Primo Water Co. (NYSE:PRMW) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC cut its position in shares of Primo Water Co. (NYSE:PRMW) by 35.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,400 shares of the company’s stock after selling 51,700 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.06% of Primo Water worth $2,409,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings 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 worth $31,000 after purchasing an additional 981 shares during the period. Blue Trust Inc. lifted its position in Primo Water by 52.1% in the third quarter. Blue Trust Inc. now owns 1,871 shares of the company’s stock valued at $47,000 after buying an additional 641 shares during the last quarter. Sound Income Strategies LLC acquired a new position in Primo Water in the third quarter valued at about $48,000. CWM LLC boosted its stake in Primo Water by 31.5% during the third quarter. CWM LLC now owns 3,310 shares of the company’s stock worth $84,000 after buying an additional 792 shares during the period. Finally, Clearstead Trust LLC acquired a new stake in shares of Primo Water during the second quarter valued at about $109,000. 87.71% of the stock is currently owned by institutional investors and hedge funds.

Primo Water Price Performance

Shares of NYSE PRMW opened at $24.21 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. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. The stock’s 50-day moving average is $25.54 and its two-hundred day moving average is $23.16. Primo Water Co. has a 1-year low of $14.06 and a 1-year high of $28.06.

Primo Water Dividend Announcement

The company also recently announced a — dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were issued a $0.82 dividend. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a yield of 1.3%. Primo Water’s dividend payout ratio (DPR) is 22.36%.

Analyst Ratings Changes

PRMW has been the subject of a number of research analyst reports. StockNews.com assumed coverage on shares of Primo Water in a research report on Wednesday. They set a “buy” rating for the company. Raymond James lowered Primo Water from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 2nd. William Blair started coverage on Primo Water in a report on Thursday, October 24th. They issued an “outperform” rating on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and set 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 issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.