Blair William & Co. IL Has $204.62 Million Holdings in Everpure, Inc. $P

Blair William & Co. IL cut its position in shares of Everpure, Inc. (NYSE:P) by 1.0% in the fourth quarter, Holdings Channel reports. The firm owned 3,053,622 shares of the company’s stock after selling 31,430 shares during the period. Blair William & Co. IL’s holdings in Everpure were worth $204,623,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Provenance Wealth Advisors LLC acquired a new position in Everpure in the third quarter worth approximately $27,000. Salomon & Ludwin LLC lifted its stake in Everpure by 108.2% in the fourth quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after acquiring an additional 199 shares during the last quarter. Foster Dykema Cabot & Partners LLC bought a new stake in Everpure in the third quarter worth approximately $28,000. Sunbelt Securities Inc. grew its position in Everpure by 287.1% in the third quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after acquiring an additional 244 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of Everpure by 186.6% during the 3rd quarter. Assetmark Inc. now owns 341 shares of the company’s stock worth $29,000 after purchasing an additional 222 shares during the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Everpure Price Performance

P stock opened at $73.18 on Wednesday. The stock has a market cap of $24.33 billion, a price-to-earnings ratio of 110.89, a PEG ratio of 4.23 and a beta of 1.44. Everpure, Inc. has a 52-week low of $50.87 and a 52-week high of $100.59.

Everpure (NYSE:P) last posted its quarterly earnings data 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 return on equity of 15.97% and a net margin of 5.75%.The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $997.88 million. During the same period in the previous year, the company posted $0.29 earnings per share. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. As a group, equities analysts anticipate that Everpure, Inc. will post 0.92 EPS for the current fiscal year.

Insider Activity at Everpure

In other news, insider John Colgrove sold 200,000 shares of the stock in a transaction that occurred 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 directly owned 6,625,221 shares of the company’s stock, valued at approximately $569,305,240.53. This represents a 2.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 644,545 shares of company stock worth $49,302,220 in the last three months. 5.10% of the stock is owned by insiders.

Analyst Ratings Changes

P has been the topic of a number of recent research reports. Piper Sandler restated an “overweight” rating on shares of Everpure in a report on Thursday, May 28th. William Blair reissued an “outperform” rating on shares of Everpure in a research report on Thursday, May 28th. Guggenheim raised their target price on Everpure from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Citigroup cut Everpure from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a research report on Thursday, May 14th. Finally, UBS Group upped their price target on Everpure from $63.00 to $70.00 and gave the stock a “sell” rating in a research note on Thursday, May 28th. Thirteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Everpure currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.32.

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.