Knights of Columbus Asset Advisors LLC increased its holdings in shares of Primo Water Co. (NYSE:PRMW - Free Report) by 94.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 306,743 shares of the company's stock after acquiring an additional 149,075 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.19% of Primo Water worth $4,616,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Ancora Advisors LLC bought a new stake in Primo Water in the 1st quarter valued at $36,000. PNC Financial Services Group Inc. boosted its stake in Primo Water by 26.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,126 shares of the company's stock valued at $52,000 after purchasing an additional 853 shares during the period. Point72 Middle East FZE bought a new stake in Primo Water in the 4th quarter valued at $54,000. Advisor Group Holdings Inc. boosted its stake in Primo Water by 209.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 5,825 shares of the company's stock valued at $90,000 after purchasing an additional 3,945 shares during the period. Finally, Nomura Asset Management Co. Ltd. bought a new stake in Primo Water in the 3rd quarter valued at $102,000. 87.71% of the stock is owned by institutional investors and hedge funds.
Primo Water Price Performance
Shares of PRMW stock traded up $0.31 on Friday, hitting $18.43. 815,422 shares of the company's stock were exchanged, compared to its average volume of 919,824. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.03 and a quick ratio of 1.92. Primo Water Co. has a 12 month low of $12.27 and a 12 month high of $18.49. The stock has a market cap of $2.96 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 1.71 and a beta of 1.12. The company has a 50 day moving average of $17.00 and a 200 day moving average of $15.35.
Primo Water (NYSE:PRMW - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.10). Primo Water had a return on equity of 8.55% and a net margin of 10.82%. The business had revenue of $438.70 million for the quarter, compared to the consensus estimate of $582.93 million. On average, equities research analysts predict that Primo Water Co. will post 0.82 EPS for the current year.
Primo Water Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Friday, March 8th were given a dividend of $0.09 per share. This is an increase from Primo Water's previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, March 7th. Primo Water's dividend payout ratio is currently 24.16%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. StockNews.com downgraded Primo Water from a "strong-buy" rating to a "buy" rating in a research note on Sunday, February 18th. TD Securities cut their target price on Primo Water from $26.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, January 11th. JPMorgan Chase & Co. upped their target price on Primo Water from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Tuesday, February 20th. Finally, Raymond James downgraded Primo Water from a "strong-buy" rating to an "outperform" rating and set a $21.00 target price for the company. in a research report on Wednesday, April 3rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $20.75.
Read Our Latest Report on PRMW
Primo Water Profile
(
Free Report)
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.
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