Xylem Inc (XYL) Shares Sold by Magnetar Financial LLC

Magnetar Financial LLC lessened its holdings in Xylem Inc (NYSE:XYL) by 47.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,779 shares of the industrial products company’s stock after selling 6,920 shares during the quarter. Magnetar Financial LLC’s holdings in Xylem were worth $487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. NGAM Advisors L.P. grew its position in shares of Xylem by 57.5% during the 2nd quarter. NGAM Advisors L.P. now owns 21,669 shares of the industrial products company’s stock worth $1,201,000 after buying an additional 7,911 shares in the last quarter. Retirement Systems of Alabama grew its position in shares of Xylem by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 87,134 shares of the industrial products company’s stock worth $4,830,000 after buying an additional 381 shares in the last quarter. Global X Management Co. LLC grew its position in shares of Xylem by 19.7% during the 2nd quarter. Global X Management Co. LLC now owns 6,041 shares of the industrial products company’s stock worth $335,000 after buying an additional 993 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Xylem by 4.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 785,143 shares of the industrial products company’s stock worth $43,521,000 after buying an additional 34,064 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of Xylem by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 44,600 shares of the industrial products company’s stock worth $2,472,000 after buying an additional 200 shares in the last quarter. 85.57% of the stock is currently owned by institutional investors.

Shares of Xylem Inc (XYL) traded down $0.05 during midday trading on Thursday, hitting $67.49. The company had a trading volume of 979,600 shares, compared to its average volume of 1,198,161. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.88. The stock has a market cap of $12,130.18, a PE ratio of 29.49, a P/E/G ratio of 1.88 and a beta of 1.17. Xylem Inc has a 1 year low of $46.67 and a 1 year high of $69.88.

Xylem (NYSE:XYL) last issued its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.65 earnings per share for the quarter, topping 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 firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business posted $0.54 EPS. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. analysts predict that Xylem Inc will post 2.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 6th. Shareholders of record on Thursday, November 2nd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Wednesday, November 1st. Xylem’s dividend payout ratio (DPR) is presently 41.86%.

In other Xylem news, Director Steven R. Loranger sold 37,700 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $66.25, for a total value of $2,497,625.00. Following the completion of the sale, the director now directly owns 58,831 shares in the company, valued at $3,897,553.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Curtis J. Crawford sold 7,500 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $66.44, for a total value of $498,300.00. Following the completion of the sale, the director now owns 52,385 shares of the company’s stock, valued at $3,480,459.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,466 shares of company stock valued at $5,514,685. 0.75% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on XYL. Canaccord Genuity reissued a “hold” rating and set a $65.00 price target on shares of Xylem in a research report on Wednesday, November 1st. Oppenheimer upped their price objective on Xylem from $66.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. BMO Capital Markets upped their price objective on Xylem from $74.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 1st. Stifel Nicolaus restated a “hold” rating and set a $63.00 price objective on shares of Xylem in a research note on Tuesday, September 5th. Finally, Boenning Scattergood restated an “outperform” rating on shares of Xylem in a research note on Tuesday, September 5th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $65.17.

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Xylem 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.

Institutional Ownership by Quarter for Xylem (NYSE:XYL)

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