worth $1,416,000. 83.33% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Zurn Elkay Water Solutions Cor
In related news, Director Timothy J. Jahnke sold 20,000 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $43.73, for a total value of $874,600.00. Following the completion of the transaction, the director directly owned 180,000 shares of the company's stock, valued at $7,871,400. This trade represents a 10.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Sudhanshu Chhabra sold 108,930 shares of the stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $43.61, for a total transaction of $4,750,437.30. Following the completion of the transaction, the vice president directly owned 94,330 shares of the company's stock, valued at $4,113,731.30. The trade was a 53.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 148,930 shares of company stock valued at $6,501,529 over the last ninety days. 2.60% of the stock is currently owned by insiders.
Zurn Elkay Water Solutions Cor Stock Down 1.5%
Shares of NYSE:ZWS traded down $0.69 during trading on Thursday, reaching $45.87. The stock had a trading volume of 800,995 shares, compared to its average volume of 994,176. Zurn Elkay Water Solutions Cor has a one year low of $27.74 and a one year high of $46.60. The company has a market capitalization of $7.68 billion, a P/E ratio of 45.41, a PEG ratio of 2.47 and a beta of 1.03. The company has a current ratio of 2.71, a quick ratio of 1.72 and a debt-to-equity ratio of 0.32. The firm's 50-day simple moving average is $40.42 and its 200 day simple moving average is $36.34.
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 for the quarter, beating analysts' consensus estimates of $0.36 by $0.06. Zurn Elkay Water Solutions Cor had a net margin of 10.78% and a return on equity of 15.23%. The business had revenue of $444.50 million for the quarter, compared to analysts' expectations of $424.55 million. During the same period last year, the business earned $0.33 EPS. The company's revenue was up 7.9% compared to the same quarter last year. As a group, research analysts expect that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current fiscal year.
Zurn Elkay Water Solutions Cor Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Wednesday, August 20th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, August 20th. Zurn Elkay Water Solutions Cor's dividend payout ratio (DPR) is currently 35.64%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on ZWS. Stifel Nicolaus upped their target price on shares of Zurn Elkay Water Solutions Cor from $43.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Mizuho set a $36.00 target price on shares of Zurn Elkay Water Solutions Cor in a research note on Friday, May 16th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Zurn Elkay Water Solutions Cor presently has an average rating of "Hold" and an average price target of $38.00.
Read Our Latest Stock Report on ZWS
About Zurn Elkay Water Solutions Cor
(
Free Report)
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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