Primo Water Co. (NYSE:PRMW) Shares Sold by Sasco Capital Inc. CT

Sasco Capital Inc. CT trimmed its holdings in shares of Primo Water Co. (NYSE:PRMW) by 20.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,866 shares of the company’s stock after selling 12,530 shares during the period. Sasco Capital Inc. CT’s holdings in Primo Water were worth $1,234,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. GAMMA Investing LLC lifted its stake 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 last quarter. Blue Trust Inc. lifted its position in Primo Water by 52.1% in the 3rd quarter. Blue Trust Inc. now owns 1,871 shares of the company’s stock valued at $47,000 after purchasing an additional 641 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Primo Water during the 3rd quarter valued at about $48,000. Crewe Advisors LLC bought a new position in Primo Water in the 1st quarter worth about $66,000. Finally, CWM LLC raised its stake in Primo Water by 31.5% during the 3rd quarter. CWM LLC now owns 3,310 shares of the company’s stock valued at $84,000 after acquiring an additional 792 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PRMW has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $30.00 price target on shares of Primo Water in a report on Tuesday, October 1st. William Blair initiated coverage on shares of Primo Water in a research note on Thursday, October 24th. They set an “outperform” rating on the stock. StockNews.com raised shares of Primo Water from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Finally, Raymond James lowered shares of Primo Water from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Primo Water currently has an average rating of “Moderate Buy” and an average target price of $25.83.

Primo Water Stock Down 0.9 %

Shares of Primo Water stock opened at $24.21 on Tuesday. Primo Water Co. has a 1 year low of $14.06 and a 1 year high of $28.06. The company has a market cap of $3.88 billion, a P/E ratio of 15.04, a P/E/G 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. The stock has a 50-day moving average price of $25.49 and a 200 day moving average price of $23.09.

Primo Water Dividend Announcement

The company also recently declared a — dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be issued 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 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.