Envestnet Asset Management Inc. Grows Position in Pool Co. (POOL)

Envestnet Asset Management Inc. boosted its stake in Pool Co. (NASDAQ:POOL) by 56.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,111 shares of the specialty retailer’s stock after acquiring an additional 3,640 shares during the period. Envestnet Asset Management Inc.’s holdings in Pool were worth $1,096,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of POOL. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Pool by 1,198.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the specialty retailer’s stock worth $134,000 after purchasing an additional 1,055 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Pool by 13.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,606 shares of the specialty retailer’s stock worth $189,000 after purchasing an additional 185 shares during the period. Polen Capital Management LLC acquired a new stake in shares of Pool during the third quarter worth $207,000. FCG Advisors LLC raised its holdings in shares of Pool by 0.3% during the second quarter. FCG Advisors LLC now owns 1,797 shares of the specialty retailer’s stock worth $211,000 after purchasing an additional 6 shares during the period. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Pool during the third quarter worth $217,000. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Robert C. Sledd sold 7,200 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $131.02, for a total value of $943,344.00. Following the completion of the sale, the director now directly owns 23,814 shares of the company’s stock, valued at $3,120,110.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harlan F. Seymour sold 15,502 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was 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 directly owns 15,995 shares of the company’s stock, valued at $1,901,325.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,330 shares of company stock valued at $8,536,195. Insiders own 7.00% of the company’s stock.

POOL has been the subject of several recent research reports. BidaskClub lowered shares of Pool from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Robert W. Baird upped their price target on shares of Pool from $125.00 to $131.00 and gave the stock an “outperform” rating in a research report on Friday, October 20th. Finally, Sidoti upgraded shares of Pool from a “neutral” rating to a “buy” rating and upped their price target for the stock from $119.00 to $131.00 in a research report on Friday, September 15th. Six investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $127.25.

Pool Co. (POOL) traded up $1.15 during trading on Thursday, hitting $131.52. 249,065 shares of the stock traded hands, compared to its average volume of 170,033. The company has a market capitalization of $5,220.00, a price-to-earnings ratio of 33.30 and a beta of 0.95. The company has a quick ratio of 1.03, a current ratio of 2.61 and a debt-to-equity ratio of 2.64. Pool Co. has a fifty-two week low of $97.25 and a fifty-two week high of $133.06.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.02. The firm had revenue of $743.40 million during the quarter. Pool had a net margin of 6.19% and a return on equity of 69.28%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. research analysts expect that Pool Co. will post 4.07 earnings per share for the current year.

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Pool Profile

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).

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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