Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 11.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 211,183 shares of the company’s stock after purchasing an additional 21,081 shares during the quarter. Sei Investments Co. owned 0.12% of Zurn Elkay Water Solutions worth $6,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its position in Zurn Elkay Water Solutions by 76.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 859 shares of the company’s stock valued at $25,000 after buying an additional 373 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Zurn Elkay Water Solutions in the second quarter valued at about $29,000. Whittier Trust Co. of Nevada Inc. grew its stake in Zurn Elkay Water Solutions by 732.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,440 shares of the company’s stock valued at $42,000 after purchasing an additional 1,267 shares in the last quarter. EntryPoint Capital LLC increased its holdings in Zurn Elkay Water Solutions by 649.1% during the 1st quarter. EntryPoint Capital LLC now owns 1,603 shares of the company’s stock worth $54,000 after purchasing an additional 1,389 shares during the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Zurn Elkay Water Solutions in the 4th quarter valued at approximately $76,000. 83.33% of the stock is owned by institutional investors and hedge funds.

Zurn Elkay Water Solutions Trading Up 0.7 %

NYSE ZWS opened at $35.93 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.75 and a current ratio of 2.84. Zurn Elkay Water Solutions Co. has a one year low of $25.09 and a one year high of $36.06. The company has a 50-day simple moving average of $32.10 and a 200-day simple moving average of $31.62. The firm has a market capitalization of $6.20 billion, a PE ratio of 50.60, a price-to-earnings-growth ratio of 1.87 and a beta of 1.14.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its earnings results on Tuesday, July 30th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $412.00 million during the quarter, compared to the consensus estimate of $409.14 million. Zurn Elkay Water Solutions had a return on equity of 12.82% and a net margin of 8.80%. Zurn Elkay Water Solutions’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 earnings per share. On average, equities analysts forecast that Zurn Elkay Water Solutions Co. will post 1.21 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, August 20th were paid a dividend of $0.08 per share. The ex-dividend date was Tuesday, August 20th. This represents a $0.32 dividend on an annualized basis and a yield of 0.89%. Zurn Elkay Water Solutions’s payout ratio is currently 45.07%.

Analysts Set New Price Targets

Several research firms recently issued reports on ZWS. Stifel Nicolaus upped their price target on shares of Zurn Elkay Water Solutions from $32.00 to $34.00 and gave the company a “hold” rating in a report on Thursday, July 18th. Oppenheimer restated an “outperform” rating and issued a $37.00 target price on shares of Zurn Elkay Water Solutions in a research note on Thursday, September 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $35.17.

Insiders Place Their Bets

In other news, Director Timothy J. Jahnke sold 4,086 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $33.01, for a total transaction of $134,878.86. Following the completion of the transaction, the director now owns 389,399 shares of the company’s stock, valued at $12,854,060.99. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Zurn Elkay Water Solutions news, Director Timothy J. Jahnke sold 15,600 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $33.03, for a total value of $515,268.00. Following the sale, the director now owns 385,017 shares in the company, valued at $12,717,111.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy J. Jahnke sold 4,086 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $33.01, for a total value of $134,878.86. Following the transaction, the director now owns 389,399 shares of the company’s stock, valued at $12,854,060.99. The disclosure for this sale can be found here. Insiders have sold 82,572 shares of company stock valued at $2,721,672 over the last three months. Company insiders own 3.80% of the company’s stock.

About Zurn Elkay Water Solutions

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.