Stifel Financial Corp Sells 14,416 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Stifel Financial Corp reduced its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 511,294 shares of the company's stock after selling 14,416 shares during the quarter. Stifel Financial Corp owned 0.30% of Zurn Elkay Water Solutions worth $19,071,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ZWS. GAMMA Investing LLC grew its holdings in Zurn Elkay Water Solutions by 138.4% during the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company's stock worth $35,000 after acquiring an additional 544 shares during the period. Atala Financial Inc bought a new stake in shares of Zurn Elkay Water Solutions during the 4th quarter worth $44,000. Tsfg LLC acquired a new position in shares of Zurn Elkay Water Solutions in the 4th quarter worth $56,000. Tortoise Investment Management LLC raised its position in shares of Zurn Elkay Water Solutions by 77.4% during the fourth quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company's stock worth $65,000 after purchasing an additional 755 shares during the period. Finally, Caisse Des Depots ET Consignations purchased a new stake in shares of Zurn Elkay Water Solutions during the fourth quarter valued at $82,000. Institutional investors own 83.33% of the company's stock.

Insiders Place Their Bets

In other Zurn Elkay Water Solutions news, CFO David J. Pauli sold 8,390 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $35.47, for a total value of $297,593.30. Following the sale, the chief financial officer now owns 59,410 shares of the company's stock, valued at $2,107,272.70. This trade represents a 12.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Aimee Katz sold 8,912,500 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $33.60, for a total value of $299,460,000.00. Following the transaction, the insider now owns 15,002,819 shares of the company's stock, valued at approximately $504,094,718.40. This trade represents a 37.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.60% of the company's stock.

Zurn Elkay Water Solutions Stock Up 0.6 %

Shares of Zurn Elkay Water Solutions stock traded up $0.22 during midday trading on Thursday, reaching $34.18. 170,628 shares of the company's stock traded hands, compared to its average volume of 1,089,154. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.81 and a current ratio of 2.91. Zurn Elkay Water Solutions Co. has a 52 week low of $27.74 and a 52 week high of $41.15. The company's 50 day simple moving average is $32.57 and its 200 day simple moving average is $36.17. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 37.15, a price-to-earnings-growth ratio of 2.01 and a beta of 1.08.

Zurn Elkay Water Solutions (NYSE:ZWS - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.02. The company had revenue of $388.80 million for the quarter, compared to analyst estimates 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 period last year, the company earned $0.29 earnings per share. Equities analysts expect that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ZWS has been the topic of a number of analyst reports. Robert W. Baird dropped their price target on Zurn Elkay Water Solutions from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. BNP Paribas lowered 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 target price on shares of Zurn Elkay Water Solutions from $39.00 to $34.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Finally, Stifel Nicolaus lifted their target price on 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $36.43.

About Zurn Elkay Water Solutions

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.