Lbp Am Sa Buys 3,568 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Lbp Am Sa increased its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 1.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 246,557 shares of the company’s stock after buying an additional 3,568 shares during the period. Lbp Am Sa’s holdings in Zurn Elkay Water Solutions were worth $9,197,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Impact Capital Partners LLC bought a new position in shares of Zurn Elkay Water Solutions during the fourth quarter valued at approximately $650,000. Wintrust Investments LLC boosted its stake in shares of Zurn Elkay Water Solutions by 94.0% during the fourth quarter. Wintrust Investments LLC now owns 25,331 shares of the company’s stock valued at $944,000 after purchasing an additional 12,276 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Zurn Elkay Water Solutions by 9.2% during the fourth quarter. HighTower Advisors LLC now owns 8,834 shares of the company’s stock valued at $329,000 after purchasing an additional 742 shares in the last quarter. King Luther Capital Management Corp boosted its stake in shares of Zurn Elkay Water Solutions by 0.3% during the fourth quarter. King Luther Capital Management Corp now owns 169,490 shares of the company’s stock valued at $6,322,000 after purchasing an additional 531 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its stake 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 valued at $65,000 after purchasing an additional 755 shares in the last quarter. 83.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus increased their price objective on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $38.40.

Insiders Place Their Bets

In other Zurn Elkay Water Solutions news, major shareholder Aimee Katz sold 8,912,500 shares of the firm’s stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $33.60, for a total value of $299,460,000.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David J. Pauli sold 8,390 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $35.47, for a total transaction of $297,593.30. Following the completion of the transaction, the chief financial officer now directly owns 59,410 shares of the company’s stock, valued at approximately $2,107,272.70. This represents a 12.37 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Price Performance

Shares of ZWS opened at $33.22 on Friday. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. Zurn Elkay Water Solutions Co. has a twelve month low of $28.25 and a twelve month high of $41.15. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average of $36.56 and a two-hundred day moving average of $36.69.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. As a group, analysts predict that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.08%. Zurn Elkay Water Solutions’s dividend payout ratio is currently 39.13%.

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.