Allspring Global Investments Holdings LLC Decreases Stake in Zurn Elkay Water Solutions Co.
July 6, 2023
☀️Trending News
Allspring Global Investments Holdings LLC has recently decreased its stake in Zurn Elkay Water ($NYSE:ZWS) Solutions Co. This move comes at a time when the company is continuing to grow and expand its product offerings. Zurn Elkay Water Solutions Co. is a water solutions provider offering products and services for residential, commercial, and industrial applications. The company specializes in water treatment and filtration systems, pumps and controls, pipes and fittings, tanks and storage, and other products. They also provide services such as custom solutions, plumbing repairs and installation, wet area construction, and emergency response. By decreasing their stake, the company will be able to reinvest in areas they see the most potential for growth.
This investment strategy will allow them to continue to provide quality products and services to their customers while also expanding their reach into new markets. With their commitment to providing quality products and services, Zurn Elkay Water Solutions Co. has become a leader in the industry and a trusted partner to businesses looking for reliable water solutions. Through their continued innovation and investment in new technologies, they are sure to remain at the forefront of the industry for years to come.
Share Price
On Monday, ZURN ELKAY WATER SOLUTIONS Co. experienced a slight decrease in its stock price when it opened at $26.6 and closed at $26.8, 0.4% lower than the previous closing price of 26.9. The exact size or amount of the stake is not known, but it was enough to impact the stock price of the company. This news has sparked some speculation among investors about the future of ZURN ELKAY WATER SOLUTIONS Co. and its potential for long-term success. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ZWS. More…
| Total Revenues | Net Income | Net Margin |
| 1.41k | 54.3 | 4.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ZWS. More…
| Operations | Investing | Financing |
| 155.9 | -47.3 | -106.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ZWS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.81k | 1.21k | 9.13 |
Key Ratios Snapshot
Some of the financial key ratios for ZWS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -11.7% | -27.7% | 7.6% |
| FCF Margin | ROE | ROA |
| 10.2% | 4.2% | 2.4% |
Analysis
At GoodWhale, we provide investors with a comprehensive analysis of ZURN ELKAY WATER SOLUTIONS’ fundamentals. Our Star Chart categorizes the company as a ‘Rhino’, which we define as companies that have achieved moderate revenue or earnings growth. This makes ZURN ELKAY WATER SOLUTIONS a compelling investment opportunity for investors who prioritize long-term stability over short-term growth potential. The company is strong in profitability, medium in dividend, and weak in asset growth. Our analysis found that ZURN ELKAY WATER SOLUTIONS has a health score of 8/10, suggesting that it is capable of sustaining future operations even in times of crisis. With its strong financial health, ZURN ELKAY WATER SOLUTIONS is an attractive option for investors who prioritize sound investments and long-term stability. More…
Peers
In the water treatment industry, Zurn Water Solutions Corp competes with Maezawa Industries Inc, Quest Water Global Inc, and Messaben Corp. While each company offers a different range of products and services, they all compete to provide the best possible solution for their customers.
– Maezawa Industries Inc ($TSE:6489)
Maezawa Industries Inc is a Japanese company with a market cap of 11.04B as of 2022. The company has a Return on Equity of 8.06%. Maezawa Industries Inc is involved in the manufacturing of automotive parts and components. The company has a strong presence in the Japanese market and is expanding its operations globally.
– Quest Water Global Inc ($OTCPK:QWTR)
AquaVenture is a global provider of water-as-a-service solutions that enable customers to conserve, collect, and reuse water. The company’s Return on Equity (ROE) is 9.24%. Its market capitalization is 15.96M as of 2022. AquaVenture’s water-as-a-service solutions include water conservation, water collection, and water reuse. The company’s technology enables customers to reduce their water consumption, collect rainwater, and reuse greywater. AquaVenture’s customers include residential, commercial, and industrial customers.
– Messaben Corp ($OTCPK:MSBN)
Messaben Corp is a Canadian company that operates in the telecommunications industry. The company has a market capitalization of 201.3 million as of 2022 and a return on equity of -23.59%. Messaben Corp is a provider of wireless communication services and products. The company offers voice, data, and messaging services to residential and business customers in Canada.
Summary
Allspring Global Investments Holdings LLC recently reduced its stake in Zurn Elkay Water Solutions Co. After conducting an in-depth investing analysis, the company concluded that it would be prudent to lower its holdings in the company. As a result, the company has seen a decrease in its stock value over the past few months. Furthermore, analysis of the company’s financials indicates that there is potential for further decline in the stock price. As such, investors should be cautious when considering their involvement in Zurn Elkay Water Solutions, as its future prospects remain uncertain.
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