Swiss National Bank Sells 900 Shares of Primo Water Co. (NYSE:PRMW)

Swiss National Bank lessened its holdings in shares of Primo Water Co. (NYSE:PRMW) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 315,148 shares of the company’s stock after selling 900 shares during the quarter. Swiss National Bank’s holdings in Primo Water were worth $7,963,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co grew its holdings in Primo Water by 255.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 52,111 shares of the company’s stock valued at $945,000 after purchasing an additional 37,465 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Primo Water by 14.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 44,766 shares of the company’s stock valued at $816,000 after purchasing an additional 5,670 shares during the last quarter. Bayesian Capital Management LP acquired a new position in Primo Water during the first quarter valued at approximately $235,000. Jane Street Group LLC grew its holdings in Primo Water by 170.4% during the first quarter. Jane Street Group LLC now owns 619,811 shares of the company’s stock valued at $11,287,000 after purchasing an additional 390,611 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in Primo Water by 471.2% during the first quarter. Tidal Investments LLC now owns 66,149 shares of the company’s stock valued at $1,205,000 after purchasing an additional 54,569 shares during the last quarter. Institutional investors own 87.71% of the company’s stock.

Primo Water Stock Down 0.9 %

PRMW opened at $24.21 on Tuesday. Primo Water Co. has a fifty-two week low of $14.06 and a fifty-two week high of $28.06. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.18 and a quick ratio of 2.07. The firm’s fifty day moving average price is $25.54 and its two-hundred day moving average price is $23.23. The company has a market capitalization of $3.88 billion, a P/E ratio of 15.04, a P/E/G ratio of 1.78 and a beta of 1.10.

Primo Water Dividend Announcement

The firm also recently declared a — dividend, which was paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th were paid a dividend of $0.82 per share. The ex-dividend date was Tuesday, November 5th. This represents a yield of 1.3%. Primo Water’s dividend payout ratio is currently 22.36%.

Analyst Ratings Changes

Several brokerages have commented on PRMW. StockNews.com began coverage on Primo Water in a report on Tuesday. They set a “buy” rating on the stock. William Blair assumed coverage on shares of Primo Water in a research note on Thursday, October 24th. They issued an “outperform” rating on the stock. Raymond James downgraded shares of Primo Water from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $30.00 price objective on shares of Primo Water in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $25.83.

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.