SCHEDULE 13G/A: Impax Asset Management Discloses 2.2% Passive Stake in Zurn Elkay Water Solutions

Impax Asset Management Group plc has filed an amended Schedule 13G, reporting a 2.2% beneficial ownership stake in Zurn Elkay Water Solutions Corporation as of December 31, 2024.

Summary

• Impax Asset Management Group plc, a UK-based entity, reported beneficial ownership of 3,726,264 shares of Zurn Elkay Water Solutions Corporation's common stock.
• This ownership represents 2.2% of the class of securities.
• The filing indicates that Impax Asset Management Group plc holds sole voting and sole dispositive power over all 3,726,264 shares.
• Subsidiaries, Impax Asset Management LTD and Impax Asset Management (AIFM) Ltd, also reported beneficial ownership of 3,691,581 shares (2.1%) and 34,683 shares (0.1%) respectively, which are aggregated under the parent company's total.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, providing neutral information without expressing positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine disclosure of passive beneficial ownership by an asset management firm, indicating a standard investment position in Zurn Elkay Water Solutions Corporation within the broader investment management industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's passive stake in the company.

Key Dates

Keywords

Schedule 13G, beneficial ownership, Zurn Elkay Water Solutions Corporation, Impax Asset Management Group plc, common stock, passive investment, SEC filing