S&CO Inc. bought a new stake in shares of Everpure, Inc. (NYSE:P – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 190,420 shares of the company’s stock, valued at approximately $15,003,000. S&CO Inc. owned approximately 0.06% of Everpure at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of P. Salomon & Ludwin LLC grew its stake in Everpure by 108.2% during the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after purchasing an additional 199 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of Everpure by 287.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after purchasing an additional 244 shares in the last quarter. Banque Transatlantique SA acquired a new position in shares of Everpure in the 3rd quarter valued at approximately $29,000. Cornerstone Planning Group LLC boosted its stake in shares of Everpure by 2,884.6% during the 4th quarter. Cornerstone Planning Group LLC now owns 388 shares of the company’s stock valued at $29,000 after buying an additional 375 shares during the last quarter. Finally, Greenline Wealth Management LLC purchased a new position in shares of Everpure during the 4th quarter valued at approximately $32,000. 83.42% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Everpure
In other Everpure news, insider Ajay Singh sold 9,787 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $78.12, for a total transaction of $764,560.44. Following the completion of the transaction, the insider directly owned 340,939 shares of the company’s stock, valued at $26,634,154.68. The trade was a 2.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Colgrove sold 100,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $104.39, for a total transaction of $10,439,000.00. Following the completion of the transaction, the insider owned 6,274,080 shares of the company’s stock, valued at approximately $654,951,211.20. This trade represents a 1.57% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 662,985 shares of company stock worth $58,821,008 over the last 90 days. Corporate insiders own 5.10% of the company’s stock.
Everpure Stock Performance
Everpure (NYSE:P – Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $1.05 billion for 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%.The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. Equities analysts predict that Everpure, Inc. will post 0.93 EPS for the current year.
Wall Street Analysts Forecast Growth
P has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Citigroup raised shares of Everpure from a “neutral” rating to a “buy” rating and upped their price target for the company from $90.00 to $118.00 in a report on Tuesday. UBS Group increased their price objective on shares of Everpure from $63.00 to $70.00 and gave the company a “sell” rating in a research note on Thursday, May 28th. Northland Securities set a $90.00 price objective on shares of Everpure in a report on Thursday, May 28th. Finally, Barclays boosted their target price on shares of Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Sixteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.45.
Get Our Latest Stock Report on Everpure
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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