Great Lakes Advisors LLC Cuts Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Great Lakes Advisors LLC lowered its position in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,540 shares of the company’s stock after selling 863 shares during the quarter. Great Lakes Advisors LLC’s holdings in Zurn Elkay Water Solutions were worth $281,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ZWS. KBC Group NV grew its stake in shares of Zurn Elkay Water Solutions by 20.9% during the third quarter. KBC Group NV now owns 3,978 shares of the company’s stock worth $143,000 after purchasing an additional 688 shares in the last quarter. CIBC Asset Management Inc acquired a new position in shares of Zurn Elkay Water Solutions during the 3rd quarter worth about $372,000. Mutual of America Capital Management LLC purchased a new position in shares of Zurn Elkay Water Solutions in the 3rd quarter valued at about $776,000. Thrivent Financial for Lutherans acquired a new stake in shares of Zurn Elkay Water Solutions during the 3rd quarter worth about $4,052,000. Finally, Global Alpha Capital Management Ltd. lifted its stake in Zurn Elkay Water Solutions by 23.1% during the third quarter. Global Alpha Capital Management Ltd. now owns 92,448 shares of the company’s stock worth $3,323,000 after purchasing an additional 17,350 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus raised their price objective on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $38.40.

Zurn Elkay Water Solutions Trading Up 2.6 %

NYSE:ZWS opened at $33.22 on Monday. The company has a market capitalization of $5.65 billion, a PE ratio of 36.10, a P/E/G ratio of 2.01 and a beta of 1.16. Zurn Elkay Water Solutions Co. has a 52-week low of $28.25 and a 52-week high of $41.15. The stock’s 50 day moving average price is $36.56 and its 200 day moving average price is $36.76. The company has a quick ratio of 1.81, a current ratio of 2.91 and a debt-to-equity ratio of 0.31.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates 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%. On average, research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Thursday, February 20th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, February 20th. This represents a $0.36 annualized dividend and a dividend yield of 1.08%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is 39.13%.

Insider Buying and Selling

In other Zurn Elkay Water Solutions news, CFO David J. Pauli sold 8,390 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 59,410 shares of the company’s stock, valued at approximately $2,107,272.70. This trade represents a 12.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Aimee Katz sold 8,912,500 shares of the business’s stock in a transaction that occurred 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 directly owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. The trade was a 37.27 % 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 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.