PFA Pension Forsikringsaktieselskab Takes $10.95 Million Position in Everpure, Inc. $P

Key Points

• PFA Pension Forsikringsaktieselskab opened a new stake of 161,500 shares (~$10.95 million) in Everpure in Q4, joining other institutions that together now own 83.42% of the company.
• Everpure beat Q4 expectations with $0.69 EPS vs. $0.65 est. and revenue of $1.06 billion (up 20.4% YoY); the stock trades with a market cap of $23.66 billion and a P/E of 130.16.
• Insiders have been net sellers—200,000 shares (~$14.05M) sold in the last 90 days (including John Colgrove’s sale)—while analysts maintain a consensus "Moderate Buy" with an average target of $93.21.

PFA Pension Forsikringsaktieselskab acquired a new stake in Everpure, Inc. (NYSE:P - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 161,500 shares of the company's stock, valued at approximately $10,948,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Fifth Third Bancorp boosted its stake in shares of Everpure by 14.7% in the fourth quarter. Fifth Third Bancorp now owns 6,799 shares of the company's stock valued at $456,000 after purchasing an additional 873 shares during the period. Danske Bank A S boosted its stake in shares of Everpure by 5.4% in the fourth quarter. Danske Bank A S now owns 315,082 shares of the company's stock valued at $21,114,000 after purchasing an additional 16,271 shares during the period. Mutual Advisors LLC boosted its stake in shares of Everpure by 9.5% in the fourth quarter. Mutual Advisors LLC now owns 8,383 shares of the company's stock valued at $562,000 after purchasing an additional 724 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of Everpure by 15.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 5,528 shares of the company's stock valued at $370,000 after purchasing an additional 732 shares during the period. Finally, Sigma Planning Corp boosted its stake in shares of Everpure by 6.0% in the fourth quarter. Sigma Planning Corp now owns 6,548 shares of the company's stock valued at $439,000 after purchasing an additional 372 shares during the period. Hedge funds and other institutional investors own 83.42% of the company's stock.

Everpure Stock Performance

Shares of NYSE:P opened at $71.59 on Monday. The company has a market capitalization of $23.66 billion, a P/E ratio of 130.16, a PEG ratio of 5.35 and a beta of 1.44. Everpure, Inc. has a fifty-two week low of $46.31 and a fifty-two week high of $100.59.

Everpure (NYSE:P - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.04. Everpure had a net margin of 5.14% and a return on equity of 14.36%. The company had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter last year, the company earned $0.45 earnings per share. The firm's revenue for the quarter was up 20.4% on a year-over-year basis. As a group, analysts predict that Everpure, Inc. will post 0.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Everpure news, insider John Colgrove sold 28,935 shares of the firm's stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $70.01, for a total transaction of $2,025,739.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 200,000 shares of company stock worth $14,046,750 over the last 90 days. 5.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on P shares. Citigroup lowered their price objective on shares of Everpure from $105.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, February 17th. Northland Securities raised shares of Everpure from a "market perform" rating to an "outperform" rating and raised their target price for the company from $77.00 to $81.00 in a report on Monday, March 9th. Weiss Ratings began coverage on shares of Everpure in a report on Monday, April 20th. They issued a "hold (c)" rating on the stock. Piper Sandler reaffirmed a "buy" rating on shares of Everpure in a report on Thursday, February 26th. Finally, Barclays raised their target price on shares of Everpure from $77.00 to $81.00 and gave the company an "equal weight" rating in a report on Thursday, February 26th. Thirteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $93.21.

Everpure Company Profile

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.

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