S&CO Inc. Takes Position in Everpure, Inc. $P

S&CO Inc. acquired a new stake in shares of Everpure, Inc. (NYSE:P) during the second quarter, HoldingsChannel reports. The firm acquired 190,420 shares of the company’s stock, valued at approximately $15,003,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its position in Everpure by 0.8% in the 4th quarter. State Street Corp now owns 10,953,501 shares of the company’s stock valued at $733,994,000 after buying an additional 88,583 shares in the last quarter. Geode Capital Management LLC increased its stake in Everpure by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 7,716,158 shares of the company’s stock valued at $515,972,000 after buying an additional 207,317 shares during the period. Norges Bank bought a new stake in shares of Everpure during the 4th quarter worth about $265,327,000. Atreides Management LP bought a new stake in shares of Everpure during the 2nd quarter worth about $204,552,000. Finally, AQR Capital Management LLC raised its position in shares of Everpure by 62.7% during the 4th quarter. AQR Capital Management LLC now owns 3,414,715 shares of the company’s stock worth $228,820,000 after buying an additional 1,315,351 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors.

Everpure Trading Up 0.8%

NYSE:P opened at $118.33 on Friday. Everpure, Inc. has a fifty-two week low of $54.37 and a fifty-two week high of $118.81. The firm’s 50-day simple moving average is $78.64. The stock has a market cap of $39.33 billion, a PE ratio of 179.30, a PEG ratio of 6.63 and a beta of 1.45.

Everpure (NYSE:P) last issued its earnings results on Wednesday, May 27th. The company reported $0.47 earnings per share 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 the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. Sell-side analysts forecast that Everpure, Inc. will post 0.93 EPS for the current year.

Insider Activity at Everpure

In other Everpure news, insider John Colgrove sold 200,000 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $96.98, for a total value of $19,396,000.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan J.S. Taylor sold 8,543 shares of Everpure stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $81.74, for a total transaction of $698,304.82. Following the sale, the director directly owned 94,608 shares of the company’s stock, valued at $7,733,257.92. This trade represents a 8.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 662,985 shares of company stock valued at $58,821,008. Company insiders own 5.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on P shares. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Everpure in a report on Thursday, May 28th. Barclays boosted their target price on Everpure from $81.00 to $84.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. upped their target price on Everpure from $80.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Susquehanna upgraded Everpure from a “neutral” rating to a “positive” rating and upped their target price for the stock from $85.00 to $120.00 in a research report on Monday, August 10th. Finally, Wells Fargo & Company increased their price target on Everpure from $90.00 to $97.00 and gave the company an “overweight” rating in a research note 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $101.45.

About Everpure

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.