Primo Water Corp (PRMW)
NYSE NYSE Primary 
Primo Water, Poland Spring parent BlueTriton to merge, creating water giant with $6.5 billion in revenue
Primo Water Corp. PRMW, -1.76% PRMW, -1.86% and BueTriton Brands Inc., the parent of Poland Spring Deer Park water brands, announced Monday an agreement to merge, which would create a water giant with $6.5 billion in annual revenue. Shares of Florida-based Primo Water, which had a market capitalization of $3.6 billion at Friday's close, were still inactive in premarket trading.
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Primo Water Co. (NYSE:PRMW) Shares Acquired by Natixis Advisors L.P.
Natixis Advisors L.P. boosted its position in Primo Water Co. (NYSE:PRMW – Free Report) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,570 shares of the company’s stock after purchasing an additional 1,368 shares during the period. Natixis Advisors L.P.’s holdings in Primo Water were worth $354,000 as of its most recent SEC filing. Other large investors have also bought and sold shares of the company. Signaturefd LLC grew its position in Primo Water by 358.1% during the 4th quarter. Signaturefd LLC now owns 2,364 shares of the company’s stock worth $36,000 after purchasing an additional 1,848 shares in the last quarter. Nomura Asset Management Co. Ltd. acquired a new position in Primo Water during the third quarter worth $102,000. Aigen Investment Management LP bought a new position in Primo Water during the third quarter valued at about $139,000. Blueshift Asset Management LLC acquired a new stake in shares of Primo Water in the third quarter worth about $159,000. Finally, Raymond James Trust N.A. boosted 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 worth $231,000 after acquiring an additional 3,759 shares in the last quarter. Institutional investors own 87.71% of the company’s stock. Primo Water Price Performance NYSE:PRMW opened at $21.51 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.13 and a quick ratio of 2.02. The stock has a market cap of $3.44 billion, a P/E ratio of 13.36, a PEG ratio of 1.69 and a beta of 1.09. The company has a fifty day moving average price of $18.70 and a 200 day moving average price of $16.29. Primo Water Co. has a one year low of $12.27 and a one year high of $23.11. Primo Water (NYSE:PRMW – Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.10). Primo Water had a net margin of 12.22% and a return on equity of 9.36%. The company had revenue of $438.70 million during the quarter, compared to the consensus estimate of $582.93 million. Analysts anticipate that Primo Water Co. will post 0.82 earnings per share for the current year. Primo Water Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Friday, June 7th. Primo Water’s payout ratio is 22.36%. Analyst Ratings Changes Several equities research analysts recently weighed in on the company. StockNews.com upgraded Primo Water from a “hold” rating to a “buy” rating in a report on Friday. Raymond James cut shares of Primo Water from a “strong-buy” rating to an “outperform” rating and set a $21.00 price objective for the company. in a research note on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Primo Water from $17.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, May 10th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Primo Water from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Primo Water presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00. Check Out Our Latest Analysis on Primo Water Primo Water Company Profile (Free Report) 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.
