Caisse Des Depots ET Consignations Makes New Investment in Zurn Elkay Water Solutions Co. (NYSE:ZWS)

Caisse Des Depots ET Consignations purchased a new stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,187 shares of the company’s stock, valued at approximately $82,000.

Several other institutional investors have also recently modified their holdings of ZWS. Charles Schwab Investment Management Inc. boosted its stake in shares of Zurn Elkay Water Solutions by 3.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,859,433 shares of the company’s stock worth $66,828,000 after purchasing an additional 65,426 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Zurn Elkay Water Solutions by 159.2% during the third quarter. Citigroup Inc. now owns 253,943 shares of the company’s stock valued at $9,127,000 after buying an additional 155,982 shares during the period. FMR LLC boosted its position in Zurn Elkay Water Solutions by 11.2% during the third quarter. FMR LLC now owns 14,070 shares of the company’s stock worth $506,000 after acquiring an additional 1,416 shares during the last quarter. Public Sector Pension Investment Board purchased a new stake in Zurn Elkay Water Solutions in the 3rd quarter worth approximately $10,947,000. Finally, Captrust Financial Advisors grew its stake in Zurn Elkay Water Solutions by 7.8% in the 3rd quarter. Captrust Financial Advisors now owns 7,832 shares of the company’s stock worth $281,000 after acquiring an additional 570 shares during the period. 83.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 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 company’s stock. According to MarketBeat, Zurn Elkay Water Solutions has a consensus rating of “Hold” and an average target price of $38.40.

Insiders Place Their Bets

In related news, CFO David J. Pauli sold 8,390 shares of the business’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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Aimee Katz sold 8,912,500 shares of the stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $33.60, for a total transaction of $299,460,000.00. Following the completion of the sale, the insider now directly owns 15,002,819 shares of the company’s stock, valued at $504,094,718.40. This trade represents a 37.27 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Zurn Elkay Water Solutions Trading Down 2.4 %

Shares of ZWS opened at $32.96 on Friday. Zurn Elkay Water Solutions Co. has a twelve month low of $28.25 and a twelve month high of $41.15. The firm has a market capitalization of $5.56 billion, a P/E ratio of 35.82, a price-to-earnings-growth ratio of 2.01 and a beta of 1.16. The company has a current ratio of 2.91, a quick ratio of 1.81 and a debt-to-equity ratio of 0.31. The stock’s fifty day simple moving average is $35.89 and its 200 day simple moving average is $36.85.

Zurn Elkay Water Solutions (NYSE:ZWS) last released its quarterly earnings data 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 return on equity of 14.03% and a net margin of 10.23%. On average, equities research analysts forecast that Zurn Elkay Water Solutions Co. will post 1.36 earnings per share for the current year.

Zurn Elkay Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Thursday, February 20th were given a dividend of $0.09 per share. The ex-dividend date was Thursday, February 20th. This represents a $0.36 dividend on an annualized basis and a yield of 1.09%. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is 39.13%.

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.