Thompson Siegel & Walmsley LLC Decreases Holdings in Primo Water Co. (NYSE:PRMW)

Thompson Siegel & Walmsley LLC reduced its holdings in shares of Primo Water Co. (NYSE:PRMW) by 35.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,400 shares of the company’s stock after selling 51,700 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Primo Water were worth $2,409,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Primo Water by 375.9% in the third quarter. GAMMA Investing LLC now owns 1,242 shares of the company’s stock valued at $31,000 after purchasing an additional 981 shares in the last quarter. Blue Trust Inc. raised its holdings in Primo Water by 52.1% during the third quarter. Blue Trust Inc. now owns 1,871 shares of the company’s stock worth $47,000 after purchasing an additional 641 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Primo Water during the 3rd quarter worth approximately $48,000. CWM LLC boosted its holdings in shares of Primo Water by 31.5% in the 3rd quarter. CWM LLC now owns 3,310 shares of the company’s stock valued at $84,000 after buying an additional 792 shares in the last quarter. Finally, Clearstead Trust LLC purchased a new position in shares of Primo Water in the 2nd quarter valued at $109,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Analyst Upgrades and Downgrades

PRMW has been the subject of a number of research reports. StockNews.com initiated coverage on shares of Primo Water in a research report on Wednesday. They issued a “buy” rating for the company. Raymond James downgraded Primo Water from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. William Blair assumed coverage on Primo Water in a research note on Thursday, October 24th. They set an “outperform” rating on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $30.00 price target on shares of Primo Water in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.83.

Primo Water Stock Down 0.9 %

Primo Water stock opened at $24.21 on Friday. The stock has a 50 day moving average of $25.54 and a two-hundred day moving average of $23.16. Primo Water Co. has a twelve month low of $14.06 and a twelve month high of $28.06. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 1.78 and a beta of 1.10. 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 Announces Dividend

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

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.