Vontobel Holding Ltd. Sells 15,367 Shares of Primo Water Co. (NYSE:PRMW)

Vontobel Holding Ltd. trimmed its position in Primo Water Co. (NYSE:PRMW) by 38.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,925 shares of the company’s stock after selling 15,367 shares during the period. Vontobel Holding Ltd.’s holdings in Primo Water were worth $629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PRMW. Tocqueville Asset Management L.P. increased its holdings in shares of Primo Water by 108.7% during the first quarter. Tocqueville Asset Management L.P. now owns 96,000 shares of the company’s stock valued at $1,748,000 after acquiring an additional 50,000 shares in the last quarter. Jane Street Group LLC increased its stake in Primo Water by 170.4% during the 1st quarter. Jane Street Group LLC now owns 619,811 shares of the company’s stock valued at $11,287,000 after purchasing an additional 390,611 shares in the last quarter. Strategic Wealth Partners Ltd. acquired a new stake in shares of Primo Water during the first quarter worth $879,000. Tidal Investments LLC grew its holdings in shares of Primo Water by 471.2% during the first quarter. Tidal Investments LLC now owns 66,149 shares of the company’s stock valued at $1,205,000 after buying an additional 54,569 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of Primo Water in the 1st quarter valued at $874,000. 87.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PRMW. Raymond James cut Primo Water from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. StockNews.com downgraded Primo Water from a “buy” rating to a “hold” rating in a report on Sunday, October 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $30.00 price target on shares of Primo Water in a report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.83.

Primo Water Stock Down 0.5 %

Shares of PRMW opened at $27.52 on Tuesday. The stock’s 50-day moving average price is $24.08 and its 200-day moving average price is $22.04. The company has a quick ratio of 2.07, a current ratio of 2.18 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 1.89 and a beta of 1.11. Primo Water Co. has a 52 week low of $12.92 and a 52 week high of $27.81.

Primo Water (NYSE:PRMW) last posted its 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. The firm had revenue of $485.00 million during the quarter, compared to analysts’ expectations of $477.40 million. Primo Water had a net margin of 12.61% and a return on equity of 8.94%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.22 EPS. On average, sell-side analysts predict that Primo Water Co. will post 0.88 EPS for the current year.

Primo Water Announces Dividend

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

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.