Impax Asset Management Group plc Has $152.59 Million Stock Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Impax Asset Management Group plc lessened its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 53.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,091,710 shares of the company’s stock after selling 4,709,565 shares during the quarter. Impax Asset Management Group plc owned approximately 2.41% of Zurn Elkay Water Solutions worth $152,587,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning raised its position in shares of Zurn Elkay Water Solutions by 95.7% in the third quarter. Creative Planning now owns 29,553 shares of the company’s stock valued at $1,062,000 after purchasing an additional 14,452 shares during the period. International Assets Investment Management LLC grew its stake in Zurn Elkay Water Solutions by 3,475.8% in the 3rd quarter. International Assets Investment Management LLC now owns 35,293 shares of the company’s stock valued at $1,268,000 after buying an additional 34,306 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in Zurn Elkay Water Solutions in the 3rd quarter valued at about $2,494,000. State of Alaska Department of Revenue acquired a new stake in Zurn Elkay Water Solutions during the third quarter worth approximately $2,943,000. Finally, New York State Teachers Retirement System bought a new stake in shares of Zurn Elkay Water Solutions during the third quarter worth approximately $1,172,000. 83.33% of the stock is currently owned by institutional investors.

Zurn Elkay Water Solutions Price Performance

Zurn Elkay Water Solutions stock opened at $34.90 on Monday. The stock’s fifty day moving average price is $37.57 and its two-hundred day moving average price is $36.43. The firm has a market cap of $5.93 billion, a PE ratio of 37.93, a price-to-earnings-growth ratio of 2.01 and a beta of 1.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.91 and a quick ratio of 1.81. 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 posted its quarterly 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 return on equity of 14.03% and a net margin of 10.23%. As a group, research analysts expect that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is presently 39.13%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ZWS shares. Robert W. Baird increased their target price on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Stifel Nicolaus increased their price objective on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Finally, Mizuho boosted their target price on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Zurn Elkay Water Solutions has a consensus rating of “Moderate Buy” and an average target price of $38.67.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other news, CFO David J. Pauli sold 8,390 shares of the company’s stock in a transaction 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 completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Aimee Katz sold 8,912,500 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 15,002,819 shares in the company, valued at approximately $504,094,718.40. This trade represents a 37.27 % decrease in their position. The disclosure for this sale can be found here. Company 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.