Perpetual Ltd Grows Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Perpetual Ltd raised its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 8.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 214,189 shares of the company’s stock after purchasing an additional 16,520 shares during the period. Perpetual Ltd’s holdings in Zurn Elkay Water Solutions were worth $7,989,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Quarry LP boosted its stake in shares of Zurn Elkay Water Solutions by 178.7% during the second quarter. Quarry LP now owns 836 shares of the company’s stock valued at $25,000 after purchasing an additional 536 shares in the last quarter. GAMMA Investing LLC boosted its position in 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 acquiring an additional 544 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Zurn Elkay Water Solutions in the 3rd quarter valued at $36,000. Tsfg LLC bought a new position in shares of Zurn Elkay Water Solutions in the 4th quarter worth $56,000. Finally, KBC Group NV raised its position in shares of Zurn Elkay Water Solutions by 20.9% in the 3rd 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. Institutional investors own 83.33% of the company’s stock.

Analyst Ratings Changes

ZWS has been the topic of several analyst reports. Mizuho lifted their target price on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Oppenheimer raised their price target on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Robert W. Baird boosted their price objective on shares of 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. Finally, Stifel Nicolaus raised their target price on shares of Zurn Elkay Water Solutions from $36.00 to $38.00 and gave the company a “hold” rating in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.

Zurn Elkay Water Solutions Stock Up 1.8 %

ZWS stock opened at $38.89 on Wednesday. The stock has a market capitalization of $6.60 billion, a PE ratio of 49.22, a price-to-earnings-growth ratio of 1.78 and a beta of 1.15. Zurn Elkay Water Solutions Co. has a 52 week low of $28.25 and a 52 week high of $41.15. The company has a quick ratio of 1.71, a current ratio of 2.70 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $38.60 and a 200 day moving average of $35.26.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $410.00 million during the quarter, compared to the consensus estimate of $406.15 million. Zurn Elkay Water Solutions had a net margin of 8.87% and a return on equity of 13.30%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share. Sell-side analysts forecast that Zurn Elkay Water Solutions Co. will post 1.24 earnings per share for the current year.

Insider Activity

In other news, CFO David J. Pauli sold 4,070 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $39.15, for a total value of $159,340.50. Following the sale, the chief financial officer now directly owns 47,572 shares of the company’s stock, valued at $1,862,443.80. This represents a 7.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Todd A. Adams sold 120,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $39.83, for a total transaction of $4,779,600.00. Following the transaction, the chief executive officer now directly owns 2,242,867 shares of the company’s stock, valued at approximately $89,333,392.61. This trade represents a 5.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 127,202 shares of company stock valued at $5,061,558. Company insiders own 3.00% of the company’s stock.

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.