Whittier Trust Co. Buys Shares of 722 Zurn Elkay Water Solutions Cor $ZWS

Whittier Trust Co. bought a new stake in shares of Zurn Elkay Water Solutions Cor (NYSE:ZWS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 722 shares of the company’s stock, valued at approximately $26,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Zurn Elkay Water Solutions Cor by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 15,860,934 shares of the company’s stock valued at $523,094,000 after buying an additional 371,635 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Zurn Elkay Water Solutions Cor by 0.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 13,605,639 shares of the company’s stock valued at $448,714,000 after acquiring an additional 42,277 shares during the period. Invesco Ltd. grew its position in shares of Zurn Elkay Water Solutions Cor by 1.9% during the 1st quarter. Invesco Ltd. now owns 5,991,234 shares of the company’s stock valued at $197,591,000 after acquiring an additional 110,932 shares during the period. Beck Mack & Oliver LLC grew its position in shares of Zurn Elkay Water Solutions Cor by 2.5% during the 1st quarter. Beck Mack & Oliver LLC now owns 3,572,869 shares of the company’s stock valued at $117,833,000 after acquiring an additional 87,303 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Zurn Elkay Water Solutions Cor by 74.1% during the 1st quarter. Ameriprise Financial Inc. now owns 1,715,496 shares of the company’s stock valued at $56,577,000 after acquiring an additional 729,920 shares during the period. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Zurn Elkay Water Solutions Cor from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Zacks Research downgraded shares of Zurn Elkay Water Solutions Cor from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a research report on Friday. Finally, Oppenheimer boosted their price objective on shares of Zurn Elkay Water Solutions Cor from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, September 17th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.50.

Insider Buying and Selling at Zurn Elkay Water Solutions Cor

In other Zurn Elkay Water Solutions Cor news, VP Sudhanshu Chhabra sold 108,930 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $43.61, for a total value of $4,750,437.30. Following the sale, the vice president owned 94,330 shares in the company, valued at $4,113,731.30. The trade was a 53.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy J. Jahnke sold 2,156 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $47.54, for a total transaction of $102,496.24. Following the completion of the sale, the director owned 308,964 shares in the company, valued at approximately $14,688,148.56. The trade was a 0.69% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,930 shares of company stock worth $7,452,507. Corporate insiders own 2.60% of the company’s stock.

Zurn Elkay Water Solutions Cor Trading Up 1.2%

Shares of Zurn Elkay Water Solutions Cor stock opened at $46.41 on Friday. The company has a market capitalization of $7.78 billion, a P/E ratio of 45.95, a P/E/G ratio of 2.46 and a beta of 1.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.72 and a current ratio of 2.71. The company has a fifty day moving average of $46.34 and a 200 day moving average of $39.95. Zurn Elkay Water Solutions Cor has a fifty-two week low of $27.74 and a fifty-two week high of $48.42.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last issued its earnings results on Tuesday, July 29th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $444.50 million during the quarter, compared to the consensus estimate of $424.55 million. Zurn Elkay Water Solutions Cor had a net margin of 10.78% and a return on equity of 15.23%. Zurn Elkay Water Solutions Cor’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. On average, sell-side analysts anticipate that Zurn Elkay Water Solutions Cor will post 1.36 earnings per share for the current fiscal year.

About Zurn Elkay Water Solutions Cor

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.