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.
Get Zurn Elkay Water Solutions alerts: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.
Zurn Elkay Water Solutions (NYSE:ZWS – Get Rating) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. Zurn Elkay Water Solutions had a positive return on equity of 26.79% and a negative net margin of 1.61%. The company had revenue of $417.70 million for the quarter, compared to analysts' expectations of $420.47 million. On average, research analysts expect that Zurn Elkay Water Solutions Co. will post 0.95 EPS for the current fiscal year.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
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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.
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