Primo Water Co. (NYSE:PRMW) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in shares of Primo Water Co. (NYSE:PRMW - Free Report) by 35.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,473,607 shares of the company's stock after acquiring an additional 387,595 shares during the period. Russell Investments Group Ltd. owned 0.92% of Primo Water worth $22,180,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Signaturefd LLC boosted its position in shares of Primo Water by 358.1% during the 4th quarter. Signaturefd LLC now owns 2,364 shares of the company's stock valued at $36,000 after acquiring an additional 1,848 shares during the last quarter. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Primo Water in the 3rd quarter valued at approximately $102,000. Aigen Investment Management LP acquired a new stake in shares of Primo Water during the 3rd quarter worth approximately $139,000. Blueshift Asset Management LLC purchased a new stake in shares of Primo Water during the 3rd quarter valued at approximately $159,000. Finally, Gitterman Wealth Management LLC purchased a new position in Primo Water in the third quarter worth approximately $204,000. Institutional investors and hedge funds own 87.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PRMW. TD Securities decreased their price target on Primo Water from $26.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, January 11th. JPMorgan Chase & Co. increased their target price on shares of Primo Water from $19.00 to $21.00 and gave the stock an "overweight" rating in a research note on Thursday. Raymond James downgraded shares of Primo Water from a "strong-buy" rating to an "outperform" rating and set a $21.00 price target on the stock. in a research note on Wednesday, April 3rd. Finally, StockNews.com downgraded shares of Primo Water from a "buy" rating to a "hold" rating in a report on Saturday, April 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $21.25.

Primo Water Stock Up 3.5 %

PRMW traded up $0.66 during trading hours on Thursday, hitting $19.66. 1,436,072 shares of the company's stock were exchanged, compared to its average volume of 1,019,247. The company has a current ratio of 2.03, a quick ratio of 1.92 and a debt-to-equity ratio of 0.88. Primo Water Co. has a 12-month low of $12.27 and a 12-month high of $19.68. The firm has a market cap of $3.16 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 1.78 and a beta of 1.09. The firm has a 50 day moving average of $17.61 and a 200 day moving average of $15.65.

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 (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.10). Primo Water had a net margin of 10.82% and a return on equity of 8.55%. The company had revenue of $438.70 million during the quarter, compared to analyst estimates of $582.93 million. Analysts predict that Primo Water Co. will post 0.82 EPS for the current fiscal year.

Primo Water Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.83%. The ex-dividend date was Thursday, March 7th. This is a boost from Primo Water's previous quarterly dividend of $0.08. Primo Water's payout ratio is 24.16%.

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.