King Luther Capital Management Corp Boosts Holdings in Primo Water Co. (NYSE:PRMW)

King Luther Capital Management Corp increased its position in Primo Water Co. (NYSE:PRMW) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 252,768 shares of the company’s stock after purchasing an additional 6,584 shares during the quarter. King Luther Capital Management Corp owned 0.16% of Primo Water worth $6,382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PRMW. GAMMA Investing LLC lifted its holdings in Primo Water by 375.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,242 shares of the company’s stock worth $31,000 after buying an additional 981 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Primo Water by 52.1% in 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 purchased a new position in Primo Water in the third quarter valued at about $48,000. CWM LLC grew 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 purchasing an additional 792 shares in the last quarter. Finally, Clearstead Trust LLC purchased a new stake in Primo Water during the 2nd quarter worth approximately $109,000. 87.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PRMW has been the subject of a number of recent analyst reports. StockNews.com began coverage on shares of Primo Water in a research report on Wednesday. They set a “buy” rating for the company. Raymond James lowered shares of Primo Water from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 2nd. William Blair began coverage on shares of Primo Water in a research report on Thursday, October 24th. They set an “outperform” rating on the stock. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $30.00 price target on shares of Primo Water in a research report 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.83.

Primo Water Trading Down 0.9 %

Shares of Primo Water stock opened at $24.21 on Friday. The business has a fifty day simple moving average of $25.54 and a 200-day simple moving average of $23.13. The firm 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. Primo Water Co. has a fifty-two week low of $14.06 and a fifty-two week high of $28.06. 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 Dividend Announcement

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

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.