Northern Trust Corp Purchases 41,573 Shares of Primo Water Corporation (PRMW)
Northern Trust Corp grew its position in shares of Primo Water Corporation (NASDAQ:PRMW) by 16.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,353 shares of the company’s stock after purchasing an additional 41,573 shares during the quarter. Northern Trust Corp owned approximately 1.01% of Primo Water Corporation worth $3,827,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC increased its holdings in shares of Primo Water Corporation by 2.9% during the 1st quarter. HighTower Advisors LLC now owns 10,600 shares of the company’s stock valued at $145,000 after purchasing an additional 300 shares in the last quarter. US Bancorp DE increased its holdings in shares of Primo Water Corporation by 23.0% during the 2nd quarter. US Bancorp DE now owns 12,159 shares of the company’s stock valued at $155,000 after purchasing an additional 2,275 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new position in shares of Primo Water Corporation during the 2nd quarter valued at approximately $159,000. Teton Advisors Inc. purchased a new position in shares of Primo Water Corporation during the 2nd quarter valued at approximately $165,000. Finally, American International Group Inc. increased its holdings in shares of Primo Water Corporation by 7.5% during the 1st quarter. American International Group Inc. now owns 13,052 shares of the company’s stock valued at $177,000 after purchasing an additional 910 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.
PRMW has been the subject of several recent research reports. ValuEngine raised shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Primo Water Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. B. Riley reissued a “buy” rating and issued a $17.50 price target on shares of Primo Water Corporation in a report on Wednesday, November 8th. Finally, Barrington Research boosted their price target on shares of Primo Water Corporation from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.10.
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Shares of Primo Water Corporation (PRMW) opened at $12.79 on Wednesday. The company has a debt-to-equity ratio of 3.99, a current ratio of 0.99 and a quick ratio of 0.82. Primo Water Corporation has a 1-year low of $10.47 and a 1-year high of $15.39.
In related news, Director Malcolm Mcquilkin sold 13,714 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $11.70, for a total value of $160,453.80. Following the completion of the sale, the director now owns 101,246 shares of the company’s stock, valued at approximately $1,184,578.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 40,858 shares of company stock valued at $479,169. 15.80% of the stock is owned by insiders.
Primo Water Corporation Profile
Primo Water Corporation (Primo) provides multi-gallon purified bottled water, self-service refill water and water dispensers. The Company’s products are sold through various retailers in the United States and Canada. It operates through two segments: Primo Water (Water) and Primo Dispensers (Dispensers).
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