Everpure, Inc. $P Stock Position Lowered by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC cut its stake in shares of Everpure, Inc. (NYSE:P) by 54.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,244 shares of the company’s stock after selling 12,202 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Everpure were worth $1,340,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Continuum Advisory LLC purchased a new position in Everpure in the 2nd quarter valued at $29,000. Fortitude Family Office LLC increased its stake in Everpure by 49.0% in the 3rd quarter. Fortitude Family Office LLC now owns 362 shares of the company’s stock valued at $47,000 after buying an additional 119 shares during the period. Provenance Wealth Advisors LLC purchased a new position in Everpure during the 3rd quarter worth $47,000. Reyes Financial Architecture Inc. purchased a new position in Everpure during the 3rd quarter worth $48,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Everpure in the 3rd quarter worth $61,000. 83.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Everpure

In related news, Director Scott Dietzen sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $141.60, for a total value of $8,496,000.00. Following the completion of the sale, the director owned 70,000 shares in the company, valued at $9,912,000. This trade represents a 46.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mallun Yen sold 11,942 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The shares were sold at an average price of $146.97, for a total transaction of $1,755,115.74. Following the completion of the sale, the director owned 31,339 shares of the company’s stock, valued at $4,605,892.83. This trade represents a 27.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 745,371 shares of company stock valued at $92,333,246. Company insiders own 5.10% of the company’s stock.

Everpure Price Performance

Shares of P stock opened at $110.19 on Friday. The business’s fifty day moving average price is $120.95 and its 200 day moving average price is $95.92. Everpure, Inc. has a 1-year low of $56.78 and a 1-year high of $157.57. The firm has a market capitalization of $36.72 billion, a PE ratio of 150.95, a P/E/G ratio of 3.55 and a beta of 1.43.

Everpure (NYSE:P) last released its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.51. Everpure had a return on equity of 19.06% and a net margin of 5.94%. The firm had revenue of $1.19 billion during the quarter. The company’s revenue for the quarter was up 37.7% compared to the same quarter last year. Equities research analysts expect that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on P shares. Citigroup lifted their target price on shares of Everpure from $130.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, September 24th. Zacks Research upgraded shares of Everpure from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Lake Street Capital increased their price target on shares of Everpure from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Needham & Company LLC raised their price objective on shares of Everpure from $150.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 8th. Finally, Weiss Ratings raised Everpure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Everpure presently has an average rating of “Moderate Buy” and an average target price of $149.05.

Everpure Profile

Everpure, formerly known as Pure Storage, provides data storage and management technology for businesses and other organizations. Its offerings are designed to support applications, databases, analytics, cloud environments and other data-intensive workloads. The company’s portfolio includes FlashArray systems for block and file storage, FlashBlade systems for unstructured data and high-performance workloads, and Pure1 software for monitoring and managing storage environments. Everpure also offers subscription-based services, including its Evergreen storage model.