Outfitters Financial LLC cut its position in shares of Everpure, Inc. (NYSE:P – Free Report) by 50.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,873 shares of the company’s stock after selling 7,862 shares during the quarter. Outfitters Financial LLC’s holdings in Everpure were worth $1,030,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of P. Fortitude Family Office LLC lifted its stake in Everpure by 49.0% in the 3rd quarter. Fortitude Family Office LLC now owns 362 shares of the company’s stock valued at $47,000 after acquiring an additional 119 shares in the last quarter. Continuum Advisory LLC acquired a new position in Everpure during the 2nd quarter worth approximately $29,000. Reyes Financial Architecture Inc. bought a new position in shares of Everpure during the 3rd quarter worth approximately $48,000. Root Financial Partners LLC bought a new position in shares of Everpure during the 3rd quarter worth approximately $61,000. Finally, Ancora Advisors LLC bought a new position in shares of Everpure during the 2nd quarter worth approximately $67,000. Institutional investors and hedge funds own 83.42% of the company’s stock.
Everpure Stock Performance
Shares of P traded up $2.13 during midday trading on Friday, reaching $123.33. The stock had a trading volume of 2,120,740 shares, compared to its average volume of 4,276,010. The stock has a market cap of $41.10 billion, a price-to-earnings ratio of 168.94, a PEG ratio of 4.04 and a beta of 1.39. The company’s 50 day simple moving average is $117.36. Everpure, Inc. has a one year low of $56.78 and a one year high of $157.57.
Everpure (NYSE:P – Get Free Report) last issued its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company had revenue of $1.19 billion for the quarter. The firm’s revenue for the quarter was up 37.7% on a year-over-year basis. As a group, analysts anticipate that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on P. Lake Street Capital boosted their price objective on shares of Everpure from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, September 24th. Wedbush reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Everpure in a research report on Thursday, September 24th. Wall Street Zen lowered shares of Everpure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Weiss Ratings raised shares of Everpure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Finally, Northland Securities set a $167.00 price target on shares of Everpure in a research report on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Everpure presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.25.
Get Our Latest Research Report on P
Insiders Place Their Bets
In other Everpure news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $96.98, for a total value of $19,396,000.00. Following the sale, the insider owned 6,474,080 shares in the company, valued at $627,856,278.40. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,235,091 shares of company stock worth $142,276,537 over the last 90 days. 5.10% of the stock is owned by insiders.
Everpure 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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