Kapitalo Investimentos Ltda Purchases New Shares in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Kapitalo Investimentos Ltda acquired a new stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,581 shares of the company’s stock, valued at approximately $76,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Principal Securities Inc. bought a new position in shares of Zurn Elkay Water Solutions in the fourth quarter valued at about $34,000. Benjamin Edwards Inc. bought a new position in shares of Zurn Elkay Water Solutions in the fourth quarter worth about $42,000. Assetmark Inc. lifted its position in shares of Zurn Elkay Water Solutions by 32.9% during the fourth quarter. Assetmark Inc. now owns 2,898 shares of the company’s stock worth $85,000 after purchasing an additional 718 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Zurn Elkay Water Solutions by 85.4% during the fourth quarter. Global Retirement Partners LLC now owns 3,294 shares of the company’s stock valued at $93,000 after purchasing an additional 1,517 shares during the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in shares of Zurn Elkay Water Solutions in the fourth quarter valued at approximately $125,000. Institutional investors and hedge funds own 83.33% of the company’s stock.

Insider Buying and Selling

In other Zurn Elkay Water Solutions news, major shareholder Ice Mountain Llc sold 46,380 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $32.00, for a total value of $1,484,160.00. Following the transaction, the insider now owns 24,168,932 shares of the company’s stock, valued at $773,405,824. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Zurn Elkay Water Solutions news, Director Thomas Christopoul sold 10,495 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $32.11, for a total transaction of $336,994.45. Following the completion of the transaction, the director now owns 104,844 shares of the company’s stock, valued at approximately $3,366,540.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Ice Mountain Llc sold 46,380 shares of Zurn Elkay Water Solutions stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $32.00, for a total transaction of $1,484,160.00. Following the completion of the sale, the insider now owns 24,168,932 shares in the company, valued at $773,405,824. The disclosure for this sale can be found here. In the last three months, insiders sold 604,527 shares of company stock valued at $19,408,291. 3.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on ZWS. Deutsche Bank Aktiengesellschaft decreased their price objective on Zurn Elkay Water Solutions from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Oppenheimer raised their price target on Zurn Elkay Water Solutions from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Finally, BNP Paribas began coverage on Zurn Elkay Water Solutions in a report on Tuesday, March 12th. They set an “outperform” rating and a $40.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $33.50.

Zurn Elkay Water Solutions Stock Performance

Shares of ZWS stock opened at $30.30 on Friday. The stock has a market cap of $5.23 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 1.58 and a beta of 1.19. The stock has a 50-day moving average of $31.56 and a 200-day moving average of $30.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.31 and a quick ratio of 1.95. Zurn Elkay Water Solutions Co. has a one year low of $25.09 and a one year high of $34.58.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. Zurn Elkay Water Solutions had a net margin of 8.11% and a return on equity of 11.85%. The business had revenue of $374.00 million during the quarter, compared to analysts’ expectations of $369.43 million. During the same quarter in the prior year, the company earned $0.18 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. As a group, sell-side analysts expect that Zurn Elkay Water Solutions Co. will post 1.18 earnings per share for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 20th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $0.32 annualized dividend and a dividend yield of 1.06%. Zurn Elkay Water Solutions’s dividend payout ratio is presently 45.07%.

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.