Pacer Advisors Inc. Purchases 28,571 Shares of Everpure, Inc. $P

Pacer Advisors Inc. increased its position in Everpure, Inc. (NYSE:P) by 47.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,668 shares of the company’s stock after purchasing an additional 28,571 shares during the quarter. Pacer Advisors Inc.’s holdings in Everpure were worth $5,942,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in P. Provenance Wealth Advisors LLC bought a new position in shares of Everpure in the 3rd quarter valued at about $27,000. Salomon & Ludwin LLC grew its position in shares of Everpure by 108.2% during the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock worth $27,000 after buying an additional 199 shares during the period. Foster Dykema Cabot & Partners LLC bought a new stake in shares of Everpure during the third quarter worth approximately $28,000. Sunbelt Securities Inc. lifted its holdings in Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after buying an additional 244 shares during the period. Finally, Assetmark Inc. lifted its holdings in Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock valued at $29,000 after buying an additional 222 shares during the period. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Everpure in a report on Thursday, May 28th. Morgan Stanley increased their price target on Everpure from $84.00 to $87.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Wells Fargo & Company raised their price target on Everpure from $90.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Wedbush raised their price target on Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings assumed coverage on Everpure in a research note on Monday, April 20th. They set a “hold (c)” rating for the company. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Everpure currently has a consensus rating of “Moderate Buy” and an average target price of $96.32.

Everpure Price Performance

Shares of NYSE:P opened at $76.92 on Tuesday. The firm has a 50 day moving average price of $76.90. The company has a market capitalization of $25.57 billion, a P/E ratio of 116.55, a PEG ratio of 4.22 and a beta of 1.44. Everpure, Inc. has a 52 week low of $50.88 and a 52 week high of $100.59.

Everpure (NYSE:P) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Everpure had a net margin of 5.75% and a return on equity of 15.97%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $997.88 million. During the same period last year, the firm posted $0.29 earnings per share. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. As a group, equities analysts forecast that Everpure, Inc. will post 0.92 earnings per share for the current year.

Insider Buying and Selling

In other Everpure news, insider John Colgrove sold 99,900 shares of Everpure stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $71.04, for a total transaction of $7,096,896.00. Following the transaction, the insider directly owned 2,615,000 shares in the company, valued at approximately $185,769,600. The trade was a 3.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 644,545 shares of company stock worth $49,302,220. Company insiders own 5.10% of the company’s stock.

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.