Stock Traders Buy High Volume of Xylem Put Options (XYL)
Xylem Inc (NYSE:XYL) was the target of some unusual options trading on Thursday. Investors acquired 1,040 put options on the stock. This is an increase of 1,693% compared to the typical volume of 58 put options.
Xylem stock opened at $65.69 on Friday. Xylem has a one year low of $63.71 and a one year high of $82.44. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.49 and a quick ratio of 1.07. The firm has a market capitalization of $12.23 billion, a PE ratio of 27.37, a P/E/G ratio of 1.31 and a beta of 1.28.
Xylem (NYSE:XYL) last posted its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.77 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.77. Xylem had a return on equity of 19.54% and a net margin of 7.75%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts anticipate that Xylem will post 2.89 EPS for the current fiscal year.
Several equities analysts have weighed in on the company. Berenberg Bank assumed coverage on Xylem in a report on Wednesday, October 3rd. They set a “sell” rating and a $65.00 price objective for the company. Vertical Research lowered Xylem from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Raymond James assumed coverage on Xylem in a report on Wednesday, September 5th. They set an “outperform” rating and a $90.00 price objective for the company. Boenning Scattergood reissued a “buy” rating and set a $82.00 price objective on shares of Xylem in a report on Monday, November 19th. Finally, ValuEngine raised Xylem from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Xylem has an average rating of “Buy” and a consensus target price of $79.00.
In other Xylem news, insider Colin R. Sabol sold 17,161 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $81.37, for a total transaction of $1,396,390.57. Following the completion of the transaction, the insider now directly owns 41,988 shares of the company’s stock, valued at $3,416,563.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul A. Stellato sold 1,500 shares of the stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $82.00, for a total value of $123,000.00. Following the transaction, the insider now directly owns 12,796 shares of the company’s stock, valued at $1,049,272. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,661 shares of company stock valued at $1,755,281. 0.81% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of XYL. Piedmont Investment Advisors LLC bought a new position in shares of Xylem in the second quarter worth $139,000. Raymond James Financial Services Advisors Inc. raised its position in shares of Xylem by 14.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,634 shares of the industrial products company’s stock worth $649,000 after buying an additional 1,217 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Xylem by 5.9% in the second quarter. Commonwealth Equity Services LLC now owns 33,669 shares of the industrial products company’s stock worth $2,269,000 after buying an additional 1,888 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Xylem by 11.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 608,018 shares of the industrial products company’s stock worth $40,968,000 after buying an additional 60,738 shares in the last quarter. Finally, Comerica Bank raised its position in shares of Xylem by 46.5% in the second quarter. Comerica Bank now owns 65,631 shares of the industrial products company’s stock worth $4,450,000 after buying an additional 20,843 shares in the last quarter. 84.10% of the stock is owned by hedge funds and other institutional investors.
Xylem Inc engages in the design, manufacture, and service of engineered solutions for the water and wastewater applications. It operates through three segments: Water Infrastructure, Applied Water, and Measurement and Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps, and controls and systems, as well as filtration, disinfection, and biological treatment equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation, treatment, and testing of water and wastewater applications.
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