MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,293,655 shares of the company's stock after acquiring an additional 70,349 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.76% of Zurn Elkay Water Solutions worth $48,253,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. First Trust Advisors LP raised its holdings in shares of Zurn Elkay Water Solutions by 184.0% during the fourth quarter. First Trust Advisors LP now owns 3,556,599 shares of the company's stock valued at $132,661,000 after purchasing an additional 2,304,285 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Zurn Elkay Water Solutions in the 4th quarter worth approximately $80,457,000. Norges Bank bought a new stake in Zurn Elkay Water Solutions in the 4th quarter worth approximately $61,412,000. Invesco Ltd. raised its stake in Zurn Elkay Water Solutions by 26.8% during the 4th quarter. Invesco Ltd. now owns 5,880,302 shares of the company's stock valued at $219,335,000 after buying an additional 1,242,642 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Zurn Elkay Water Solutions by 58.6% during the 4th quarter. Ameriprise Financial Inc. now owns 985,576 shares of the company's stock valued at $36,762,000 after buying an additional 364,142 shares during the period. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ZWS. Mizuho set a $36.00 price objective on Zurn Elkay Water Solutions in a research report on Friday. Stifel Nicolaus raised their target price on Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Robert W. Baird cut their price target on Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. BNP Paribas cut shares of Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 price objective on the stock. in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group dropped their price objective 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. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Zurn Elkay Water Solutions currently has an average rating of "Hold" and a consensus target price of $36.29.

Zurn Elkay Water Solutions Stock Performance

Shares of NYSE:ZWS traded down $0.24 during mid-day trading on Monday, reaching $37.30. 66,681 shares of the company traded hands, compared to its average volume of 1,046,721. 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 $6.28 billion, a PE ratio of 40.54, a PEG ratio of 2.01 and a beta of 1.02. The company's 50 day moving average price is $32.83 and its 200-day moving average price is $36.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $388.80 million for the quarter, compared to analysts' expectations of $383.87 million. During the same quarter in the previous year, the company earned $0.29 EPS. On average, equities analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, May 20th. Zurn Elkay Water Solutions's dividend payout ratio (DPR) is 36.36%.

Insider Buying and Selling

In other Zurn Elkay Water Solutions news, CFO David J. Pauli sold 2,706 shares of Zurn Elkay Water Solutions 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 sale, the chief financial officer now owns 60,772 shares of the company's stock, valued at $2,255,248.92. The trade was a 4.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Sudhanshu Chhabra sold 25,921 shares of Zurn Elkay Water Solutions stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $37.19, for a total value of $964,001.99. Following the completion of the transaction, the vice president now owns 94,132 shares of the company's stock, valued at approximately $3,500,769.08. This represents a 21.59% decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

Zurn Elkay Water Solutions Company 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.