Cwm LLC Buys 792 Shares of Primo Water Co. (NYSE:PRMW)

Cwm LLC lifted its stake in shares of Primo Water Co. (NYSE:PRMW) by 31.5% in the third quarter, Holdings Channel.com reports. The fund owned 3,310 shares of the company’s stock after acquiring an additional 792 shares during the quarter. Cwm LLC’s holdings in Primo Water were worth $84,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in 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 buying an additional 248,774 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Primo Water by 2.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 3,794,748 shares of the company’s stock worth $82,953,000 after purchasing an additional 91,363 shares during the period. Renaissance Technologies LLC increased its holdings in Primo Water by 3.2% in 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 in the last quarter. TD Asset Management Inc lifted its stake in Primo Water by 27.3% in the second quarter. TD Asset Management Inc now owns 1,401,438 shares of the company’s stock valued at $30,623,000 after buying an additional 300,929 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Primo Water by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,362,600 shares of the company’s stock worth $29,788,000 after buying an additional 53,241 shares in the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Primo Water in a research report on Tuesday, October 1st. William Blair initiated coverage on Primo Water in a research report on Thursday. They set an “outperform” rating on the stock. StockNews.com downgraded shares of Primo Water from a “buy” rating to a “hold” rating in a research report on Sunday, October 13th. Finally, Raymond James downgraded shares of Primo Water from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.83.

Primo Water Price Performance

Primo Water stock opened at $27.60 on Friday. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.89 and a beta of 1.11. The business’s 50 day simple moving average is $24.54 and its 200 day simple moving average is $22.29. 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 Co. has a 12 month low of $12.92 and a 12 month high of $28.06.

Primo Water (NYSE:PRMW) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Primo Water had a net margin of 12.61% and a return on equity of 8.94%. The company had revenue of $485.00 million for the quarter, compared to analyst estimates of $477.40 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Sell-side analysts forecast that Primo Water Co. will post 0.88 EPS for the current year.

Primo Water Announces Dividend

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

About Primo Water

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.