Atria Investments Inc Sells 8,610 Shares of Primo Water Co. (NYSE:PRMW)

Atria Investments Inc lowered its stake in shares of Primo Water Co. (NYSE:PRMW) by 37.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,507 shares of the company’s stock after selling 8,610 shares during the quarter. Atria Investments Inc’s holdings in Primo Water were worth $366,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PRMW. GAMMA Investing LLC lifted its stake 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 valued at $31,000 after buying an additional 981 shares in the last quarter. Blue Trust Inc. lifted its position in shares of 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 acquiring an additional 641 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Primo Water in the third quarter worth $48,000. CWM LLC grew its position in shares of 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 purchasing an additional 792 shares in the last quarter. Finally, Clearstead Trust LLC bought a new stake in shares of Primo Water during the 2nd quarter valued at $109,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.

Primo Water Stock Performance

NYSE:PRMW opened at $24.21 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.18 and a debt-to-equity ratio of 0.86. Primo Water Co. has a twelve month low of $14.06 and a twelve month high of $28.06. The stock has a market cap of $3.88 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. The firm’s fifty day simple moving average is $25.54 and its 200 day simple moving average is $23.13.

Primo Water Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have commented on PRMW. 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. William Blair initiated coverage on Primo Water in a research note on Thursday, October 24th. They issued an “outperform” rating on the stock. StockNews.com initiated coverage on Primo Water in a report on Wednesday. They set a “buy” rating for the company. Finally, Raymond James lowered shares of Primo Water from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.83.

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.