GSA Capital Partners LLP acquired a new stake in shares of Xylem Inc (NYSE:XYL) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,711 shares of the industrial products company’s stock, valued at approximately $420,000.
Other hedge funds also recently bought and sold shares of the company. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Xylem by 0.9% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 197,184 shares of the industrial products company’s stock worth $12,349,000 after purchasing an additional 1,670 shares in the last quarter. Clinton Group Inc. bought a new stake in shares of Xylem in the 2nd quarter worth $3,292,000. Swiss National Bank increased its holdings in shares of Xylem by 2.9% in the 2nd quarter. Swiss National Bank now owns 653,822 shares of the industrial products company’s stock worth $36,241,000 after purchasing an additional 18,200 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Xylem by 17.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,727,985 shares of the industrial products company’s stock worth $151,210,000 after purchasing an additional 396,854 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Xylem by 17.0% in the 2nd quarter. Schroder Investment Management Group now owns 155,573 shares of the industrial products company’s stock worth $8,541,000 after purchasing an additional 22,568 shares in the last quarter. 85.04% of the stock is owned by institutional investors.
A number of research firms have commented on XYL. Oppenheimer lifted their target price on Xylem from $66.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, November 1st. Royal Bank of Canada reissued a “buy” rating and issued a $80.00 target price on shares of Xylem in a report on Thursday. Cowen reissued a “buy” rating and issued a $70.00 target price on shares of Xylem in a report on Thursday, September 21st. Canaccord Genuity reissued a “hold” rating and issued a $65.00 target price on shares of Xylem in a report on Wednesday, November 1st. Finally, Seaport Global Securities restated a “buy” rating on shares of Xylem in a research note on Wednesday, November 1st. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $65.92.
Xylem (NYSE:XYL) last released its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.18 billion. Xylem had a return on equity of 17.74% and a net margin of 6.85%. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. research analysts predict that Xylem Inc will post 2.39 earnings per share for the current year.
In related news, Director Steven R. Loranger sold 17,139 shares of Xylem stock in a transaction 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 directly owns 26,150 shares in the company, valued at $1,780,815. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the insider now owns 10,975 shares in the company, valued at $743,556.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 150,777 shares of company stock worth $10,097,757. Company insiders own 0.75% of the company’s stock.
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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