Kesler Norman & Wride LLC Acquires New Shares in Everpure, Inc. $P

Kesler Norman & Wride LLC acquired a new stake in shares of Everpure, Inc. (NYSE:P) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,923 shares of the company’s stock, valued at approximately $665,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Provenance Wealth Advisors LLC bought a new position in shares of Everpure in the third quarter worth $27,000. Sunbelt Securities Inc. grew its stake in shares of Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after purchasing an additional 244 shares in the last quarter. Foster Dykema Cabot & Partners LLC bought a new position in shares of Everpure in the third quarter worth $28,000. Assetmark Inc. grew its stake in shares of Everpure by 186.6% in the third quarter. Assetmark Inc. now owns 341 shares of the company’s stock worth $29,000 after purchasing an additional 222 shares in the last quarter. Finally, Banque Transatlantique SA bought a new position in shares of Everpure in the third quarter worth $29,000. Institutional investors and hedge funds own 83.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on P. Weiss Ratings began coverage on Everpure in a research note on Monday, April 20th. They issued a “hold (c)” rating for the company. Wedbush increased their price target on Everpure from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. increased their price target on Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Lake Street Capital increased their price target on Everpure from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $100.00 price target on shares of Everpure in a research note on Thursday, May 28th. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $96.32.

Everpure Stock Down 2.4%

Shares of Everpure stock opened at $80.98 on Thursday. The firm has a market capitalization of $26.76 billion, a PE ratio of 122.70, a PEG ratio of 5.88 and a beta of 1.44. Everpure, Inc. has a fifty-two week low of $50.20 and a fifty-two week high of $100.59.

Everpure (NYSE:P) 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 business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $997.88 million. Everpure had a return on equity of 15.97% and a net margin of 5.75%.The company’s revenue was up 35.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Equities analysts anticipate that Everpure, Inc. will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Everpure

In other news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $85.93, for a total value of $17,186,000.00. Following the completion of the sale, the insider owned 6,625,221 shares in the company, valued at $569,305,240.53. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 534,265 shares of company stock valued at $41,321,234 in 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.