Nykredit A S Makes New Investment in Everpure, Inc. $P

Key Points

• Nykredit A/S initiated a position in Everpure, purchasing 119,452 shares valued at approximately $9.4 million. Institutional investors and hedge funds collectively own 83.42% of the company.
• Everpure reported quarterly revenue of $1.19 billion, up 37.7% year over year, and EPS of $0.70—well above the $0.19 analyst consensus. Analysts maintain a “Moderate Buy” consensus with an average price target of $129.10.
• The article contains a notable identification discrepancy: it presents Everpure as trading under NYSE:P, but later states Everpure is a Pentair-owned brand rather than a separately listed company.

Nykredit A S bought a new position in shares of Everpure, Inc. (NYSE:P - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 119,452 shares of the company's stock, valued at approximately $9,412,000.

Other hedge funds also recently bought and sold shares of the company. Range Advisory LLC raised its holdings in Everpure by 18.5% in the second quarter. Range Advisory LLC now owns 9,664 shares of the company's stock valued at $761,000 after acquiring an additional 1,512 shares in the last quarter. Corient Private Wealth LP acquired a new position in Everpure in the second quarter valued at $3,085,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Everpure in the 2nd quarter valued at about $7,609,000. Greenland Capital Management LP acquired a new stake in shares of Everpure in the second quarter valued at approximately $604,000. Finally, Ameritas Advisory Services LLC purchased a new position in Everpure during the 2nd quarter worth $476,000. Institutional investors and hedge funds own 83.42% of the company's stock.

Everpure Price Performance

NYSE:P opened at $104.10 on Monday. Everpure, Inc. has a twelve month low of $56.78 and a twelve month high of $119.10. The company's fifty day simple moving average is $92.22. The firm has a market cap of $34.69 billion, a price-to-earnings ratio of 142.60, a price-to-earnings-growth ratio of 4.19 and a beta of 1.43.

Everpure (NYSE:P - Get Free Report) last posted its earnings results 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 return on equity of 19.06% and a net margin of 5.94%.The business had revenue of $1.19 billion during the quarter. The company's quarterly revenue was up 37.7% compared to the same quarter last year. Equities research analysts forecast that Everpure, Inc. will post 0.96 EPS for the current year.

Insider Activity

In other news, Director Susan J.S. Taylor sold 8,543 shares of the firm's stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $81.74, for a total transaction of $698,304.82. Following the completion of the sale, the director owned 94,608 shares of the company's stock, valued at approximately $7,733,257.92. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ajay Singh sold 9,787 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 340,939 shares of the company's stock, valued at $26,634,154.68. The trade was a 2.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 812,785 shares of company stock worth $79,303,775 over the last ninety days. Corporate insiders own 5.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Everpure from $97.00 to $135.00 and gave the company an "overweight" rating in a research note on Thursday, August 27th. JPMorgan Chase & Co. increased their target price on shares of Everpure from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, August 27th. Raymond James Financial reaffirmed an "outperform" rating and set a $122.00 price target on shares of Everpure in a research note on Thursday, August 27th. DA Davidson set a $100.00 price objective on Everpure in a research report on Wednesday, July 1st. Finally, Barclays upped their target price on shares of Everpure from $84.00 to $110.00 and gave the company an "equal weight" rating in a report on Friday, August 28th. Seventeen equities 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $129.10.

About Everpure

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.

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