Victory Capital Management Inc. cut its stake in shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS – Get Rating) by 36.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 764,581 shares of the company's stock after selling 439,399 shares during the quarter. Victory Capital Management Inc.'s holdings in Zurn Elkay Water Solutions were worth $18,732,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC purchased a new position in Zurn Elkay Water Solutions during the second quarter valued at $42,000. Point72 Hong Kong Ltd purchased a new position in shares of Zurn Elkay Water Solutions in the first quarter valued at about $64,000. Arlington Partners LLC purchased a new position in shares of Zurn Elkay Water Solutions in the second quarter valued at about $116,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Zurn Elkay Water Solutions by 21.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 4,341 shares of the company's stock valued at $106,000 after acquiring an additional 766 shares in the last quarter. Finally, Natixis Investment Managers International purchased a new position in shares of Zurn Elkay Water Solutions in the second quarter valued at about $137,000. 74.65% of the stock is currently owned by hedge funds and other institutional investors.

Zurn Elkay Water Solutions Price Performance

NYSE:ZWS opened at $21.21 on Thursday. The company has a current ratio of 2.44, a quick ratio of 1.22 and a debt-to-equity ratio of 0.33. Zurn Elkay Water Solutions Co. has a 12 month low of $20.10 and a 12 month high of $36.82. The business's 50-day moving average is $22.77 and its 200 day moving average is $25.43.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. KeyCorp lowered their price objective on Zurn Elkay Water Solutions from $32.00 to $28.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 18th. Oppenheimer lowered their price objective on Zurn Elkay Water Solutions from $30.00 to $28.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 21st. Robert W. Baird downgraded Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $27.00 to $26.00 in a research report on Tuesday, December 20th. Mizuho lowered their price objective on Zurn Elkay Water Solutions from $31.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, January 13th. Finally, Stifel Nicolaus decreased their target price on Zurn Elkay Water Solutions from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, January 20th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Zurn Elkay Water Solutions has an average rating of "Moderate Buy" and an average price target of $27.50.

About Zurn Elkay Water Solutions

(Get Rating)

Zurn Elkay Water Solutions Corporation designs, procures, manufactures, and markets water system solutions that provide and enhance water quality, safety, flow control, and conservation in and around non-residential buildings. It offers finish plumbing, drainage and interceptors, water control and backflow, fire protection, PEX pipe fittings and accessories, and repair parts under the Zurn brand name; and hand and hair dryers, and baby changing stations under the World Dryer brand name.

Recommended Stories

• Get a free copy of the StockNews.com research report on Zurn Elkay Water Solutions (ZWS)
• AMD Is Still One Of The Best Semiconductor Stocks Out There
• Two Dividend Kings: Johnson & Johnson or Abbott Laboratories?
• Is The Bottom In For Cyber-Security Stocks?
• Union Pacific, Norfolk Southern Pull into Buying Zone
• Pliant Therapeutics Gaps 34% Higher: More Upside To Come?

Want to see what other hedge funds are holding ZWS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Zurn Elkay Water Solutions Co. (NYSE:ZWS – Get Rating).

Receive News & Ratings for Zurn Elkay Water Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zurn Elkay Water Solutions and related companies with MarketBeat.com's FREE daily email newsletter.