Janney Montgomery Scott LLC cut its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS – Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,515 shares of the company’s stock after selling 7,694 shares during the period. Janney Montgomery Scott LLC’s holdings in Zurn Elkay Water Solutions were worth $7,517,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Zurn Elkay Water Solutions by 63.8% in the third quarter. State Street Corp now owns 5,441,980 shares of the company’s stock valued at $195,585,000 after purchasing an additional 2,119,777 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Zurn Elkay Water Solutions by 49.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock valued at $94,161,000 after buying an additional 868,748 shares in the last quarter. Impax Asset Management Group plc grew its holdings in Zurn Elkay Water Solutions by 4.1% during the 3rd quarter. Impax Asset Management Group plc now owns 8,801,275 shares of the company’s stock valued at $315,645,000 after buying an additional 346,412 shares during the last quarter. JPMorgan Chase & Co. increased its position in Zurn Elkay Water Solutions by 25.6% during the third quarter. JPMorgan Chase & Co. now owns 1,615,944 shares of the company’s stock worth $58,077,000 after buying an additional 329,563 shares in the last quarter. Finally, Public Sector Pension Investment Board acquired a new position in shares of Zurn Elkay Water Solutions in the third quarter worth $10,947,000. 83.33% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Zurn Elkay Water Solutions
In related news, CEO Todd A. Adams sold 120,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $39.83, for a total transaction of $4,779,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,242,867 shares in the company, valued at $89,333,392.61. This represents a 5.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jeffrey J. Lavalle sold 3,132 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $39.15, for a total value of $122,617.80. Following the completion of the sale, the vice president now directly owns 35,422 shares in the company, valued at $1,386,771.30. This represents a 8.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 127,202 shares of company stock worth $5,061,558 over the last 90 days. Insiders own 3.80% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on ZWS
Zurn Elkay Water Solutions Stock Performance
Shares of Zurn Elkay Water Solutions stock opened at $39.34 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 2.70. Zurn Elkay Water Solutions Co. has a 1 year low of $28.25 and a 1 year high of $41.15. The firm’s 50-day simple moving average is $38.57 and its 200-day simple moving average is $35.60. The firm has a market cap of $6.68 billion, a PE ratio of 49.79, a price-to-earnings-growth ratio of 1.80 and a beta of 1.15.
Zurn Elkay Water Solutions (NYSE:ZWS – Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Zurn Elkay Water Solutions had a return on equity of 13.30% and a net margin of 8.87%. The firm had revenue of $410.00 million for the quarter, compared to analysts’ expectations of $406.15 million. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Zurn Elkay Water Solutions’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts forecast that Zurn Elkay Water Solutions Co. will post 1.24 earnings per share for the current fiscal year.
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.
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