Commerzbank Aktiengesellschaft FI Drastically Reduces Position in Zurn Elkay Water Solutions Co
July 14, 2023
☀️Trending News
Commerzbank Aktiengesellschaft FI has drastically reduced its position in Zurn Elkay Water ($NYSE:ZWS) Solutions Co (ZURN) in the first quarter of this year. The financial institution’s shareholding in the company decreased by 97.8%, leaving Commerzbank Aktiengesellschaft FI with a small stake in ZURN. ZURN is a leading provider of integrated water solutions. It primarily manufactures and distributes plumbing, wastewater, water purification, filtration, and water safety products. ZURN provides efficient and sustainable technologies that save water, energy, and money while promoting clean and safe water for all.
However, the move may signal a change in the organization’s strategy. As investors await further details, it will be interesting to see what the future holds for the company and its shareholders.
Stock Price
On Tuesday, Commerzbank Aktiengesellschaft FI drastically reduced its position in ZURN ELKAY WATER SOLUTIONS Co. This move came as ZURN ELKAY WATER SOLUTIONS stock opened at $27.0 and closed at $27.1, up by 1.5% from the previous day’s closing price of 26.7. It remains to be seen what implications this decision will have on the future of ZURN ELKAY WATER SOLUTIONS Co. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for ZWS. More…
| Total Revenues | Net Income | Net Margin |
| 1.41k | 54.3 | 4.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for ZWS. More…
| Operations | Investing | Financing |
| 155.9 | -47.3 | -106.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for ZWS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.81k | 1.21k | 9.13 |
Key Ratios Snapshot
Some of the financial key ratios for ZWS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -11.7% | -27.7% | 7.6% |
| FCF Margin | ROE | ROA |
| 10.2% | 4.2% | 2.4% |
Analysis
At GoodWhale, we recently conducted an analysis of ZURN ELKAY WATER SOLUTIONS’s wellbeing. Based on our Risk Rating, ZURN ELKAY WATER SOLUTIONS is a high risk investment in terms of financial and business aspects. We have detected two risk warnings in their income sheet, balance sheet. If you would like to see our analysis for ZURN ELKAY WATER SOLUTIONS, please register on goodwhale.com. Our team of experts has thoroughly reviewed every aspect of their financials to give you the best possible advice, making investing smarter and easier. More…
Peers
In the water treatment industry, Zurn Water Solutions Corp competes with Maezawa Industries Inc, Quest Water Global Inc, and Messaben Corp. While each company offers a different range of products and services, they all compete to provide the best possible solution for their customers.
– Maezawa Industries Inc ($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
Commerzbank Aktiengesellschaft FI reduced its position by 97.8%, indicating a potential change in investor sentiment. Further analysis of ZURN ELKAY WATER SOLUTIONS is needed to better understand the current market trends and potential for future investment. Fundamental analysis of the company’s financials, recent news, competitive landscape and long-term strategy should be considered before making an investment decision. Analyzing the company’s performance from an industry perspective may also help investors better judge its potential for future growth.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
