Sasco Capital Inc. CT Has $1.23 Million Stake in Primo Water Co. (NYSE:PRMW)

Sasco Capital Inc. CT lowered its stake in Primo Water Co. (NYSE:PRMW) by 20.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 48,866 shares of the company’s stock after selling 12,530 shares during the quarter. Sasco Capital Inc. CT’s holdings in Primo Water were worth $1,234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in Primo Water by 52.1% in the 3rd quarter. Blue Trust Inc. now owns 1,871 shares of the company’s stock worth $47,000 after acquiring an additional 641 shares during the period. CWM LLC increased its stake in shares of Primo Water by 31.5% in the third quarter. CWM LLC now owns 3,310 shares of the company’s stock worth $84,000 after purchasing an additional 792 shares during the period. Natixis Advisors LLC increased its stake in shares of Primo Water by 3.6% in the third quarter. Natixis Advisors LLC now owns 24,401 shares of the company’s stock worth $616,000 after purchasing an additional 852 shares during the period. GAMMA Investing LLC lifted its position in shares of Primo Water by 375.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,242 shares of the company’s stock worth $31,000 after purchasing an additional 981 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Primo Water by 3.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,744 shares of the company’s stock valued at $781,000 after purchasing an additional 1,307 shares during the period. Institutional investors and hedge funds own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PRMW shares. William Blair began coverage on Primo Water in a research report on Thursday, October 24th. They issued an “outperform” rating on the stock. StockNews.com raised shares of Primo Water from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $30.00 price target on shares of Primo Water in a report on Tuesday, October 1st. Finally, Raymond James downgraded shares of Primo Water from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $25.83.

Primo Water Trading Down 0.9 %

Shares of PRMW stock opened at $24.21 on Tuesday. The firm has a fifty day moving average of $25.49 and a 200-day moving average of $23.09. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 15.04, a P/E/G ratio of 1.78 and a beta of 1.10. Primo Water Co. has a 52-week low of $14.06 and a 52-week high of $28.06. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.07 and a current ratio of 2.18.

Primo Water Announces Dividend

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