Chartwell Investment Partners LLC trimmed its position in Primo Water Co. (NYSE:PRMW - Free Report) by 10.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 307,016 shares of the company's stock after selling 34,421 shares during the quarter. Chartwell Investment Partners LLC owned about 0.19% of Primo Water worth $7,752,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of PRMW. Tocqueville Asset Management L.P. increased its position in Primo Water by 108.7% in the first quarter. Tocqueville Asset Management L.P. now owns 96,000 shares of the company's stock worth $1,748,000 after buying an additional 50,000 shares during the last quarter. Jane Street Group LLC boosted 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 during the period. Strategic Wealth Partners Ltd. bought a new stake in shares of Primo Water in the 1st quarter worth approximately $879,000. Intact Investment Management Inc. lifted its position in shares of Primo Water by 43.6% in the third quarter. Intact Investment Management Inc. now owns 1,381,240 shares of the company's stock worth $34,849,000 after purchasing an additional 419,370 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Primo Water by 471.2% in 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 period. 87.71% of the stock is currently owned by hedge funds and other institutional investors.
Primo Water Stock Performance
Shares of NYSE PRMW traded down $0.23 during trading on Tuesday, reaching $24.21. 11,422,300 shares of the company traded hands, compared to its average volume of 1,915,558. The firm's fifty day simple moving average is $25.36 and its 200 day simple moving average is $22.91. The stock has a market cap of $3.88 billion, a P/E ratio of 15.04, a PEG ratio of 1.78 and a beta of 1.10. The company has a current ratio of 2.18, a quick ratio of 2.07 and a debt-to-equity ratio of 0.86. Primo Water Co. has a 12-month low of $14.06 and a 12-month high of $28.06.
Primo Water Dividend Announcement
The firm also recently announced a -- dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be paid a dividend of $0.82 per share. 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 currently 22.36%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on PRMW shares. William Blair began coverage on shares of Primo Water in a report on Thursday, October 24th. They set an "outperform" rating on the stock. Royal Bank of Canada restated an "outperform" rating and set a $30.00 price objective on shares of Primo Water in a research report on Tuesday, October 1st. Raymond James cut Primo Water from an "outperform" rating to a "market perform" rating in a report on Wednesday, October 2nd. Finally, StockNews.com upgraded Primo Water from a "hold" rating to a "buy" rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Primo Water currently has an average rating of "Moderate Buy" and an average price target of $25.83.
Check Out Our Latest Stock Report on PRMW
Primo Water Company Profile
(
Free Report)
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.
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