Jag Capital Management LLC Buys New Stake in Xylem Inc (XYL)

Jag Capital Management LLC bought a new position in shares of Xylem Inc (NYSE:XYL) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 124,094 shares of the industrial products company’s stock, valued at approximately $9,809,000. Xylem accounts for approximately 1.6% of Jag Capital Management LLC’s holdings, making the stock its 28th biggest holding. Jag Capital Management LLC owned about 0.07% of Xylem at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Halsey Associates Inc. CT acquired a new position in shares of Xylem during the 4th quarter worth about $626,000. Pathlight Investors LLC acquired a new position in shares of Xylem during the 4th quarter worth about $325,000. Rehmann Capital Advisory Group grew its position in shares of Xylem by 7,887.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 15,974 shares of the industrial products company’s stock worth $200,000 after buying an additional 15,774 shares during the period. Hotaling Investment Management LLC acquired a new position in shares of Xylem during the 4th quarter worth about $1,111,000. Finally, AQR Capital Management LLC grew its position in shares of Xylem by 39.2% during the 3rd quarter. AQR Capital Management LLC now owns 109,228 shares of the industrial products company’s stock worth $8,724,000 after buying an additional 30,737 shares during the period. Institutional investors own 87.11% of the company’s stock.

In other Xylem news, insider Colin R. Sabol sold 15,930 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $80.45, for a total transaction of $1,281,568.50. Following the completion of the transaction, the insider now owns 54,543 shares of the company’s stock, valued at approximately $4,387,984.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Tomas Brannemo sold 2,621 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $75.05, for a total value of $196,706.05. Following the transaction, the senior vice president now directly owns 12,774 shares of the company’s stock, valued at approximately $958,688.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,195 shares of company stock valued at $6,000,933. Insiders own 0.81% of the company’s stock.

Shares of XYL traded down $0.50 on Monday, hitting $81.87. The company’s stock had a trading volume of 875,104 shares, compared to its average volume of 879,013. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.08 and a current ratio of 1.51. Xylem Inc has a fifty-two week low of $60.65 and a fifty-two week high of $82.64. The firm has a market capitalization of $14.66 billion, a PE ratio of 28.43, a P/E/G ratio of 1.39 and a beta of 1.14.

Xylem (NYSE:XYL) last released its quarterly earnings results on Thursday, January 31st. The industrial products company reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. Xylem had a return on equity of 19.89% and a net margin of 10.54%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. Equities research analysts predict that Xylem Inc will post 3.32 EPS for the current fiscal year.

Several research firms have recently issued reports on XYL. Janney Montgomery Scott lowered Xylem from a “buy” rating to a “neutral” rating in a research report on Friday, March 29th. Zacks Investment Research lowered Xylem from a “buy” rating to a “hold” rating in a research report on Saturday, February 9th. Oppenheimer set a $80.00 price objective on Xylem and gave the company a “buy” rating in a research report on Monday, February 4th. Stifel Nicolaus upgraded Xylem from a “hold” rating to a “buy” rating and boosted their price objective for the company from $72.00 to $75.00 in a research report on Wednesday, December 19th. Finally, ValuEngine lowered Xylem from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. Xylem currently has an average rating of “Buy” and an average target price of $78.36.

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Xylem Profile

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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Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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