Blue Trust Inc. Acquires 641 Shares of Primo Water Co. (NYSE:PRMW)

Blue Trust Inc. increased its holdings in Primo Water Co. (NYSE:PRMW) by 52.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,871 shares of the company’s stock after purchasing an additional 641 shares during the quarter. Blue Trust Inc.’s holdings in Primo Water were worth $47,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PRMW. Tobam lifted its holdings in Primo Water by 4.4% in the first quarter. Tobam now owns 16,780 shares of the company’s stock valued at $306,000 after buying an additional 705 shares during the period. CWM LLC lifted its holdings in Primo Water by 31.5% in the third quarter. CWM LLC now owns 3,310 shares of the company’s stock valued at $84,000 after buying an additional 792 shares during the period. GAMMA Investing LLC lifted 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 buying an additional 981 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Primo Water by 3.8% during the second 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. Finally, Creative Planning raised its holdings in shares of Primo Water by 8.8% during the second quarter. Creative Planning now owns 17,301 shares of the company’s stock valued at $378,000 after purchasing an additional 1,402 shares during the period. Institutional investors own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PRMW shares. Raymond James lowered shares of Primo Water from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $30.00 price objective on shares of Primo Water in a report on Tuesday, October 1st. StockNews.com lowered shares of Primo Water from a “buy” rating to a “hold” rating in a report on Sunday, October 13th. Finally, William Blair started coverage on shares of Primo Water in a report on Thursday, October 24th. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $25.83.

Primo Water Trading Up 1.2 %

PRMW opened at $26.54 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.18 and a quick ratio of 2.07. Primo Water Co. has a fifty-two week low of $13.57 and a fifty-two week high of $28.06. The firm has a market capitalization of $4.25 billion, a PE ratio of 16.80, a P/E/G ratio of 1.97 and a beta of 1.11. The company’s 50-day moving average is $25.01 and its 200 day moving average is $22.57.

Primo Water (NYSE:PRMW) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Primo Water had a net margin of 12.61% and a return on equity of 8.94%. The business had revenue of $485.00 million during the quarter, compared to the consensus estimate of $477.40 million. During the same period in the prior year, the firm posted $0.22 EPS. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, research analysts predict that Primo Water Co. will post 0.88 earnings per share for the current fiscal year.

Primo Water Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be given a $0.82 dividend. This represents a yield of 1.3%. The ex-dividend date is Tuesday, November 5th. Primo Water’s payout ratio is 22.78%.

About Primo Water

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.