Signaturefd LLC Acquires 1,848 Shares of Primo Water Co. (NYSE:PRMW)

Signaturefd LLC grew its holdings in Primo Water Co. (NYSE:PRMW) by 358.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,364 shares of the company’s stock after acquiring an additional 1,848 shares during the period. Signaturefd LLC’s holdings in Primo Water were worth $36,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PRMW. Nomura Asset Management Co. Ltd. purchased a new position in shares of Primo Water during the 3rd quarter valued at $102,000. Aigen Investment Management LP purchased a new position in shares of Primo Water during the 3rd quarter valued at $139,000. Blueshift Asset Management LLC purchased a new position in shares of Primo Water during the 3rd quarter valued at $159,000. Gitterman Wealth Management LLC purchased a new position in shares of Primo Water during the 3rd quarter valued at $204,000. Finally, Raymond James Trust N.A. lifted its stake in shares of Primo Water by 32.5% during the 4th quarter. Raymond James Trust N.A. now owns 15,332 shares of the company’s stock valued at $231,000 after buying an additional 3,759 shares in the last quarter. 87.71% of the stock is currently owned by institutional investors.

Primo Water Stock Performance

Shares of NYSE PRMW opened at $19.89 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.92 and a current ratio of 2.03. The company has a market cap of $3.20 billion, a P/E ratio of 13.29, a P/E/G ratio of 1.79 and a beta of 1.09. The firm’s fifty day moving average is $17.69 and its two-hundred day moving average is $15.67. Primo Water Co. has a 52-week low of $12.27 and a 52-week high of $19.93.

Primo Water (NYSE:PRMW) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.10). The company had revenue of $438.70 million during the quarter, compared to the consensus estimate of $582.93 million. Primo Water had a net margin of 10.82% and a return on equity of 8.55%. As a group, analysts anticipate that Primo Water Co. will post 0.82 EPS for the current fiscal year.

Primo Water Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Friday, March 8th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Primo Water’s previous quarterly dividend of $0.08. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.81%. Primo Water’s payout ratio is 24.16%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PRMW shares. Raymond James cut shares of Primo Water from a “strong-buy” rating to an “outperform” rating and set a $21.00 target price on the stock. in a research note on Wednesday, April 3rd. StockNews.com cut shares of Primo Water from a “buy” rating to a “hold” rating in a research note on Friday. TD Securities lowered their target price on shares of Primo Water from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, January 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Primo Water from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.25.

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.