Fulton Bank N.A. acquired a new position in shares of Primo Brands Co. (NYSE:PRMB – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 21,733 shares of the company’s stock, valued at approximately $669,000.
Separately, Rise Advisors LLC acquired a new position in shares of Primo Brands during the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 87.71% of the company’s stock.
Primo Brands Stock Down 2.7 %
Shares of NYSE PRMB opened at $30.83 on Friday. Primo Brands Co. has a 1 year low of $14.06 and a 1 year high of $32.40. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 0.95 and a beta of 1.09. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.18 and a quick ratio of 2.07.
Primo Brands Announces Dividend
Wall Street Analysts Forecast Growth
PRMB has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on Primo Brands in a research note on Monday, November 18th. They set a “buy” rating and a $33.00 target price on the stock. BMO Capital Markets assumed coverage on shares of Primo Brands in a report on Monday. They issued an “outperform” rating and a $40.00 price objective for the company. Finally, Royal Bank of Canada increased their target price on shares of Primo Brands from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday.
Check Out Our Latest Report on Primo Brands
Primo Brands Company Profile
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.
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