Quantbot Technologies LP Sells 14,355 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Quantbot Technologies LP reduced its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 79.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,619 shares of the company’s stock after selling 14,355 shares during the quarter. Quantbot Technologies LP’s holdings in Zurn Elkay Water Solutions were worth $135,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ZWS. State Street Corp increased its stake in Zurn Elkay Water Solutions by 63.8% in the 3rd quarter. State Street Corp now owns 5,441,980 shares of the company’s stock worth $195,585,000 after purchasing an additional 2,119,777 shares during the period. Geode Capital Management LLC increased its stake in shares of Zurn Elkay Water Solutions by 1.1% in the third quarter. Geode Capital Management LLC now owns 3,256,457 shares of the company’s stock worth $117,060,000 after buying an additional 35,570 shares during the period. Principal Financial Group Inc. increased its stake in shares of Zurn Elkay Water Solutions by 49.6% in the third quarter. Principal Financial Group Inc. now owns 2,619,953 shares of the company’s stock worth $94,161,000 after buying an additional 868,748 shares during the period. Crescent Grove Advisors LLC boosted its position in Zurn Elkay Water Solutions by 5.7% during the 4th quarter. Crescent Grove Advisors LLC now owns 2,435,447 shares of the company’s stock valued at $90,842,000 after buying an additional 130,732 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Zurn Elkay Water Solutions in the 4th quarter worth $80,457,000. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus upped their price objective on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Zurn Elkay Water Solutions presently has a consensus rating of “Hold” and a consensus price target of $38.40.

Insiders Place Their Bets

In other Zurn Elkay Water Solutions news, major shareholder Aimee Katz sold 8,912,500 shares of the firm’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 transaction of $299,460,000.00. Following the completion of the transaction, the insider now owns 15,002,819 shares of the company’s stock, valued at approximately $504,094,718.40. This trade represents a 37.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David J. Pauli sold 8,390 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $35.47, for a total value of $297,593.30. Following the completion of the sale, the chief financial officer now directly owns 59,410 shares in the company, valued at approximately $2,107,272.70. This represents a 12.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

Zurn Elkay Water Solutions Stock Down 2.4 %

Shares of NYSE ZWS opened at $32.96 on Monday. The firm has a fifty day simple moving average of $35.89 and a two-hundred day simple moving average of $36.91. The firm has a market capitalization of $5.56 billion, a PE ratio of 35.82, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. The company has a current ratio of 2.91, a quick ratio of 1.81 and a debt-to-equity ratio of 0.31. Zurn Elkay Water Solutions Co. has a 12 month low of $28.25 and a 12 month high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping 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%. Equities analysts expect that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $0.36 annualized dividend and a yield of 1.09%. Zurn Elkay Water Solutions’s payout ratio is 39.13%.

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.