MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $48.25 Million Holdings in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,293,655 shares of the company’s stock after buying an additional 70,349 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.76% of Zurn Elkay Water Solutions worth $48,253,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Zurn Elkay Water Solutions by 138.4% during the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $35,000 after buying an additional 544 shares in the last quarter. Atala Financial Inc acquired a new position in shares of Zurn Elkay Water Solutions during the fourth quarter worth $44,000. Tsfg LLC acquired a new position in shares of Zurn Elkay Water Solutions during the fourth quarter worth $56,000. Tortoise Investment Management LLC increased its holdings in shares of Zurn Elkay Water Solutions by 77.4% during the fourth quarter. Tortoise Investment Management LLC now owns 1,731 shares of the company’s stock worth $65,000 after buying an additional 755 shares in the last quarter. Finally, Caisse Des Depots ET Consignations acquired a new position in shares of Zurn Elkay Water Solutions during the fourth quarter worth $82,000. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on ZWS shares. Robert W. Baird reduced their price objective on shares of Zurn Elkay Water Solutions from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. BNP Paribas downgraded Zurn Elkay Water Solutions from an “outperform” rating to a “neutral” rating and set a $29.00 price objective for the company. in a report on Wednesday, April 9th. The Goldman Sachs Group decreased their price objective on Zurn Elkay Water Solutions from $39.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Finally, Stifel Nicolaus increased their price objective on Zurn Elkay Water Solutions from $34.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Zurn Elkay Water Solutions presently has a consensus rating of “Hold” and an average price target of $36.43.

Zurn Elkay Water Solutions Stock Performance

Shares of Zurn Elkay Water Solutions stock opened at $37.46 on Wednesday. The company has a current ratio of 2.91, a quick ratio of 1.81 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $32.66 and a two-hundred day moving average price of $36.08. Zurn Elkay Water Solutions Co. has a 1-year low of $27.74 and a 1-year high of $41.15. The company has a market cap of $6.30 billion, a P/E ratio of 40.72, a PEG ratio of 2.01 and a beta of 1.02.

Zurn Elkay Water Solutions (NYSE:ZWS) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Zurn Elkay Water Solutions had a return on equity of 14.03% and a net margin of 10.23%. The firm had revenue of $388.80 million during the quarter, compared to the consensus estimate of $383.87 million. During the same period last year, the business posted $0.29 EPS. As a group, analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.36 EPS for the current year.

Zurn Elkay Water Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.36 dividend on an annualized basis and a yield of 0.96%. Zurn Elkay Water Solutions’s payout ratio is currently 36.36%.

Insiders Place Their Bets

In other news, CFO David J. Pauli sold 8,390 shares of the stock in a transaction dated 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 owns 59,410 shares of the company’s stock, valued at $2,107,272.70. This represents a 12.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Aimee Katz sold 8,912,500 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 15,002,819 shares in the company, valued at $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 2.60% of the company’s stock.

About Zurn Elkay Water Solutions

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.