Vestmark Advisory Solutions Inc. Has $4.88 Million Holdings in Zurn Elkay Water Solutions Cor $ZWS

Vestmark Advisory Solutions Inc. trimmed its holdings in Zurn Elkay Water Solutions Cor (NYSE:ZWS) by 50.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,402 shares of the company’s stock after selling 133,700 shares during the period. Vestmark Advisory Solutions Inc. owned 0.08% of Zurn Elkay Water Solutions Cor worth $4,879,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ZWS. First Horizon Advisors Inc. grew its stake in Zurn Elkay Water Solutions Cor by 249.8% in the second quarter. First Horizon Advisors Inc. now owns 703 shares of the company’s stock valued at $26,000 after acquiring an additional 502 shares during the period. Whittier Trust Co. bought a new stake in Zurn Elkay Water Solutions Cor during the 2nd quarter valued at $26,000. Federated Hermes Inc. raised its holdings in Zurn Elkay Water Solutions Cor by 3,687.2% during the first quarter. Federated Hermes Inc. now owns 1,780 shares of the company’s stock worth $59,000 after buying an additional 1,733 shares during the last quarter. CWM LLC lifted its stake in shares of Zurn Elkay Water Solutions Cor by 33.8% in the second quarter. CWM LLC now owns 1,799 shares of the company’s stock valued at $66,000 after buying an additional 454 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Zurn Elkay Water Solutions Cor by 137.6% during the second quarter. GAMMA Investing LLC now owns 2,262 shares of the company’s stock valued at $83,000 after buying an additional 1,310 shares during the last quarter. Institutional investors and hedge funds own 83.33% of the company’s stock.

Insider Buying and Selling

In other Zurn Elkay Water Solutions Cor news, Director Timothy J. Jahnke sold 2,100 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $50.00, for a total transaction of $105,000.00. Following the completion of the sale, the director owned 306,864 shares of the company’s stock, valued at $15,343,200. This trade represents a 0.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 31,957 shares of company stock valued at $1,500,135 in the last ninety days. Company insiders own 2.60% of the company’s stock.

Zurn Elkay Water Solutions Cor Price Performance

NYSE:ZWS opened at $47.42 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.78 and a debt-to-equity ratio of 0.31. The firm has a market cap of $7.94 billion, a PE ratio of 42.34, a price-to-earnings-growth ratio of 2.57 and a beta of 1.12. Zurn Elkay Water Solutions Cor has a 12 month low of $27.74 and a 12 month high of $50.03. The company’s 50-day moving average price is $46.65 and its two-hundred day moving average price is $41.24.

Zurn Elkay Water Solutions Cor (NYSE:ZWS) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. The firm had revenue of $455.40 million during the quarter, compared to analysts’ expectations of $442.62 million. Zurn Elkay Water Solutions Cor had a net margin of 11.59% and a return on equity of 16.26%. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. On average, equities analysts anticipate that Zurn Elkay Water Solutions Cor will post 1.36 EPS for the current fiscal year.

Zurn Elkay Water Solutions Cor Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Thursday, November 20th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.9%. This is an increase from Zurn Elkay Water Solutions Cor’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, November 20th. Zurn Elkay Water Solutions Cor’s payout ratio is currently 39.29%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Zurn Elkay Water Solutions Cor in a report on Wednesday, October 8th. Mizuho set a $49.00 target price on Zurn Elkay Water Solutions Cor in a research report on Thursday, October 30th. Stifel Nicolaus boosted their target price on shares of Zurn Elkay Water Solutions Cor from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, September 12th. The Goldman Sachs Group restated a “neutral” rating on shares of Zurn Elkay Water Solutions Cor in a research report on Thursday, October 30th. Finally, Oppenheimer set a $53.00 price objective on Zurn Elkay Water Solutions Cor and gave the company an “outperform” rating in a research report on Friday, October 31st. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.83.

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.