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

Wintrust Investments LLC boosted its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 94.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,331 shares of the company’s stock after purchasing an additional 12,276 shares during the quarter. Zurn Elkay Water Solutions comprises 0.8% of Wintrust Investments LLC’s portfolio, making the stock its 27th biggest holding. Wintrust Investments LLC’s holdings in Zurn Elkay Water Solutions were worth $944,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of Zurn Elkay Water Solutions by 138.4% in the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $35,000 after purchasing an additional 544 shares during the last quarter. Tsfg LLC acquired a new stake in shares of Zurn Elkay Water Solutions in the fourth quarter worth $56,000. Tortoise Investment Management LLC increased its position in shares of Zurn Elkay Water Solutions by 77.4% in the fourth quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company’s stock worth $65,000 after acquiring an additional 755 shares in the last quarter. KBC Group NV increased its position in shares of Zurn Elkay Water Solutions by 20.9% in the third quarter. KBC Group NV now owns 3,978 shares of the company’s stock worth $143,000 after acquiring an additional 688 shares in the last quarter. Finally, Millburn Ridgefield Corp grew its holdings in Zurn Elkay Water Solutions by 1,152.5% during the 3rd quarter. Millburn Ridgefield Corp now owns 5,173 shares of the company’s stock valued at $186,000 after purchasing an additional 4,760 shares in the last quarter. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Aimee Katz sold 8,912,500 shares of the firm’s stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David J. Pauli sold 8,390 shares of Zurn Elkay Water Solutions 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 transaction, the chief financial officer now directly owns 59,410 shares in the company, valued at $2,107,272.70. The trade was a 12.37 % decrease in their position. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by corporate insiders.

Zurn Elkay Water Solutions Stock Performance

ZWS stock opened at $32.79 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.81 and a current ratio of 2.91. The stock has a market cap of $5.58 billion, a P/E ratio of 35.64, a P/E/G ratio of 2.01 and a beta of 1.16. The firm has a 50 day simple moving average of $36.73 and a 200 day simple moving average of $36.72. Zurn Elkay Water Solutions Co. has a 52 week low of $28.25 and a 52 week high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Research analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is currently 39.13%.

Wall Street Analysts Forecast Growth

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 research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $38.40.

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.