Ashford Capital Management Inc. Has $1.65 Million Stake in Everpure, Inc. $P

Ashford Capital Management Inc. decreased its holdings in shares of Everpure, Inc. (NYSE:P) by 27.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,568 shares of the company’s stock after selling 9,200 shares during the period. Ashford Capital Management Inc.’s holdings in Everpure were worth $1,646,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in P. Integrated Wealth Concepts LLC acquired a new position in Everpure during the first quarter worth $541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Everpure by 129.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,742 shares of the company’s stock valued at $387,000 after acquiring an additional 4,926 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Everpure by 109.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,137,939 shares of the company’s stock valued at $50,377,000 after acquiring an additional 595,307 shares during the last quarter. Empowered Funds LLC grew its position in shares of Everpure by 4.2% in the 1st quarter. Empowered Funds LLC now owns 4,790 shares of the company’s stock valued at $212,000 after acquiring an additional 194 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Everpure by 261.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,203 shares of the company’s stock valued at $184,000 after acquiring an additional 2,316 shares during the period. Institutional investors and hedge funds own 83.42% of the company’s stock.

Everpure Stock Performance

Shares of P opened at $73.18 on Wednesday. Everpure, Inc. has a fifty-two week low of $50.87 and a fifty-two week high of $100.59. The stock has a market capitalization of $24.33 billion, a PE ratio of 110.89, a P/E/G ratio of 4.23 and a beta of 1.44.

Everpure (NYSE:P) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.47 EPS 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 business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. During the same period last year, the firm earned $0.29 earnings per share. Everpure’s revenue for the quarter was up 35.2% compared to the same quarter last year. Equities research analysts anticipate that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Insider Buying and Selling at Everpure

In other news, insider John Colgrove sold 99,900 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $71.04, for a total value of $7,096,896.00. Following the sale, the insider directly owned 2,615,000 shares in the company, valued at approximately $185,769,600. This trade represents a 3.68% decrease in their position. The transaction 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. In the last 90 days, insiders have sold 644,545 shares of company stock valued at $49,302,220. Company insiders own 5.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on P. Lake Street Capital boosted their price objective on shares of Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Piper Sandler restated an “overweight” rating on shares of Everpure in a research note on Thursday, May 28th. Morgan Stanley boosted their price objective on shares of Everpure from $84.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Wedbush boosted their price objective on shares of Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $100.00 price objective on shares of Everpure in a research note on Thursday, May 28th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $96.32.

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.