Signaturefd LLC Acquires 1,848 Shares of Primo Water Co. (NYSE:PRMW)

Signaturefd LLC boosted its holdings in Primo Water Co. (NYSE:PRMW) by 358.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,364 shares of the company’s stock after acquiring an additional 1,848 shares during the quarter. Signaturefd LLC’s holdings in Primo Water were worth $36,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. bought a new position in Primo Water in the 3rd quarter valued at about $102,000. Aigen Investment Management LP bought a new position in shares of Primo Water during the 3rd quarter worth approximately $139,000. Blueshift Asset Management LLC bought a new position in shares of Primo Water during the 3rd quarter worth approximately $159,000. Gitterman Wealth Management LLC bought a new position in shares of Primo Water during the 3rd quarter worth approximately $204,000. Finally, Raymond James Trust N.A. lifted its position in shares of Primo Water by 32.5% during the 4th quarter. Raymond James Trust N.A. now owns 15,332 shares of the company’s stock worth $231,000 after buying an additional 3,759 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

PRMW has been the topic of several recent analyst reports. Raymond James cut shares of Primo Water from a “strong-buy” rating to an “outperform” rating and set a $21.00 target price on the stock. in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. lifted their target price on shares of Primo Water from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday. StockNews.com cut shares of Primo Water from a “buy” rating to a “hold” rating in a report on Friday. Finally, TD Securities lowered their price target on shares of Primo Water from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, January 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $21.25.

Primo Water Trading Up 1.2 %

NYSE:PRMW opened at $19.89 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.92 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $3.20 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09. The firm’s 50 day moving average is $17.69 and its 200 day moving average is $15.67. Primo Water Co. has a 12 month low of $12.27 and a 12 month high of $19.93.

Primo Water (NYSE:PRMW) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.10). Primo Water had a net margin of 10.82% and a return on equity of 8.55%. The business had revenue of $438.70 million during the quarter, compared to analysts’ expectations of $582.93 million. Sell-side analysts expect that Primo Water Co. will post 0.82 earnings per share 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 paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.81%. This is a positive change from Primo Water’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, March 7th. Primo Water’s payout ratio is currently 24.16%.

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.