Xylem Inc (NYSE:XYL) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 5,150,000 shares, a growth of 20.3% from the August 30th total of 4,280,000 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average trading volume of 723,000 shares, the short-interest ratio is presently 7.1 days.
Shares of Xylem stock traded down $0.15 during midday trading on Monday, hitting $77.48. The company had a trading volume of 28,354 shares, compared to its average volume of 762,093. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.08 and a current ratio of 1.47. The stock has a market capitalization of $13.58 billion, a P/E ratio of 26.90, a P/E/G ratio of 1.45 and a beta of 1.19. The company has a 50 day moving average of $76.92 and a 200 day moving average of $78.95. Xylem has a 52-week low of $60.65 and a 52-week high of $85.39.
Xylem (NYSE:XYL) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. Xylem had a return on equity of 19.23% and a net margin of 10.90%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the business posted $0.73 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts forecast that Xylem will post 3.16 EPS for the current year.
XYL has been the topic of several recent research reports. Zacks Investment Research downgraded Xylem from a “hold” rating to a “sell” rating and set a $82.00 price target on the stock. in a research note on Monday. Jefferies Financial Group initiated coverage on Xylem in a research note on Friday, September 20th. They issued a “buy” rating and a $90.00 price target on the stock. Credit Suisse Group downgraded Xylem from an “outperform” rating to a “neutral” rating in a research note on Friday, August 2nd. Finally, ValuEngine downgraded Xylem from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $79.92.
In other news, insider Kenneth Napolitano sold 5,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $75.23, for a total value of $376,150.00. Following the completion of the transaction, the insider now owns 46,228 shares of the company’s stock, valued at approximately $3,477,732.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Colin R. Sabol sold 4,099 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $78.37, for a total value of $321,238.63. Following the completion of the transaction, the senior vice president now directly owns 33,518 shares of the company’s stock, valued at approximately $2,626,805.66. The disclosure for this sale can be found here. Insiders sold a total of 19,099 shares of company stock valued at $1,464,339 in the last three months. Corporate insiders own 0.85% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of XYL. Nuveen Asset Management LLC boosted its stake in Xylem by 10,814.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 562,211 shares of the industrial products company’s stock valued at $47,024,000 after purchasing an additional 557,060 shares during the last quarter. Carlson Capital L P purchased a new stake in Xylem during the 2nd quarter valued at $33,456,000. DekaBank Deutsche Girozentrale boosted its stake in Xylem by 93.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 821,004 shares of the industrial products company’s stock valued at $67,272,000 after purchasing an additional 396,185 shares during the last quarter. Keybank National Association OH boosted its stake in Xylem by 520.4% during the 2nd quarter. Keybank National Association OH now owns 259,849 shares of the industrial products company’s stock valued at $21,734,000 after purchasing an additional 217,968 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in Xylem by 12.1% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 1,966,002 shares of the industrial products company’s stock valued at $486,505,000 after purchasing an additional 211,944 shares during the last quarter. Institutional investors and hedge funds own 84.55% of the company’s stock.
Xylem Inc engages in the design, manufacture, and servicing of engineered products and solutions for the water and wastewater applications. It operates in three segments: Water Infrastructure, Applied Water, and Measurement & Control Solutions. The Water Infrastructure segment offers various products, including water and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment under the Flygt, Godwin, Wedeco, Sanitaire, and Leopold names for the transportation and treatment of water.
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