Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP decreased its holdings in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 57.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,447 shares of the company’s stock after selling 8,586 shares during the period. Qsemble Capital Management LP’s holdings in Zurn Elkay Water Solutions were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Alpha DNA Investment Management LLC acquired a new stake in Zurn Elkay Water Solutions during the third quarter worth about $471,000. Citigroup Inc. raised its stake in Zurn Elkay Water Solutions by 159.2% during the third quarter. Citigroup Inc. now owns 253,943 shares of the company’s stock worth $9,127,000 after acquiring an additional 155,982 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Zurn Elkay Water Solutions by 3.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,859,433 shares of the company’s stock worth $66,828,000 after acquiring an additional 65,426 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Zurn Elkay Water Solutions by 4.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 18,147 shares of the company’s stock worth $652,000 after acquiring an additional 778 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in Zurn Elkay Water Solutions during the third quarter worth about $1,545,000. Institutional investors and hedge funds own 83.33% of the company’s stock.

Insider Activity at Zurn Elkay Water Solutions

In other Zurn Elkay Water Solutions news, Director Timothy J. Jahnke sold 15,600 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $33.03, for a total value of $515,268.00. Following the completion of the sale, the director now owns 385,017 shares in the company, valued at $12,717,111.51. This represents a 3.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David J. Pauli sold 4,070 shares of the 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 owns 47,572 shares of the company’s stock, valued at approximately $1,862,443.80. The trade was a 7.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 225,688 shares of company stock worth $8,400,151. 3.00% of the stock is owned by corporate insiders.

Zurn Elkay Water Solutions Stock Down 0.1 %

Shares of NYSE:ZWS opened at $39.68 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 2.70. The company has a market cap of $6.73 billion, a PE ratio of 50.23, a price-to-earnings-growth ratio of 2.04 and a beta of 1.14. Zurn Elkay Water Solutions Co. has a 52 week low of $27.55 and a 52 week high of $40.64. The firm has a 50 day simple moving average of $37.21 and a 200 day simple moving average of $33.24.

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

Zurn Elkay Water Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Wednesday, November 20th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Wednesday, November 20th. This is an increase from Zurn Elkay Water Solutions’s previous quarterly dividend of $0.08. Zurn Elkay Water Solutions’s dividend payout ratio is 45.57%.

Wall Street Analysts Forecast Growth

ZWS has been the topic of several research reports. Mizuho increased their price objective on shares of Zurn Elkay Water Solutions from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Oppenheimer raised their price target on shares of Zurn Elkay Water Solutions from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Stifel Nicolaus raised their price target on shares of Zurn Elkay Water Solutions from $34.00 to $36.00 and gave the company a “hold” rating in a research note on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Zurn Elkay Water Solutions from $35.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Robert W. Baird increased their price objective on shares of Zurn Elkay Water Solutions from $37.00 to $39.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Zurn Elkay Water Solutions has an average rating of “Hold” and a consensus price target of $38.17.

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.