In a recent transaction, Aimee Katz, a significant shareholder of Zurn Elkay Water Solutions Corp (NYSE:ZWS), sold 249,582 shares of company stock. The sale was executed at an average price of $32.04 per share, totaling approximately $7,996,607. The shares were sold in multiple transactions with prices ranging from $31.90 to $32.19.
Following the sale, Katz’s holdings in Zurn Elkay Water Solutions Corp have been adjusted, with direct and indirect ownership across various trusts and entities. According to the footnotes in the filing, Katz may be deemed to beneficially own the shares held by Ice Mountain LLC, Katz New VBA Trust, and Katz Voting Stock Trust, among others. However, Katz has disclaimed beneficial interest in these shares, except to the extent of her pecuniary interest.
Zurn Elkay Water Solutions Corp, a company specializing in water solutions and industrial machinery, has seen its shares being actively traded by insiders, reflecting significant transactions that are closely watched by investors.
Investors and market watchers often pay close attention to insider transactions as they can provide insights into the company's performance and insiders' views on the stock's value. The sale by Katz represents a notable change in her investment position, and the details provided in the filing offer transparency regarding the transactions and the prices at which the stock was sold.
The filing with the Securities and Exchange Commission is a standard disclosure for insider transactions, and it provides the public with detailed information about the trades made by company insiders. As per the filing, Aimee Katz has completed the necessary documentation for this transaction on April 23, 2024.
For those interested in the ongoing financial movements of Zurn Elkay Water Solutions Corp, keeping an eye on insider transactions can be an important part of understanding the company's financial health and the confidence insiders have in the firm's future prospects.
InvestingPro Insights
Zurn Elkay Water Solutions Corp (NYSE:ZWS) has been a topic of interest among investors, especially following significant insider transactions. To provide a clearer picture of ZWS's financial health and future prospects, let's delve into some key metrics and insights from InvestingPro.
One notable InvestingPro Tip for ZWS is the company's perfect Piotroski Score of 9, suggesting strong financial health and operational efficiency. Additionally, analysts have a positive outlook, predicting that ZWS will be profitable this year, which aligns with the insider transactions that have caught the market's attention.
Looking at the real-time data from InvestingPro, ZWS boasts a Market Cap of 5530M USD, indicating a substantial company size within its industry. The P/E Ratio stands at 49.27, which may seem high, but it is important to note that the adjusted P/E Ratio for the last twelve months as of Q1 2024 is lower at 39.96. This suggests that investors are willing to pay a premium for ZWS's earnings, possibly due to expected growth. The company's Revenue Growth over the last twelve months as of Q1 2024 is 8.34%, which, while modest, indicates a positive trajectory in its financial performance.
For those looking to dive deeper into Zurn Elkay Water Solutions Corp's financials and insider transactions, InvestingPro offers additional tips and insights. Use the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Pro and Pro+ subscription, and gain access to a wealth of information that could help in making more informed investment decisions. There are 10 more InvestingPro Tips available for ZWS, which can further guide investors in understanding the company's value and potential.
Keeping track of insider transactions such as those by Aimee Katz, alongside the financial metrics and tips from InvestingPro, can provide a comprehensive view of Zurn Elkay Water Solutions Corp's standing in the market and its future outlook.
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