27,148 Shares in Primo Brands Co. (NYSE:PRMB) Acquired by Green Alpha Advisors LLC

Green Alpha Advisors LLC purchased a new stake in Primo Brands Co. (NYSE:PRMB) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 27,148 shares of the company’s stock, valued at approximately $835,000.

Separately, Rise Advisors LLC purchased a new stake in shares of Primo Brands during the 4th quarter worth approximately $28,000. Institutional investors own 87.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. BMO Capital Markets started coverage on shares of Primo Brands in a research note on Monday, January 6th. They set an “outperform” rating and a $40.00 price target on the stock. Royal Bank of Canada lifted their target price on Primo Brands from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Primo Brands in a research report on Monday, November 18th. They issued a “buy” rating and a $33.00 target price for the company.

Primo Brands Trading Down 0.2 %

PRMB stock opened at $30.79 on Monday. The firm has a market capitalization of $11.68 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 0.95 and a beta of 1.09. 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 Brands Co. has a 12 month low of $14.06 and a 12 month high of $32.40.

Primo Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Friday, November 22nd were issued a $0.09 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.17%. Primo Brands’s payout ratio is 22.36%.

About Primo Brands

Primo Water Corporation is a leading pure-play water solutions provider in North America and Europe. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo’s revenue model is its industry leading line-up of sleek and innovative water dispensers, which are sold through major retailers and online at various price points or leased to customers.