CAPROCK Group Inc. Boosts Stake in Xylem Inc (XYL)
CAPROCK Group Inc. lifted its stake in shares of Xylem Inc (NYSE:XYL) by 29.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,692 shares of the industrial products company’s stock after purchasing an additional 2,870 shares during the quarter. CAPROCK Group Inc.’s holdings in Xylem were worth $894,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Invictus RG acquired a new stake in shares of Xylem during the third quarter worth $104,000. Harfst & Associates Inc. lifted its position in Xylem by 26.1% during the second quarter. Harfst & Associates Inc. now owns 2,433 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 503 shares during the period. Tower Research Capital LLC TRC acquired a new position in Xylem during the second quarter valued at $168,000. FNY Partners Fund LP lifted its position in Xylem by 2,700.0% during the third quarter. FNY Partners Fund LP now owns 2,800 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 2,700 shares during the period. Finally, Federated Investors Inc. PA lifted its position in Xylem by 5.8% during the second quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 85.27% of the company’s stock.
XYL has been the subject of a number of research reports. Seaport Global Securities restated a “buy” rating on shares of Xylem in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Xylem from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research report on Thursday, October 5th. Cowen restated a “buy” rating and set a $70.00 target price on shares of Xylem in a research report on Thursday, September 21st. Oppenheimer restated a “buy” rating on shares of Xylem in a research report on Tuesday, October 31st. Finally, Boenning Scattergood restated a “buy” rating on shares of Xylem in a research report on Friday, December 15th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Xylem has an average rating of “Buy” and an average target price of $65.92.
Xylem Inc (NYSE:XYL) traded up $0.08 on Wednesday, reaching $70.54. 940,000 shares of the company’s stock were exchanged, compared to its average volume of 781,570. Xylem Inc has a one year low of $46.67 and a one year high of $71.49. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $12,760.00, a PE ratio of 41.01, a price-to-earnings-growth ratio of 1.67 and a beta of 1.18.
Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. Xylem had a net margin of 6.85% and a return on equity of 17.74%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company earned $0.54 earnings per share. The firm’s revenue for the quarter was up 33.2% on a year-over-year basis. analysts predict that Xylem Inc will post 2.39 earnings per share for the current year.
In other Xylem news, insider Tomas Brannemo sold 2,260 shares of Xylem stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $67.75, for a total value of $153,115.00. Following the completion of the transaction, the insider now owns 10,975 shares of the company’s stock, valued at $743,556.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Colin R. Sabol sold 38,070 shares of Xylem stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $65.81, for a total transaction of $2,505,386.70. Following the completion of the transaction, the insider now directly owns 61,979 shares of the company’s stock, valued at approximately $4,078,837.99. The disclosure for this sale can be found here. Insiders sold 150,777 shares of company stock valued at $10,097,757 in the last ninety days. 0.75% of the stock is owned by corporate insiders.
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Xylem Company Profile
Xylem Inc is a water technology company. The Company designs, manufactures and services engineered solutions across a range of critical applications. It is an equipment and service provider for water and wastewater applications with a portfolio of products and services addressing the cycle of water, from collection, distribution and use to the return of water to the environment.
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