Truist Financial Corp Has $2.38 Million Position in Everpure, Inc. $P

Truist Financial Corp increased its holdings in shares of Everpure, Inc. (NYSE:P) by 47.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,491 shares of the company’s stock after acquiring an additional 11,440 shares during the period. Truist Financial Corp’s holdings in Everpure were worth $2,378,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Winnow Wealth LLC acquired a new stake in shares of Everpure during the 3rd quarter valued at about $26,000. Provenance Wealth Advisors LLC acquired a new stake in Everpure in the 3rd quarter valued at $27,000. Salomon & Ludwin LLC boosted its stake in Everpure by 108.2% in the 4th quarter. Salomon & Ludwin LLC now owns 383 shares of the company’s stock valued at $27,000 after buying an additional 199 shares in the last quarter. Foster Dykema Cabot & Partners LLC acquired a new stake in Everpure in the 3rd quarter valued at $28,000. Finally, Sunbelt Securities Inc. boosted its stake in Everpure by 287.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock valued at $28,000 after buying an additional 244 shares in the last quarter. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider John Colgrove sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $85.93, for a total transaction of $17,186,000.00. Following the transaction, the insider directly owned 6,625,221 shares in the company, valued at approximately $569,305,240.53. This represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 534,265 shares of company stock worth $41,321,234 in the last quarter. 5.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on P. Citigroup decreased their price target on Everpure from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. Weiss Ratings started coverage on Everpure in a research note on Monday, April 20th. They issued a “hold (c)” rating on the stock. Wells Fargo & Company reduced their price target on shares of Everpure from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Wall Street Zen upgraded shares of Everpure from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Barclays boosted their price target on shares of Everpure from $77.00 to $81.00 and gave the company an “equal weight” rating in a research report on Thursday, February 26th. Thirteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.21.

Everpure Trading Up 1.4%

Everpure stock opened at $84.52 on Thursday. The firm has a market capitalization of $27.93 billion, a price-to-earnings ratio of 153.68, a price-to-earnings-growth ratio of 6.22 and a beta of 1.44. Everpure, Inc. has a 52 week low of $50.20 and a 52 week high of $100.59.

Everpure (NYSE:P) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Everpure had a return on equity of 14.36% and a net margin of 5.14%.The business’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Research analysts anticipate that Everpure, Inc. will post 0.72 earnings per share for the current year.

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.