Natixis Advisors LLC Has $616,000 Stock Holdings in Primo Water Co. (NYSE:PRMW)

Natixis Advisors LLC lifted its holdings in shares of Primo Water Co. (NYSE:PRMW) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,401 shares of the company’s stock after purchasing an additional 852 shares during the quarter. Natixis Advisors LLC’s holdings in Primo Water were worth $616,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC grew its stake in shares of Primo Water by 0.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,827,623 shares of the company’s stock worth $96,647,000 after acquiring an additional 32,875 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Primo Water by 3.2% during the second quarter. Renaissance Technologies LLC now owns 1,595,042 shares of the company’s stock valued at $34,868,000 after purchasing an additional 49,500 shares during the period. TD Asset Management Inc boosted its position in shares of Primo Water by 27.3% during the 2nd quarter. TD Asset Management Inc now owns 1,401,438 shares of the company’s stock valued at $30,623,000 after acquiring an additional 300,929 shares in the last quarter. Intact Investment Management Inc. grew its stake in shares of Primo Water by 43.6% in the 3rd quarter. Intact Investment Management Inc. now owns 1,381,240 shares of the company’s stock valued at $34,849,000 after purchasing an additional 419,370 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Primo Water by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,362,600 shares of the company’s stock worth $29,788,000 after buying an additional 53,241 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Primo Water Trading Down 0.9 %

PRMW stock opened at $24.21 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.07 and a current ratio of 2.18. The company has a market capitalization of $3.88 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. The company’s 50-day simple moving average is $25.50 and its 200 day simple moving average is $23.26. Primo Water Co. has a 52 week low of $14.06 and a 52 week high of $28.06.

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 yield of 1.3%. The ex-dividend date of this dividend was Tuesday, November 5th. Primo Water’s payout ratio is 22.36%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PRMW. StockNews.com started coverage on shares of Primo Water in a research note on Tuesday. They issued a “buy” rating for the company. William Blair assumed coverage on Primo Water in a report on Thursday, October 24th. They set an “outperform” rating on the stock. Raymond James cut shares of Primo Water from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $30.00 target price on shares of Primo Water in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Primo Water presently has a consensus rating of “Moderate Buy” and an average target price of $25.83.

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.