One Capital Management LLC Invests $2.30 Million in Everpure, Inc. $P

One Capital Management LLC acquired a new position in shares of Everpure, Inc. (NYSE:P) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 29,201 shares of the company’s stock, valued at approximately $2,301,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. National Pension Service bought a new stake in Everpure during the second quarter valued at about $4,400,000. Engineers Gate Manager LP acquired a new position in shares of Everpure during the 2nd quarter worth about $25,859,000. Integrated Wealth Concepts LLC acquired a new position in shares of Everpure during the 2nd quarter worth about $1,768,000. NewEdge Advisors LLC bought a new stake in Everpure during the 2nd quarter valued at approximately $2,089,000. Finally, IFP Advisors Inc bought a new stake in Everpure during the 2nd quarter valued at approximately $814,000. 83.42% of the stock is currently owned by institutional investors and hedge funds.

Everpure Stock Performance

Shares of P stock opened at $96.86 on Thursday. Everpure, Inc. has a one year low of $56.78 and a one year high of $119.10. The business has a fifty day moving average price of $89.24. The company has a market capitalization of $32.20 billion, a PE ratio of 132.69, a P/E/G ratio of 4.07 and a beta of 1.43.

Everpure (NYSE:P) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.51. The company had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The business’s revenue for the quarter was up 37.7% on a year-over-year basis. Research analysts anticipate that Everpure, Inc. will post 0.96 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Ajay Singh sold 9,787 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $78.12, for a total transaction of $764,560.44. Following the completion of the transaction, the insider owned 340,939 shares in the company, valued at $26,634,154.68. This trade represents a 2.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John Colgrove sold 200,000 shares of the business’s stock in a transaction 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 directly owned 6,474,080 shares in the company, valued at approximately $627,856,278.40. This represents a 3.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 817,420 shares of company stock valued at $77,269,792 over the last quarter. Corporate insiders own 5.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Citigroup lifted their price target on Everpure from $118.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. William Blair restated an “outperform” rating on shares of Everpure in a research note on Thursday, May 28th. DA Davidson set a $100.00 target price on shares of Everpure in a research report on Wednesday, July 1st. Raymond James Financial reiterated an “outperform” rating and set a $122.00 target price on shares of Everpure in a research note on Thursday, August 27th. Finally, Oppenheimer reissued an “outperform” rating and issued a $140.00 price target on shares of Everpure in a report on Thursday, August 20th. Seventeen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.10.

Everpure Profile

Everpure is a water-treatment and filtration brand owned by Pentair plc, rather than a separately listed company trading under the NYSE symbol P. The brand provides filtration and water-conditioning solutions for residential, commercial, foodservice, and beverage applications.

Its product portfolio includes water filters, cartridges, heads, manifolds, reverse-osmosis systems, scale-reduction products, and related treatment equipment. Everpure systems are used to improve water quality and help protect equipment in applications such as drinking-water dispensers, coffee and tea equipment, ice machines, restaurants, and other foodservice operations.

Everpure was established in 1933 and serves customers through Pentair’s global water-solutions business.