Los Angeles Capital Management LLC Acquires 12,010 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Los Angeles Capital Management LLC raised its holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 29.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,147 shares of the company’s stock after buying an additional 12,010 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Zurn Elkay Water Solutions were worth $1,982,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ZWS. World Equity Group Inc. bought a new position in shares of Zurn Elkay Water Solutions during the 4th quarter worth about $272,000. Peregrine Capital Management LLC raised its stake in Zurn Elkay Water Solutions by 1.8% during the 4th quarter. Peregrine Capital Management LLC now owns 296,230 shares of the company’s stock worth $11,049,000 after buying an additional 5,286 shares during the period. Venturi Wealth Management LLC boosted its holdings in Zurn Elkay Water Solutions by 4.8% in the fourth quarter. Venturi Wealth Management LLC now owns 9,441 shares of the company’s stock worth $352,000 after acquiring an additional 430 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Zurn Elkay Water Solutions by 0.7% in the fourth quarter. Sanctuary Advisors LLC now owns 58,208 shares of the company’s stock valued at $2,288,000 after acquiring an additional 389 shares during the period. Finally, Bleakley Financial Group LLC increased its holdings in shares of Zurn Elkay Water Solutions by 3.9% during the fourth quarter. Bleakley Financial Group LLC now owns 21,690 shares of the company’s stock valued at $809,000 after acquiring an additional 819 shares in the last quarter. 83.33% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus increased their target price on 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 three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.67.

Zurn Elkay Water Solutions Price Performance

Shares of NYSE ZWS opened at $35.42 on Friday. 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 firm’s 50-day simple moving average is $37.28 and its 200 day simple moving average is $36.51. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 2.01 and a beta of 1.15. Zurn Elkay Water Solutions Co. has a fifty-two week low of $28.25 and a fifty-two week high of $41.15.

Zurn Elkay Water Solutions (NYSE:ZWS) last posted its earnings results on Tuesday, February 4th. The company reported $0.32 earnings per share 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 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 will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $0.36 annualized dividend and a dividend yield of 1.02%. Zurn Elkay Water Solutions’s payout ratio is 39.13%.

Insider Activity

In related news, major shareholder Aimee Katz sold 8,912,500 shares of Zurn Elkay Water Solutions stock in a transaction on Thursday, February 13th. The stock was 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 in the company, 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 legal filing with the SEC, which can be accessed through this link. Also, 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 value of $297,593.30. Following the completion of the transaction, the chief financial officer now owns 59,410 shares of the company’s stock, valued at $2,107,272.70. This trade represents a 12.37 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

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.