Advisor Group Inc. raised its holdings in shares of Pool Corporation (NASDAQ:POOL) by 57.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,872 shares of the specialty retailer’s stock after acquiring an additional 2,860 shares during the quarter. Advisor Group Inc.’s holdings in Pool were worth $852,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Pool by 1.3% in the second quarter. BlackRock Inc. now owns 3,302,906 shares of the specialty retailer’s stock worth $388,322,000 after purchasing an additional 42,148 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Pool by 1.4% in the second quarter. Vanguard Group Inc. now owns 3,218,512 shares of the specialty retailer’s stock worth $378,401,000 after purchasing an additional 45,888 shares during the last quarter. Eagle Asset Management Inc. increased its holdings in shares of Pool by 11.0% in the second quarter. Eagle Asset Management Inc. now owns 1,125,341 shares of the specialty retailer’s stock worth $132,306,000 after purchasing an additional 111,250 shares during the last quarter. FMR LLC increased its holdings in shares of Pool by 2.1% in the second quarter. FMR LLC now owns 1,098,147 shares of the specialty retailer’s stock worth $129,109,000 after purchasing an additional 22,236 shares during the last quarter. Finally, Villere ST Denis J & Co. LLC increased its stake in Pool by 4.0% during the third quarter. Villere ST Denis J & Co. LLC now owns 755,204 shares of the specialty retailer’s stock worth $81,690,000 after acquiring an additional 28,780 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.
POOL has been the topic of several analyst reports. Sidoti raised Pool from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $119.00 to $131.00 in a research note on Friday, September 15th. Robert W. Baird boosted their price target on Pool from $125.00 to $131.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Finally, BidaskClub lowered Pool from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $127.25.
Shares of Pool Corporation (NASDAQ:POOL) traded up $1.62 on Thursday, reaching $127.85. The company’s stock had a trading volume of 287,974 shares, compared to its average volume of 243,326. The firm has a market cap of $5,131.31, a P/E ratio of 33.35 and a beta of 0.96. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.61 and a quick ratio of 1.03. Pool Corporation has a 12 month low of $97.25 and a 12 month high of $130.92.
Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.02. Pool had a net margin of 6.19% and a return on equity of 69.28%. The business had revenue of $743.40 million for the quarter. During the same period in the previous year, the company earned $1.03 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. analysts predict that Pool Corporation will post 4.07 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, November 14th. Pool’s dividend payout ratio is presently 37.47%.
In other Pool news, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $120.73, for a total value of $5,750,128.44. Following the completion of the sale, the chief executive officer now owns 61,708 shares in the company, valued at approximately $7,450,006.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Harlan F. Seymour sold 15,502 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $118.87, for a total transaction of $1,842,722.74. Following the completion of the sale, the director now owns 15,995 shares of the company’s stock, valued at approximately $1,901,325.65. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.
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Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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