DekaBank Deutsche Girozentrale Has $29.80 Million Stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

DekaBank Deutsche Girozentrale lowered its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,014,000 shares of the company's stock after selling 66,000 shares during the period. DekaBank Deutsche Girozentrale owned 0.59% of Zurn Elkay Water Solutions worth $29,796,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its holdings in shares of Zurn Elkay Water Solutions by 1,087.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,354 shares of the company's stock valued at $28,000 after purchasing an additional 1,240 shares during the period. IFP Advisors Inc grew its position in Zurn Elkay Water Solutions by 50.0% in the 2nd quarter. IFP Advisors Inc now owns 1,500 shares of the company's stock valued at $40,000 after buying an additional 500 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Zurn Elkay Water Solutions in the 1st quarter valued at $64,000. Global Retirement Partners LLC raised its position in Zurn Elkay Water Solutions by 85.4% during the 4th quarter. Global Retirement Partners LLC now owns 3,294 shares of the company's stock worth $93,000 after buying an additional 1,517 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its stake in shares of Zurn Elkay Water Solutions by 30.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 4,127 shares of the company's stock worth $88,000 after acquiring an additional 963 shares during the period. 83.33% of the stock is owned by hedge funds and other institutional investors.

Zurn Elkay Water Solutions Trading Down 0.5 %

Shares of NYSE:ZWS traded down $0.16 during midday trading on Monday, reaching $32.00. The company's stock had a trading volume of 650,550 shares, compared to its average volume of 975,437. The business has a 50 day moving average price of $31.80 and a 200 day moving average price of $29.59. Zurn Elkay Water Solutions Co. has a 1 year low of $20.03 and a 1 year high of $34.58. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 49.26, a price-to-earnings-growth ratio of 1.79 and a beta of 1.22. The company has a quick ratio of 1.77, a current ratio of 3.02 and a debt-to-equity ratio of 0.31.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.03. The company had revenue of $356.80 million for the quarter, compared to the consensus estimate of $350.55 million. Zurn Elkay Water Solutions had a net margin of 7.36% and a return on equity of 10.75%. Zurn Elkay Water Solutions's revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share. Research analysts forecast that Zurn Elkay Water Solutions Co. will post 1.15 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Tuesday, February 20th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, February 16th. Zurn Elkay Water Solutions's dividend payout ratio is presently 49.23%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ZWS. BNP Paribas started coverage on Zurn Elkay Water Solutions in a report on Tuesday, March 12th. They issued an "outperform" rating and a $40.00 price target for the company. Mizuho lowered shares of Zurn Elkay Water Solutions from a "buy" rating to a "neutral" rating and set a $34.00 target price on the stock. in a research report on Friday, February 9th. Stifel Nicolaus cut shares of Zurn Elkay Water Solutions from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research note on Tuesday, December 19th. Finally, KeyCorp cut shares of Zurn Elkay Water Solutions from an "overweight" rating to a "sector weight" rating in a research note on Wednesday, December 13th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Zurn Elkay Water Solutions has a consensus rating of "Hold" and an average target price of $32.25.

Insider Activity at Zurn Elkay Water Solutions

In other news, Director Timothy J. Jahnke sold 30,000 shares of the company's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $33.09, for a total value of $992,700.00. Following the completion of the sale, the director now owns 589,275 shares of the company's stock, valued at $19,499,109.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Timothy J. Jahnke sold 30,000 shares of the firm's stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $33.09, for a total transaction of $992,700.00. Following the completion of the sale, the director now directly owns 589,275 shares in the company, valued at $19,499,109.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Troutman sold 897 shares of the business's stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $30.70, for a total value of $27,537.90. Following the completion of the transaction, the insider now owns 43,026 shares in the company, valued at approximately $1,320,898.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 243,243 shares of company stock worth $8,004,982. 3.80% of the stock is currently owned by corporate 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.