Pacer Advisors Inc. grew its stake in Everpure, Inc. (NYSE:P – Free Report) by 47.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,668 shares of the company’s stock after buying an additional 28,571 shares during the quarter. Pacer Advisors Inc.’s holdings in Everpure were worth $5,942,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. One Capital Management LLC raised its holdings in shares of Everpure by 1.0% during the third quarter. One Capital Management LLC now owns 14,750 shares of the company’s stock worth $1,236,000 after acquiring an additional 141 shares during the period. Rothschild Investment LLC boosted its stake in Everpure by 18.1% in the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock worth $67,000 after purchasing an additional 152 shares during the period. GraniteShares Advisors LLC increased its holdings in Everpure by 2.3% during the 4th quarter. GraniteShares Advisors LLC now owns 6,918 shares of the company’s stock worth $464,000 after purchasing an additional 157 shares in the last quarter. GAMMA Investing LLC increased its holdings in Everpure by 2.4% during the 4th quarter. GAMMA Investing LLC now owns 6,938 shares of the company’s stock worth $465,000 after purchasing an additional 164 shares in the last quarter. Finally, Transamerica Financial Advisors LLC raised its stake in shares of Everpure by 50.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 508 shares of the company’s stock valued at $34,000 after purchasing an additional 170 shares during the period. Institutional investors own 83.42% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Morgan Stanley boosted their price target on Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Needham & Company LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Everpure in a report on Thursday, May 28th. Weiss Ratings assumed coverage on Everpure in a research report on Monday, April 20th. They issued a “hold (c)” rating on the stock. JPMorgan Chase & Co. boosted their target price on Everpure from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of Everpure in a research report on Thursday, May 28th. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Everpure presently has an average rating of “Moderate Buy” and an average price target of $96.32.
Everpure Stock Up 3.1%
Shares of NYSE:P opened at $76.92 on Tuesday. The business’s 50-day simple moving average is $76.90. Everpure, Inc. has a one year low of $50.88 and a one year high of $100.59. The company has a market cap of $25.57 billion, a PE ratio of 116.55, a PEG ratio of 4.22 and a beta of 1.44.
Everpure (NYSE:P – Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.Everpure’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. As a group, research analysts expect that Everpure, Inc. will post 0.92 EPS for the current year.
Insider Buying and Selling
In related news, insider John Colgrove sold 200,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the completion of the transaction, the insider directly owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 644,545 shares of company stock worth $49,302,220 over the last ninety days. Corporate insiders own 5.10% of the company’s stock.
Everpure Company Profile
Pure Storage, Inc provides data storage technologies, products, and services in the United States and internationally. The company’s Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array.
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