Avantax Advisory Services Inc. Sells 596 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Avantax Advisory Services Inc. decreased its stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,553 shares of the company’s stock after selling 596 shares during the period. Avantax Advisory Services Inc.’s holdings in Zurn Elkay Water Solutions were worth $468,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ZWS. HighTower Advisors LLC grew its position in Zurn Elkay Water Solutions by 3.3% in the 3rd quarter. HighTower Advisors LLC now owns 8,092 shares of the company’s stock worth $293,000 after purchasing an additional 259 shares during the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Zurn Elkay Water Solutions by 3.2% in the fourth quarter. DAVENPORT & Co LLC now owns 8,559 shares of the company’s stock valued at $319,000 after buying an additional 269 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its position in Zurn Elkay Water Solutions by 7.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,984 shares of the company’s stock worth $205,000 after buying an additional 344 shares in the last quarter. Sanctuary Advisors LLC grew its position in Zurn Elkay Water Solutions by 0.7% during the fourth quarter. Sanctuary Advisors LLC now owns 58,208 shares of the company’s stock worth $2,288,000 after buying an additional 389 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Zurn Elkay Water Solutions by 4.8% during the fourth quarter. Venturi Wealth Management LLC now owns 9,441 shares of the company’s stock valued at $352,000 after acquiring an additional 430 shares during the period. Institutional investors own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Price Performance

NYSE:ZWS opened at $33.42 on Monday. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 2.01 and a beta of 1.16. The company has a 50-day moving average of $36.26 and a 200-day moving average of $36.82. Zurn Elkay Water Solutions Co. has a 52 week low of $28.25 and a 52 week high of $41.15. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.81 and a current ratio of 2.91.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Zurn Elkay Water Solutions had a net margin of 10.23% and a return on equity of 14.03%. As a group, equities 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Thursday, February 20th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, February 20th. Zurn Elkay Water Solutions’s dividend payout ratio is 39.13%.

Insider Buying and Selling at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, major shareholder Aimee Katz sold 8,912,500 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $33.60, for a total value 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. The trade was a 37.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David J. Pauli sold 8,390 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $35.47, for a total transaction of $297,593.30. Following the sale, the chief financial officer now directly owns 59,410 shares of the company’s stock, valued at approximately $2,107,272.70. The trade was a 12.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus raised 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 two have given a buy rating to the stock. According to data from MarketBeat.com, Zurn Elkay Water Solutions has a consensus rating of “Hold” and a consensus target price of $38.40.

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.