First Trust Advisors LP Sells 509,646 Shares of Primo Brands Corporation $PRMB

Posted by Brian Himes on Jul 28th, 2026

First Trust Advisors LP trimmed its position in shares of Primo Brands Corporation (NYSE:PRMB – Free Report) by 21.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,918,540 shares of the company’s stock after selling 509,646 shares during the quarter. First Trust Advisors LP’s holdings in Primo Brands were worth $36,126,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PRMB. One Rock Capital Partners LLC purchased a new stake in Primo Brands in the fourth quarter worth approximately $1,900,047,000. Viking Global Investors LP raised its stake in shares of Primo Brands by 290.2% during the second quarter. Viking Global Investors LP now owns 19,602,116 shares of the company’s stock worth $580,615,000 after acquiring an additional 14,578,589 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Primo Brands by 189.5% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 14,454,637 shares of the company’s stock worth $236,333,000 after acquiring an additional 9,461,990 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Primo Brands by 2,486.6% in the 2nd quarter. Alliancebernstein L.P. now owns 5,867,110 shares of the company’s stock worth $173,784,000 after acquiring an additional 5,640,287 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in shares of Primo Brands by 622.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,219,575 shares of the company’s stock valued at $101,690,000 after purchasing an additional 5,358,687 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PRMB. Wall Street Zen raised shares of Primo Brands from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Barclays upped their price target on shares of Primo Brands from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Weiss Ratings raised Primo Brands from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Royal Bank Of Canada set a $28.00 price objective on Primo Brands in a report on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Primo Brands from $24.00 to $19.00 and set a “hold” rating for the company in a report on Monday, March 30th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Primo Brands currently has an average rating of “Moderate Buy” and a consensus target price of $26.36.

View Our Latest Research Report on Primo Brands

Primo Brands Trading Up 0.5%

NYSE:PRMB opened at $22.82 on Tuesday. The firm has a market capitalization of $8.28 billion, a P/E ratio of 162.99, a P/E/G ratio of 1.92 and a beta of 0.73. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.72. The company has a fifty day moving average of $24.02 and a 200 day moving average of $21.33. Primo Brands Corporation has a 52 week low of $14.36 and a 52 week high of $29.00.

Primo Brands (NYSE:PRMB – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Primo Brands had a return on equity of 13.98% and a net margin of 0.88%.The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the business earned $0.29 EPS. Primo Brands’s revenue was up .8% on a year-over-year basis. On average, research analysts predict that Primo Brands Corporation will post 1.25 earnings per share for the current year.

Primo Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Thursday, June 4th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.48 annualized dividend and a dividend yield of 2.1%. Primo Brands’s dividend payout ratio (DPR) is presently 342.86%.

About Primo Brands

(Free Report)

Primo Brands (NYSE: PRMB) is a consumer packaged beverage company that was established as an independent entity following a corporate spin‐off in 2023. The company specializes in the production, marketing and distribution of a broad portfolio of bottled water products, including purified, mineral and sparkling varieties. Through its focus on quality control and innovation, Primo Brands aims to deliver clean, great-tasting water in formats tailored to both at-home consumption and on-the-go lifestyles.

Its product range spans multi-serve and single-serve bottles, aluminum cans and other eco-friendly packaging solutions.