Zurn Elkay Water Solutions Cor $ZWS Shares Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC boosted its stake in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 46.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,314 shares of the company’s stock after buying an additional 20,118 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Zurn Elkay Water Solutions Cor were worth $2,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Zurn Elkay Water Solutions Cor by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 15,860,934 shares of the company’s stock worth $523,094,000 after acquiring an additional 371,635 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Zurn Elkay Water Solutions Cor by 0.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,605,639 shares of the company’s stock worth $448,714,000 after purchasing an additional 42,277 shares in the last quarter. Invesco Ltd. grew its holdings in Zurn Elkay Water Solutions Cor by 1.9% in the first quarter. Invesco Ltd. now owns 5,991,234 shares of the company’s stock valued at $197,591,000 after purchasing an additional 110,932 shares during the last quarter. Beck Mack & Oliver LLC increased its position in shares of Zurn Elkay Water Solutions Cor by 2.5% in the first quarter. Beck Mack & Oliver LLC now owns 3,572,869 shares of the company’s stock valued at $117,833,000 after buying an additional 87,303 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Zurn Elkay Water Solutions Cor by 74.1% in the first quarter. Ameriprise Financial Inc. now owns 1,715,496 shares of the company’s stock valued at $56,577,000 after buying an additional 729,920 shares in the last quarter. 83.33% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Stifel Nicolaus increased their price objective on shares of Zurn Elkay Water Solutions Cor from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Oppenheimer set a $53.00 price target on shares of Zurn Elkay Water Solutions Cor and gave the company an “outperform” rating in a research report on Friday, October 31st. Mizuho set a $49.00 price objective on shares of Zurn Elkay Water Solutions Cor in a research note on Thursday, October 30th. Zacks Research lowered Zurn Elkay Water Solutions Cor from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Zurn Elkay Water Solutions Cor presently has an average rating of “Hold” and a consensus target price of $42.83.

Insider Transactions at Zurn Elkay Water Solutions Cor

In related news, Director Timothy J. Jahnke sold 2,100 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $50.00, for a total value of $105,000.00. Following the completion of the sale, the director directly owned 306,864 shares in the company, valued at approximately $15,343,200. The trade was a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 31,957 shares of company stock valued at $1,500,135 in the last ninety days. 2.60% of the stock is currently owned by insiders.

Zurn Elkay Water Solutions Cor Price Performance

ZWS stock opened at $47.42 on Monday. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 42.34, a price-to-earnings-growth ratio of 2.57 and a beta of 1.12. The company has a quick ratio of 1.72, a current ratio of 2.78 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Cor has a 52-week low of $27.74 and a 52-week high of $50.03. The stock’s fifty day simple moving average is $46.65 and its 200-day simple moving average is $41.37.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last released its earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. Zurn Elkay Water Solutions Cor had a return on equity of 16.26% and a net margin of 11.59%.The firm had revenue of $455.40 million for the quarter, compared to the consensus estimate of $442.62 million. During the same period in the prior year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts expect that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Cor Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Thursday, November 20th will be given a $0.11 dividend. This is a boost from Zurn Elkay Water Solutions Cor’s previous quarterly dividend of $0.09. This represents a $0.44 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, November 20th. Zurn Elkay Water Solutions Cor’s dividend payout ratio is 39.29%.

Zurn Elkay Water Solutions Cor 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.