National Pension Service Acquires New Position in Everpure, Inc. $P

National Pension Service bought a new position in shares of Everpure, Inc. (NYSE:P) during the second quarter, HoldingsChannel.com reports. The firm bought 55,840 shares of the company’s stock, valued at approximately $4,400,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. lifted its stake in shares of Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company’s stock worth $28,000 after purchasing an additional 244 shares during the period. Continuum Advisory LLC purchased a new stake in shares of Everpure in the second quarter valued at $29,000. Banque Transatlantique SA purchased a new stake in shares of Everpure in the third quarter valued at $29,000. Reflection Asset Management acquired a new position in Everpure in the fourth quarter valued at $32,000. Finally, Greenline Wealth Management LLC acquired a new position in Everpure in the fourth quarter valued at $32,000. 83.42% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Everpure news, insider Ajay Singh sold 9,787 shares of the company’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $78.12, for a total value of $764,560.44. Following the completion of the transaction, the insider directly owned 340,939 shares of the company’s stock, valued at $26,634,154.68. This represents a 2.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew Brown sold 4,735 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $72.57, for a total value of $343,618.95. Following the sale, the director owned 27,683 shares of the company’s stock, valued at $2,008,955.31. This represents a 14.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 717,520 shares of company stock valued at $70,172,896 in the last 90 days. Company insiders own 5.10% of the company’s stock.

Everpure Stock Performance

NYSE P opened at $98.05 on Monday. The stock has a market cap of $32.67 billion, a PE ratio of 134.32, a PEG ratio of 3.95 and a beta of 1.43. Everpure, Inc. has a fifty-two week low of $56.78 and a fifty-two week high of $119.10. The business has a 50 day moving average of $90.17.

Everpure (NYSE:P) last posted 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. Everpure had a net margin of 5.94% and a return on equity of 19.06%. The company had revenue of $1.19 billion for the quarter. The company’s quarterly revenue was up 37.7% compared to the same quarter last year. Equities analysts anticipate that Everpure, Inc. will post 0.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Guggenheim reissued a “buy” rating and issued a $150.00 price target on shares of Everpure in a research note on Thursday, August 27th. UBS Group increased their price objective on shares of Everpure from $70.00 to $80.00 and gave the stock a “sell” rating in a report on Thursday, August 27th. Lake Street Capital reissued a “buy” rating and issued a $120.00 target price on shares of Everpure in a research report on Thursday, August 27th. Bank of America upgraded shares of Everpure from a “neutral” rating to a “buy” rating and boosted their target price for the company from $90.00 to $150.00 in a report on Thursday, August 27th. Finally, Wells Fargo & Company upped their price target on shares of Everpure from $97.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Seventeen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.