Massachusetts Financial Services Co. MA Has $4.78 Million Holdings in Primo Water Co. (NYSE:PRMW)

Massachusetts Financial Services Co. MA raised its stake in Primo Water Co. (NYSE:PRMW) by 5.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,478 shares of the company’s stock after buying an additional 10,119 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.12% of Primo Water worth $4,784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its position in shares of Primo Water by 0.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,827,623 shares of the company’s stock valued at $96,647,000 after buying an additional 32,875 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Primo Water by 3.2% during the second quarter. Renaissance Technologies LLC now owns 1,595,042 shares of the company’s stock worth $34,868,000 after purchasing an additional 49,500 shares during the period. TD Asset Management Inc lifted its holdings in shares of Primo Water by 27.3% during the 2nd quarter. TD Asset Management Inc now owns 1,401,438 shares of the company’s stock valued at $30,623,000 after purchasing an additional 300,929 shares in the last quarter. Intact Investment Management Inc. grew its position in shares of Primo Water by 43.6% in the 3rd quarter. Intact Investment Management Inc. now owns 1,381,240 shares of the company’s stock valued at $34,849,000 after purchasing an additional 419,370 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Primo Water by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,362,600 shares of the company’s stock valued at $29,788,000 after purchasing an additional 53,241 shares during the period. Institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

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

Primo Water Trading Down 0.9 %

NYSE PRMW opened at $24.21 on Wednesday. The company has a market cap of $3.88 billion, a PE ratio of 15.04, a PEG ratio of 1.78 and a beta of 1.10. Primo Water Co. has a 12 month low of $14.06 and a 12 month high of $28.06. The stock has a 50 day moving average of $25.53 and a 200-day moving average of $23.25. The company has a current ratio of 2.18, a quick ratio of 2.07 and a debt-to-equity ratio of 0.86.

Primo Water Dividend Announcement

The company also recently announced a — dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were paid a $0.82 dividend. The ex-dividend date was Tuesday, November 5th. This represents a yield of 1.3%. Primo Water’s dividend payout ratio (DPR) is currently 22.36%.

Primo Water 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.