Globeflex Capital L P Increases Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Globeflex Capital L P grew its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 18,387.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,731 shares of the company’s stock after buying an additional 5,700 shares during the quarter. Globeflex Capital L P’s holdings in Zurn Elkay Water Solutions were worth $214,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Zurn Elkay Water Solutions by 138.4% during the 4th quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $35,000 after buying an additional 544 shares in the last quarter. Atala Financial Inc purchased a new stake in shares of Zurn Elkay Water Solutions during the 4th quarter valued at about $44,000. Tsfg LLC bought a new position in Zurn Elkay Water Solutions during the 4th quarter valued at about $56,000. Tortoise Investment Management LLC grew its holdings in Zurn Elkay Water Solutions by 77.4% during the 4th quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company’s stock valued at $65,000 after purchasing an additional 755 shares during the last quarter. Finally, KBC Group NV grew its holdings in Zurn Elkay Water Solutions by 20.9% during the 3rd quarter. KBC Group NV now owns 3,978 shares of the company’s stock valued at $143,000 after purchasing an additional 688 shares during the last quarter. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO David J. Pauli sold 8,390 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were 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 approximately $2,107,272.70. This trade represents a 12.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Aimee Katz sold 8,912,500 shares of the 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 sale, the insider now directly owns 15,002,819 shares of the company’s stock, valued at $504,094,718.40. The trade was a 37.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Zurn Elkay Water Solutions Price Performance

Shares of ZWS stock opened at $33.22 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. The company has a market capitalization of $5.65 billion, a P/E ratio of 36.10, a P/E/G ratio of 2.01 and a beta of 1.16. The company’s 50-day simple moving average is $36.56 and its two-hundred day simple moving average is $36.73. Zurn Elkay Water Solutions Co. has a one year low of $28.25 and a one year high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its earnings results on Tuesday, February 4th. The company reported $0.32 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%. As a group, equities analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders 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 dividend on an annualized basis and a yield of 1.08%. Zurn Elkay Water Solutions’s dividend payout ratio is currently 39.13%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their price target on shares of Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the company 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’s stock. Based on data from MarketBeat, Zurn Elkay Water Solutions presently has a consensus rating of “Hold” and an average target price of $38.40.

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.