Primo Water Co. (NYSE:PRMW) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its position in Primo Water Co. (NYSE:PRMW) by 38.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,925 shares of the company’s stock after selling 15,367 shares during the period. Vontobel Holding Ltd.’s holdings in Primo Water were worth $629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its stake in Primo Water by 13.0% during the 4th quarter. Wellington Management Group LLP now owns 2,713,866 shares of the company’s stock valued at $40,844,000 after acquiring an additional 312,815 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Primo Water by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 12,159,661 shares of the company’s stock valued at $183,003,000 after purchasing an additional 248,774 shares in the last quarter. CWM LLC increased its holdings in shares of Primo Water by 36.0% in the first quarter. CWM LLC now owns 2,384 shares of the company’s stock valued at $43,000 after purchasing an additional 631 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Primo Water by 2.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,703,385 shares of the company’s stock worth $67,439,000 after buying an additional 100,702 shares in the last quarter. Finally, Tobam boosted its stake in Primo Water by 4.4% during the first quarter. Tobam now owns 16,780 shares of the company’s stock worth $306,000 after buying an additional 705 shares during the last quarter. 87.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Raymond James lowered Primo Water from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $30.00 target price on shares of Primo Water in a research note on Tuesday, October 1st. Finally, StockNews.com cut shares of Primo Water from a “buy” rating to a “hold” rating in a research note on Sunday, October 13th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Primo Water currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.83.

Primo Water Trading Down 0.5 %

Shares of PRMW stock opened at $27.52 on Tuesday. Primo Water Co. has a 1-year low of $12.92 and a 1-year high of $27.81. The firm has a market cap of $4.43 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 1.89 and a beta of 1.11. The company has a 50-day moving average of $24.08 and a two-hundred day moving average of $22.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.18 and a quick ratio of 2.07.

Primo Water (NYSE:PRMW) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The firm had revenue of $485.00 million during the quarter, compared to analysts’ expectations of $477.40 million. Primo Water had a net margin of 12.61% and a return on equity of 8.94%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.22 EPS. On average, analysts predict that Primo Water Co. will post 0.88 EPS for the current year.

Primo Water Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a dividend yield of 1.3%. Primo Water’s dividend payout ratio is presently 22.36%.

Primo Water Company Profile

Primo Water Corporation provides pure-play water solutions for residential and commercial customers. It offers bottled water, water dispensers, purified bottled water, self-service refill drinking water, premium spring, mineral water, sparkling and flavored essence water, filtration units, and coffee.