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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,293,655 shares of the company's stock after buying 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 reporting period.

Other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its stake in shares of Zurn Elkay Water Solutions by 85.7% during the 3rd quarter. Barclays PLC now owns 304,731 shares of the company's stock worth $10,952,000 after purchasing an additional 140,624 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Zurn Elkay Water Solutions by 138.4% in the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company's stock valued at $35,000 after purchasing an additional 544 shares during the period. Tsfg LLC acquired a new position in shares of Zurn Elkay Water Solutions in the fourth quarter valued at about $56,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of Zurn Elkay Water Solutions in the fourth quarter valued at about $247,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Zurn Elkay Water Solutions during the fourth quarter worth about $556,000. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Zurn Elkay Water Solutions Stock Performance

Shares of ZWS stock traded up $0.61 during trading hours on Friday, reaching $37.61. 704,835 shares of the company's stock were exchanged, compared to its average volume of 1,130,136. The company has a market cap of $6.33 billion, a P/E ratio of 40.88, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02. The company's 50 day moving average is $32.83 and its two-hundred day moving average is $36.10. 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 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 quarterly earnings results on Tuesday, April 22nd. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.02. The business had revenue of $388.80 million for the quarter, compared to analysts' expectations of $383.87 million. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. During the same quarter in the prior year, the firm posted $0.29 EPS. Equities research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.96%. 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 Transactions at Zurn Elkay Water Solutions

In related news, CFO David J. Pauli sold 2,706 shares of the 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 transaction, the chief financial officer now directly owns 60,772 shares of the company's stock, valued at approximately $2,255,248.92. This trade represents a 4.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Sudhanshu Chhabra sold 25,921 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were 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 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. Insiders own 2.60% of the company's stock.

Wall Street Analysts Forecast Growth

ZWS has been the topic of several analyst reports. 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 report on Thursday, April 24th. BNP Paribas lowered Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and set a $29.00 price target on the stock. in a research note on Wednesday, April 9th. The Goldman Sachs Group reduced their price objective on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, Robert W. Baird reduced their price objective on Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $36.43.

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.