BlueCrest Capital Management Ltd Has $12.72 Million Position in Xylem Inc. (XYL)
BlueCrest Capital Management Ltd boosted its stake in shares of Xylem Inc. (NYSE:XYL) by 2,095.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 229,385 shares of the industrial products company’s stock after purchasing an additional 218,939 shares during the quarter. BlueCrest Capital Management Ltd owned approximately 0.13% of Xylem worth $12,715,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Harfst & Associates Inc. boosted its position in Xylem by 26.1% during the 2nd 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. CENTRAL TRUST Co boosted its position in Xylem by 160.3% during the 2nd quarter. CENTRAL TRUST Co now owns 2,655 shares of the industrial products company’s stock worth $146,000 after acquiring an additional 1,635 shares during the period. FNY Partners Fund LP acquired a new position in Xylem during the 1st quarter worth $151,000. Federated Investors Inc. PA boosted its position in Xylem by 5.8% during the 2nd quarter. Federated Investors Inc. PA now owns 3,286 shares of the industrial products company’s stock worth $182,000 after acquiring an additional 181 shares during the period. Finally, Pacer Advisors Inc. boosted its position in Xylem by 3.4% during the 1st quarter. Pacer Advisors Inc. now owns 3,701 shares of the industrial products company’s stock worth $186,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds own 86.43% of the company’s stock.
Xylem Inc. (NYSE XYL) traded up 0.023% on Friday, reaching $64.485. The company’s stock had a trading volume of 103,147 shares. The company has a market cap of $11.58 billion, a P/E ratio of 41.630 and a beta of 1.17. The stock’s 50 day moving average price is $62.36 and its 200 day moving average price is $55.68. Xylem Inc. has a 12 month low of $45.60 and a 12 month high of $64.80.
Xylem (NYSE:XYL) last released its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.02. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Xylem had a net margin of 6.58% and a return on equity of 17.26%. The business’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 EPS. Equities research analysts forecast that Xylem Inc. will post $2.37 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 20th. Investors of record on Thursday, August 31st were issued a $0.18 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.12%. Xylem’s dividend payout ratio is presently 46.45%.
In other Xylem news, insider Kenneth Napolitano sold 9,052 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $60.16, for a total value of $544,568.32. Following the completion of the sale, the insider now owns 35,303 shares in the company, valued at approximately $2,123,828.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.75% of the company’s stock.
Several brokerages have recently weighed in on XYL. BMO Capital Markets began coverage on Xylem in a report on Wednesday, June 21st. They issued an “outperform” rating and a $60.00 price objective for the company. Canaccord Genuity reaffirmed a “hold” rating and set a $50.00 target price on shares of Xylem in a research report on Friday, July 28th. BidaskClub raised Xylem from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. set a $58.00 price target on Xylem and gave the company a “buy” rating in a research report on Tuesday, June 20th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $71.00 price target (up from $64.00) on shares of Xylem in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $61.46.
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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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