Mitsubishi UFJ Asset Management UK Ltd. Has $3.41 Million Stake in Xylem Inc (XYL)
Mitsubishi UFJ Asset Management UK Ltd. grew its stake in shares of Xylem Inc (NYSE:XYL) by 22.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 50,000 shares of the industrial products company’s stock after buying an additional 9,000 shares during the quarter. Xylem comprises approximately 2.5% of Mitsubishi UFJ Asset Management UK Ltd.’s holdings, making the stock its 14th largest holding. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Xylem were worth $3,410,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in XYL. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Xylem by 0.9% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 197,184 shares of the industrial products company’s stock valued at $12,349,000 after acquiring an additional 1,670 shares in the last quarter. Clinton Group Inc. purchased a new position in Xylem during the 2nd quarter valued at $3,292,000. Highbridge Capital Management LLC purchased a new position in Xylem during the 3rd quarter valued at $254,000. Patten Group Inc. boosted its holdings in Xylem by 295.6% during the 3rd quarter. Patten Group Inc. now owns 127,490 shares of the industrial products company’s stock valued at $2,009,000 after acquiring an additional 95,259 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in Xylem by 0.8% during the 2nd quarter. New York State Common Retirement Fund now owns 560,722 shares of the industrial products company’s stock valued at $31,081,000 after acquiring an additional 4,499 shares during the period. 85.27% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on XYL shares. Seaport Global Securities restated a “buy” rating on shares of Xylem in a report on Wednesday, November 1st. Zacks Investment Research upgraded Xylem from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Thursday, October 5th. Cowen restated a “buy” rating and set a $70.00 price objective on shares of Xylem in a report on Thursday, September 21st. Oppenheimer reiterated a “buy” rating on shares of Xylem in a report on Tuesday, October 31st. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Xylem in a report on Friday, December 15th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Xylem currently has a consensus rating of “Buy” and a consensus price target of $65.92.
Xylem (NYSE:XYL) last announced 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 return on equity of 17.74% and a net margin of 6.85%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The company’s revenue was up 33.2% on a year-over-year basis. equities analysts expect that Xylem Inc will post 2.39 earnings per share for the current year.
In other Xylem news, Director Steven R. Loranger sold 17,139 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $68.10, for a total transaction of $1,167,165.90. Following the transaction, the director now owns 26,150 shares in the company, valued at $1,780,815. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Colin R. Sabol sold 38,070 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $65.81, for a total value of $2,505,386.70. Following the transaction, the insider now owns 61,979 shares in the company, valued at approximately $4,078,837.99. The disclosure for this sale can be found here. Insiders have sold 150,777 shares of company stock worth $10,097,757 in the last quarter. 0.75% of the stock is currently owned by company insiders.
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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