Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS – Free Report) by 31.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,788 shares of the company’s stock after selling 93,153 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.12% of Zurn Elkay Water Solutions worth $4,332,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC increased its holdings in shares of Zurn Elkay Water Solutions by 111,056.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 21,777,778 shares of the company’s stock valued at $460,600,000 after acquiring an additional 21,758,186 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Zurn Elkay Water Solutions by 18.4% during the third quarter. Vanguard Group Inc. now owns 13,446,027 shares of the company’s stock valued at $329,428,000 after acquiring an additional 2,085,426 shares in the last quarter. Impax Asset Management Group plc increased its holdings in shares of Zurn Elkay Water Solutions by 3.1% during the fourth quarter. Impax Asset Management Group plc now owns 11,273,427 shares of the company’s stock valued at $237,866,000 after acquiring an additional 341,420 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Zurn Elkay Water Solutions by 91.7% during the fourth quarter. Bank of America Corp DE now owns 7,483,132 shares of the company’s stock valued at $158,268,000 after acquiring an additional 3,580,190 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of Zurn Elkay Water Solutions by 13.0% during the fourth quarter. Macquarie Group Ltd. now owns 5,454,299 shares of the company’s stock valued at $115,358,000 after acquiring an additional 625,829 shares in the last quarter. Institutional investors own 79.10% of the company’s stock.
Zurn Elkay Water Solutions Trading Down 0.2 %
NYSE:ZWS opened at $29.37 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. Zurn Elkay Water Solutions Co. has a 52 week low of $19.29 and a 52 week high of $31.77. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 97.90, a PEG ratio of 2.08 and a beta of 1.29. The company’s 50 day moving average price is $27.35 and its 200-day moving average price is $23.73.
Zurn Elkay Water Solutions Dividend Announcement
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the company. KeyCorp upped their price target on Zurn Elkay Water Solutions from $28.00 to $31.00 in a report on Thursday, July 13th. TheStreet upgraded Zurn Elkay Water Solutions from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Robert W. Baird raised their price target on Zurn Elkay Water Solutions from $23.00 to $30.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 25th. Stifel Nicolaus raised their price target on Zurn Elkay Water Solutions from $24.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Oppenheimer raised their price target on Zurn Elkay Water Solutions from $27.00 to $29.00 in a research report on Friday, June 9th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Zurn Elkay Water Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.
View Our Latest Stock Report on ZWS
Zurn Elkay Water Solutions 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, including interceptors, water control and backflow, fire protection, PEX pipings and tubings, valves, fittings, and installation tools under the Zurn and Wilkis brand names.
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