First Hawaiian Bank Sells 4,872 Shares of Primo Water Co. (NYSE:PRMW)

First Hawaiian Bank lessened its holdings in Primo Water Co. (NYSE:PRMW) by 31.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,625 shares of the company’s stock after selling 4,872 shares during the period. First Hawaiian Bank’s holdings in Primo Water were worth $193,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates grew its holdings in shares of Primo Water by 18.1% during the 4th quarter. Raymond James & Associates now owns 951,970 shares of the company’s stock valued at $14,327,000 after purchasing an additional 145,966 shares during the last quarter. Ancora Advisors LLC increased its holdings in shares of Primo Water by 2.0% during the third quarter. Ancora Advisors LLC now owns 611,705 shares of the company’s stock worth $8,442,000 after buying an additional 11,920 shares in the last quarter. Walleye Capital LLC boosted its holdings in shares of Primo Water by 761.6% during the 3rd quarter. Walleye Capital LLC now owns 111,030 shares of the company’s stock valued at $1,532,000 after acquiring an additional 98,144 shares in the last quarter. Global Alpha Capital Management Ltd. acquired a new stake in shares of Primo Water during the 4th quarter valued at $1,684,000. Finally, Goldman Sachs Group Inc. grew its position in Primo Water by 32.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,850,165 shares of the company’s stock worth $57,945,000 after acquiring an additional 937,235 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PRMW shares. CIBC increased their target price on Primo Water from $24.00 to $26.00 and gave the company an “outperformer” rating in a research report on Tuesday, June 18th. Raymond James downgraded 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. Deutsche Bank Aktiengesellschaft upped their price target on shares of Primo Water from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, May 10th. StockNews.com raised shares of Primo Water from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Finally, JPMorgan Chase & Co. raised their target price on Primo Water from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 18th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Primo Water currently has an average rating of “Moderate Buy” and an average price target of $25.83.

Primo Water Price Performance

PRMW stock opened at $22.15 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.13 and a debt-to-equity ratio of 0.87. The company’s fifty day simple moving average is $21.02 and its 200 day simple moving average is $17.64. Primo Water Co. has a 12-month low of $12.27 and a 12-month high of $25.60. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 1.60 and a beta of 1.09.

Primo Water (NYSE:PRMW) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05. Primo Water had a return on equity of 9.36% and a net margin of 12.22%. The company had revenue of $452.00 million for the quarter, compared to the consensus estimate of $438.81 million. On average, analysts expect that Primo Water Co. will post 0.89 earnings per share for the current year.

Primo Water Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Friday, June 7th were paid a $0.09 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.36 annualized dividend and a dividend yield of 1.63%. 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.