Ice Mountain Llc Sells 687 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) Stock

Zurn Elkay Water Solutions Co. (NYSE:ZWS) major shareholder Ice Mountain Llc sold 687 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $31.25, for a total transaction of $21,468.75. Following the transaction, the insider now owns 23,874,164 shares in the company, valued at approximately $746,067,625. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Ice Mountain Llc also recently made the following trade(s):

• On Friday, May 24th, Ice Mountain Llc sold 46,380 shares of Zurn Elkay Water Solutions stock. The stock was sold at an average price of $32.00, for a total transaction of $1,484,160.00.
• On Wednesday, May 22nd, Ice Mountain Llc sold 48,388 shares of Zurn Elkay Water Solutions stock. The stock was sold at an average price of $32.97, for a total transaction of $1,595,352.36.
• On Monday, April 22nd, Ice Mountain Llc sold 249,582 shares of Zurn Elkay Water Solutions stock. The stock was sold at an average price of $32.04, for a total transaction of $7,996,607.28.
• On Friday, April 19th, Ice Mountain Llc sold 43,690 shares of Zurn Elkay Water Solutions stock. The stock was sold at an average price of $31.93, for a total transaction of $1,395,021.70.
• On Monday, April 15th, Ice Mountain Llc sold 103,768 shares of Zurn Elkay Water Solutions stock. The stock was sold at an average price of $31.96, for a total transaction of $3,316,425.28.
• On Thursday, April 11th, Ice Mountain Llc sold 1,223 shares of Zurn Elkay Water Solutions stock. The stock was sold at an average price of $32.20, for a total transaction of $39,380.60.
• On Monday, April 8th, Ice Mountain Llc sold 49,828 shares of Zurn Elkay Water Solutions stock. The stock was sold at an average price of $32.07, for a total transaction of $1,597,983.96.
• On Friday, April 5th, Ice Mountain Llc sold 50,172 shares of Zurn Elkay Water Solutions stock. The stock was sold at an average price of $32.18, for a total transaction of $1,614,534.96.

Zurn Elkay Water Solutions Price Performance

Shares of NYSE:ZWS opened at $30.40 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 3.31 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $5.25 billion, a PE ratio of 42.82, a P/E/G ratio of 1.60 and a beta of 1.19. Zurn Elkay Water Solutions Co. has a twelve month low of $25.09 and a twelve month high of $34.58. The company has a 50-day moving average price of $31.62 and a two-hundred day moving average price of $30.98.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its earnings results on Tuesday, April 23rd. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $374.00 million during the quarter, compared to analyst estimates of $369.43 million. Zurn Elkay Water Solutions had a net margin of 8.11% and a return on equity of 11.85%. The company’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the business earned $0.18 earnings per share. Equities analysts forecast 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 declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, May 20th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, May 17th. Zurn Elkay Water Solutions’s payout ratio is 45.07%.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Zurn Elkay Water Solutions by 1.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 20,109 shares of the company’s stock worth $591,000 after buying an additional 359 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Zurn Elkay Water Solutions by 32.9% in the fourth quarter. Assetmark Inc. now owns 2,898 shares of the company’s stock worth $85,000 after buying an additional 718 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Zurn Elkay Water Solutions by 16.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the company’s stock worth $203,000 after buying an additional 1,000 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Zurn Elkay Water Solutions in the fourth quarter worth about $34,000. Finally, Amalgamated Bank lifted its holdings in shares of Zurn Elkay Water Solutions by 7.9% in the third quarter. Amalgamated Bank now owns 16,227 shares of the company’s stock worth $455,000 after buying an additional 1,187 shares in the last quarter. 83.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. BNP Paribas assumed coverage on shares of Zurn Elkay Water Solutions in a research report on Tuesday, March 12th. They set an “outperform” rating and a $40.00 price target for the company. Finally, Oppenheimer increased their price target on shares of Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $33.50.

Zurn Elkay Water Solutions Company 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.