Everpure (NYSE:P) Stock: Insider Ajay Singh Sells 42,930 Shares

Everpure, Inc. (NYSE:P) insider Ajay Singh sold 42,930 shares of the stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $124.17, for a total value of $5,330,618.10. Following the completion of the transaction, the insider directly owned 288,362 shares of the company’s stock, valued at approximately $35,805,909.54. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Ajay Singh also recently made the following trade(s):

• On Wednesday, July 8th, Ajay Singh sold 9,787 shares of Everpure stock. The stock was sold at an average price of $78.12, for a total transaction of $764,560.44.

Everpure Stock Up 2.7%

Shares of P traded up $3.41 on Monday, hitting $129.41. The company’s stock had a trading volume of 4,594,728 shares, compared to its average volume of 3,769,247. The firm has a market capitalization of $43.12 billion, a P/E ratio of 177.27, a PEG ratio of 4.20 and a beta of 1.43. Everpure, Inc. has a fifty-two week low of $56.78 and a fifty-two week high of $131.41. The business has a 50 day moving average price of $96.63.

Everpure (NYSE:P) last issued its quarterly earnings data on Wednesday, August 26th. The company reported $0.70 EPS for the quarter, topping 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 firm had revenue of $1.19 billion for the quarter. Everpure’s quarterly revenue was up 37.7% on a year-over-year basis. On average, research analysts predict that Everpure, Inc. will post 0.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC bought a new position in shares of Everpure in the second quarter valued at about $29,000. Reflection Asset Management bought a new position in shares of Everpure during the fourth quarter worth approximately $32,000. SHP Wealth Management acquired a new stake in Everpure during the 4th quarter worth approximately $36,000. Rothschild Investment LLC increased its position in Everpure by 18.1% during the 4th quarter. Rothschild Investment LLC now owns 993 shares of the company’s stock worth $67,000 after buying an additional 152 shares during the period. Finally, Ancora Advisors LLC bought a new stake in shares of Everpure in the second quarter valued at about $67,000. 83.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on P shares. Barclays raised their price target on Everpure from $110.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday. Evercore restated an “outperform” rating and issued a $145.00 price objective on shares of Everpure in a research report on Thursday. JPMorgan Chase & Co. increased their price target on Everpure from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, August 27th. Northland Securities set a $167.00 price target on shares of Everpure in a report on Thursday. Finally, TD Cowen increased their target price on Everpure from $100.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Seventeen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Everpure currently has a consensus rating of “Moderate Buy” and an average target price of $138.25.

Key Stories Impacting Everpure

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure’s forecast for approximately $7 billion in future revenue reportedly exceeded Wall Street expectations by a wide margin, prompting a strong share-price rally. The outlook reflects significant demand from hyperscale customers and suggests that growth estimates may continue moving higher. Everpure’s $7 Billion Forecast Just Blew Past Wall Street’s Numbers
• Positive Sentiment: Analysts have responded favorably following Everpure’s analyst day. J.P. Morgan maintained its Buy rating, while other analysts reportedly raised price targets, reinforcing the bullish view on the company’s growth prospects. J.P. Morgan Sticks to Its Buy Rating for Everpure
• Positive Sentiment: Northland Securities raised its forecast for Everpure’s first-quarter earnings, adding to expectations for continued earnings growth. The company’s latest reported quarter also showed revenue growth of about 38% year over year to roughly $1.2 billion and an earnings-per-share beat. Everpure Q1 Earnings Forecast Raised by Northland Securities
• Neutral Sentiment: Comparisons with Vontier Corporation (VNT) and Intchains Group (ICG) provide context for valuation-focused investors but do not represent new operating developments at Everpure. VNT vs. P: Which Stock Should Value Investors Buy Now?
• Negative Sentiment: Despite strong revenue and profit growth, Everpure reported negative operating cash flow of approximately $136 million. Its path to the long-term forecast also depends heavily on a small number of hyperscale customers, which could create pricing and customer-concentration risks. The stock’s elevated valuation leaves less room for execution disappointments. Everpure: Every Analyst Raised Targets After Analyst Day

Everpure Company 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.