Knights of Columbus Asset Advisors LLC Boosts Holdings in Primo Water Co. (NYSE:PRMW)

Knights of Columbus Asset Advisors LLC boosted its position in Primo Water Co. (NYSE:PRMW) by 94.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 306,743 shares of the company’s stock after acquiring an additional 149,075 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.19% of Primo Water worth $4,616,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its holdings in Primo Water by 0.5% in the second quarter. CIBC Asset Management Inc now owns 149,496 shares of the company’s stock valued at $1,875,000 after acquiring an additional 713 shares in the last quarter. Captrust Financial Advisors raised its holdings in Primo Water by 1.8% during the fourth quarter. Captrust Financial Advisors now owns 46,558 shares of the company’s stock worth $724,000 after purchasing an additional 810 shares in the last quarter. Amalgamated Bank raised its holdings in Primo Water by 4.1% during the fourth quarter. Amalgamated Bank now owns 20,959 shares of the company’s stock worth $326,000 after purchasing an additional 835 shares in the last quarter. Credit Suisse AG raised its holdings in Primo Water by 0.6% during the fourth quarter. Credit Suisse AG now owns 141,419 shares of the company’s stock worth $2,198,000 after purchasing an additional 843 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Primo Water by 26.1% during the second quarter. PNC Financial Services Group Inc. now owns 4,126 shares of the company’s stock worth $52,000 after purchasing an additional 853 shares in the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

Analyst Ratings Changes

PRMW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Primo Water from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. 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 report on Wednesday, April 3rd. StockNews.com cut shares of Primo Water from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 18th. Finally, TD Securities cut their target price on shares of Primo Water from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, January 11th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $20.75.

Primo Water Stock Performance

NYSE:PRMW opened at $18.45 on Friday. The firm’s fifty day moving average price is $17.00 and its 200 day moving average price is $15.33. Primo Water Co. has a 1-year low of $12.27 and a 1-year high of $18.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.03 and a quick ratio of 1.92. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.71 and a beta of 1.12.

Primo Water (NYSE:PRMW) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.10). The firm had revenue of $438.70 million during the quarter, compared to analysts’ expectations of $582.93 million. Primo Water had a net margin of 10.82% and a return on equity of 8.55%. On average, sell-side analysts expect that Primo Water Co. will post 0.82 EPS for the current year.

Primo Water Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Friday, March 8th were given a dividend of $0.09 per share. This is a positive change from Primo Water’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, March 7th. Primo Water’s payout ratio is presently 24.16%.

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.