Vestmark Advisory Solutions Inc. Makes New $3.13 Million Investment in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Vestmark Advisory Solutions Inc. purchased a new position in Zurn Elkay Water Solutions Co. (NYSE:ZWS) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 106,441 shares of the company’s stock, valued at approximately $3,130,000.

A number of other hedge funds also recently modified their holdings of the business. Benjamin Edwards Inc. bought a new stake in Zurn Elkay Water Solutions during the 4th quarter worth approximately $42,000. Global Retirement Partners LLC lifted its position in shares of Zurn Elkay Water Solutions by 85.4% in the fourth quarter. Global Retirement Partners LLC now owns 3,294 shares of the company’s stock worth $93,000 after purchasing an additional 1,517 shares in the last quarter. Arlington Trust Co LLC acquired a new position in shares of Zurn Elkay Water Solutions during the 4th quarter worth about $125,000. Nisa Investment Advisors LLC increased its position in shares of Zurn Elkay Water Solutions by 16.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the company’s stock worth $203,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Teza Capital Management LLC acquired a new position in Zurn Elkay Water Solutions during the third quarter worth $207,000. Institutional investors and hedge funds own 83.33% of the company’s stock.

Insider Activity

In other Zurn Elkay Water Solutions news, insider Michael Troutman sold 897 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $30.70, for a total transaction of $27,537.90. Following the completion of the sale, the insider now directly owns 43,026 shares in the company, valued at $1,320,898.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Zurn Elkay Water Solutions news, CEO Todd A. Adams sold 129,604 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $33.06, for a total value of $4,284,708.24. Following the sale, the chief executive officer now owns 1,828,550 shares in the company, valued at $60,451,863. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael Troutman sold 897 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $30.70, for a total transaction of $27,537.90. Following the transaction, the insider now owns 43,026 shares of the company’s stock, valued at $1,320,898.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 741,506 shares of company stock worth $23,964,936. 3.80% of the stock is currently owned by corporate insiders.

Zurn Elkay Water Solutions Stock Performance

Shares of ZWS traded up $0.01 during mid-day trading on Friday, hitting $31.64. 615,725 shares of the company’s stock were exchanged, compared to its average volume of 991,257. The company has a quick ratio of 1.95, a current ratio of 3.31 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Co. has a 52 week low of $20.70 and a 52 week high of $34.58. The stock’s 50-day simple moving average is $31.98 and its 200-day simple moving average is $30.19. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 44.56, a price-to-earnings-growth ratio of 1.65 and a beta of 1.21.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $374.00 million for the quarter, compared to analyst estimates of $369.43 million. Zurn Elkay Water Solutions had a return on equity of 11.85% and a net margin of 8.11%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. On average, equities research analysts expect that Zurn Elkay Water Solutions Co. will post 1.18 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 20th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, May 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.01%. Zurn Elkay Water Solutions’s payout ratio is 45.07%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Oppenheimer lifted their price target on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. BNP Paribas started coverage on Zurn Elkay Water Solutions in a report on Tuesday, March 12th. They set an “outperform” rating and a $40.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their price target on Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Mizuho lowered shares of Zurn Elkay Water Solutions from a “buy” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a research report on Friday, February 9th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.50.

Zurn Elkay Water Solutions 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.