According to the most recent disclosure that Cubist Systematic Strategies LLC has made with the SEC, the amount of Zurn Elkay Water Solutions Co. (NYSE: ZWS) that it owned was reduced by 11.9% during the third quarter of 2018. Cubist Systematic Strategies LLC provided this information. Following the completion of the term, the fund held a total of 65,933 of the company’s shares, having previously sold 8,940 of those shares. Cubist Systematic Strategies LLC was the owner of Zurn Elkay Water Solutions to the tune of $1,615,000 as of the end of the most recent financial quarter.
Not too long ago, several additional hedge funds made recent adjustments to their company stock holdings. During the second quarter, Larson Financial Group LLC acquired a new holding investment in Zurn Elkay Water Solutions for $42,000. The company made this investment. Point72 Hong Kong Ltd. invested approximately $64,000 in Zurn Elkay Water Solutions during the first three months of 2018 to increase its ownership stake in the company. Benjamin F. Edwards & Company, Inc. increased the percentage of Zurn Elkay Water Solutions shares that it owned by 21.4% during the third quarter. Benjamin F. Edwards & Company, Inc. now has a total of 4,341 shares of the company’s stock, which are collectively worth a total of $106,000. This is a result of the company’s purchase of 766 additional shares during the preceding quarter. The value of Arlington Partners LLC’s investment in Zurn Elkay Water Solutions increased by 116 thousand dollars during the second quarter of the fiscal year. Natixis Investment Managers International shelled out a total of $137,000 during the second quarter of 2018 to purchase a new position in Zurn Elkay Water Solutions. This concludes the news, but it isn’t the least important part. Institutional investors own the company’s stock to the extent that these investors hold 74.65% of the total.
On Friday, the price of Zurn Elkay Water Solutions ended the day at $20.39, reflecting a decrease of $0.05 from the previous day’s opening price. Today, there were 67,679 transactions in the company’s stock, which is significantly lower than the daily volume of 1,315,386 shares that the company typically trades,679 transactions in the company’s stock, which is significantly lower than the daily volume of 1,315,386 shares that the company typically trades. The price-to-earnings ratio for the company is -185.36; the price-to-growth ratio is 1.41; and the beta value for the company is 1.27. The company’s total value, as determined by the market, is $3.63 billion. The ratio of the current ratio to the quick ratio is 1.22, while the ratio of the current ratio to the quick ratio is 2.44. The ratio of debt to equity is 0.33. The average price for Zurn Elkay Water Solutions Co. over the past 50 days is $22.96, and the average price over the last 200 days is $25.63. The stock price has hit a high of $36.82 since the beginning of the year and a low of $20.30 since the beginning.
On October 25, 2018, Zurn Elkay Water Solutions (NYSE: ZWS) disclosed the results of its most recent quarterly operations. The company reported quarterly earnings of $0.26 per share, which was $0.02 higher than analysts’ consensus estimate of $0.24 per share. The revenue for the quarter came in at $417.70 million, whereas the consensus estimate among industry analysts was for sales of $420.47 million for the quarter. Zurn Elkay Water Solutions had a healthy return on equity, coming in at 26.79%, but the company’s net margin was negative at 1.61%. Research companies predict that Zurn Elkay Water Solutions Co. will generate $0.96 in earnings per share this year.
Recently, reports on ZWS have been published by a few different brokerage companies. These papers are available to view on their respective websites. In a research note published on Friday, Stifel Nicolaus removed their “buy” recommendation for Zurn Elkay Water Solutions shares and reduced their price objective for those shares from $28.00 to $25.00. Both of these changes were made in response to recent market events. In a research note that was released on Wednesday by KeyC