SG Americas Securities LLC Sells 26,665 Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS)

SG Americas Securities LLC lessened its stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS) by 85.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,461 shares of the company’s stock after selling 26,665 shares during the quarter. SG Americas Securities LLC’s holdings in Zurn Elkay Water Solutions were worth $166,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in Zurn Elkay Water Solutions by 138.4% during the fourth quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $35,000 after purchasing an additional 544 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Zurn Elkay Water Solutions in the 3rd quarter worth approximately $36,000. Tsfg LLC bought a new position in shares of Zurn Elkay Water Solutions during the 4th quarter valued at approximately $56,000. KBC Group NV raised its holdings in Zurn Elkay Water Solutions by 20.9% during the 3rd quarter. KBC Group NV now owns 3,978 shares of the company’s stock valued at $143,000 after buying an additional 688 shares during the period. Finally, Millburn Ridgefield Corp lifted its position in Zurn Elkay Water Solutions by 1,152.5% in the third quarter. Millburn Ridgefield Corp now owns 5,173 shares of the company’s stock worth $186,000 after buying an additional 4,760 shares during the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Zurn Elkay Water Solutions Price Performance

Shares of ZWS stock opened at $38.19 on Monday. The company has a market capitalization of $6.48 billion, a P/E ratio of 41.51, a P/E/G ratio of 1.78 and a beta of 1.15. The company’s 50-day simple moving average is $38.46 and its two-hundred day simple moving average is $36.06. Zurn Elkay Water Solutions Co. has a one year low of $28.25 and a one year high of $41.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.70 and a quick ratio of 1.71.

Zurn Elkay Water Solutions (NYSE:ZWS) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.04. Zurn Elkay Water Solutions had a return on equity of 14.01% and a net margin of 10.23%. As a group, equities analysts anticipate that Zurn Elkay Water Solutions Co. will post 1.35 EPS for the current year.

Zurn Elkay Water Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Thursday, February 20th will be issued a $0.09 dividend. The ex-dividend date is Thursday, February 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.94%. Zurn Elkay Water Solutions’s payout ratio is currently 39.13%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ZWS shares. Mizuho boosted their price objective on shares of 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. Stifel Nicolaus increased their price objective on shares of 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. Oppenheimer boosted their target price on 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. Finally, Robert W. Baird increased their price target 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.67.

About Zurn Elkay Water Solutions

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.