Exchange Traded Concepts LLC Increases Position in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Exchange Traded Concepts LLC boosted its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 986.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 26,237 shares of the company’s stock after acquiring an additional 23,823 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Zurn Elkay Water Solutions were worth $979,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quarry LP lifted its holdings 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 worth $25,000 after purchasing an additional 536 shares during the period. GAMMA Investing LLC raised 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 worth $35,000 after buying an additional 544 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in Zurn Elkay Water Solutions during the 3rd quarter valued at approximately $36,000. Tsfg LLC purchased a new stake in shares of Zurn Elkay Water Solutions in the 4th quarter valued at $56,000. Finally, KBC Group NV increased its stake in shares of Zurn Elkay Water Solutions by 20.9% in the third quarter. KBC Group NV now owns 3,978 shares of the company’s stock worth $143,000 after acquiring an additional 688 shares during the period. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Wall Street Analysts Forecast Growth

ZWS has been the subject of a number of research reports. Oppenheimer boosted their target price on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Robert W. Baird raised their target price on Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Mizuho lifted their price target on Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus upped their price objective on Zurn Elkay Water Solutions from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Three equities research 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.com, the company has an average rating of “Moderate Buy” and an average target price of $38.67.

Zurn Elkay Water Solutions Trading Up 1.1 %

Shares of ZWS stock opened at $39.34 on Wednesday. Zurn Elkay Water Solutions Co. has a 1-year low of $28.25 and a 1-year high of $41.15. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 49.79, a PEG ratio of 1.80 and a beta of 1.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.71. The stock has a 50 day simple moving average of $38.57 and a 200-day simple moving average of $35.60.

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

Insider Buying and Selling

In related news, CFO David J. Pauli sold 4,070 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $39.15, for a total transaction of $159,340.50. Following the completion of the sale, the chief financial officer now directly owns 47,572 shares in the company, valued at approximately $1,862,443.80. The trade was a 7.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeffrey J. Lavalle sold 3,132 shares of the firm’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 $122,617.80. Following the completion of the transaction, the vice president now owns 35,422 shares in the company, valued at $1,386,771.30. The trade was a 8.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 127,202 shares of company stock worth $5,061,558 in the last 90 days. Insiders own 3.80% 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.