Zurn Elkay Water Solutions Co. (NYSE:ZWS) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in Zurn Elkay Water Solutions Co. (NYSE:ZWS – Get Rating) by 143.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,440 shares of the company’s stock after acquiring an additional 26,200 shares during the quarter. Russell Investments Group Ltd.’s holdings in Zurn Elkay Water Solutions were worth $940,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ZWS. Point72 Hong Kong Ltd acquired a new position in Zurn Elkay Water Solutions in the first quarter valued at approximately $64,000. KBC Group NV lifted its holdings in Zurn Elkay Water Solutions by 8.4% in the third quarter. KBC Group NV now owns 6,897 shares of the company’s stock valued at $169,000 after acquiring an additional 535 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Zurn Elkay Water Solutions by 97.7% in the third quarter. Tower Research Capital LLC TRC now owns 8,515 shares of the company’s stock valued at $209,000 after acquiring an additional 4,208 shares during the period. Inspire Investing LLC lifted its holdings in Zurn Elkay Water Solutions by 8.0% in the third quarter. Inspire Investing LLC now owns 8,654 shares of the company’s stock valued at $212,000 after acquiring an additional 640 shares during the period. Finally, Wrapmanager Inc. acquired a new position in Zurn Elkay Water Solutions in the fourth quarter valued at approximately $250,000. 74.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. The Goldman Sachs Group cut their price objective on Zurn Elkay Water Solutions from $29.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, April 14th. Stifel Nicolaus cut their price objective on Zurn Elkay Water Solutions from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Monday, April 17th. TheStreet upgraded Zurn Elkay Water Solutions from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Finally, Mizuho restated a “buy” rating and issued a $26.00 price objective on shares of Zurn Elkay Water Solutions in a research report on Wednesday, February 8th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Zurn Elkay Water Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $26.17.

Zurn Elkay Water Solutions Stock Up 1.0 %

Shares of ZWS opened at $22.21 on Friday. The stock has a 50 day moving average price of $21.09 and a 200 day moving average price of $22.16. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 58.45, a PEG ratio of 1.47 and a beta of 1.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.45 and a current ratio of 2.97. Zurn Elkay Water Solutions Co. has a one year low of $19.29 and a one year high of $32.86.

Zurn Elkay Water Solutions (NYSE:ZWS – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The company had revenue of $372.10 million for the quarter, compared to analyst estimates of $346.89 million. Zurn Elkay Water Solutions had a return on equity of 11.53% and a net margin of 3.84%. The firm’s revenue for the quarter was up 55.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 earnings per share. Equities research analysts forecast that Zurn Elkay Water Solutions Co. will post 0.9 earnings per share for the current fiscal year.

Zurn Elkay Water Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 7th. Shareholders of record on Friday, May 19th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Thursday, May 18th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is currently 73.69%.

Zurn Elkay Water Solutions Profile

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Zurn Elkay Water Solutions Corp. engages in the design, procurement, manufacture, and sale of water solutions. It operates through the United States, Canada, and Rest of World geographical segments. The company is headquartered in Milwaukee, WI.