Stifel Financial Corp lifted its stake in shares of Pool Co. (NASDAQ:POOL) by 34.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,016 shares of the specialty retailer’s stock after purchasing an additional 4,823 shares during the period. Stifel Financial Corp’s holdings in Pool were worth $2,058,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in POOL. Northwestern Mutual Wealth Management Co. raised its stake in Pool by 1,198.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the specialty retailer’s stock valued at $134,000 after acquiring an additional 1,055 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Pool by 13.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,606 shares of the specialty retailer’s stock valued at $189,000 after acquiring an additional 185 shares during the period. FCG Advisors LLC raised its stake in Pool by 0.3% in the 2nd quarter. FCG Advisors LLC now owns 1,797 shares of the specialty retailer’s stock valued at $211,000 after acquiring an additional 6 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in Pool in the 3rd quarter valued at $217,000. Finally, Sawtooth Solutions LLC raised its stake in Pool by 2.3% in the 2nd quarter. Sawtooth Solutions LLC now owns 1,943 shares of the specialty retailer’s stock valued at $228,000 after acquiring an additional 44 shares during the period. Institutional investors own 94.18% of the company’s stock.
In related news, Director Robert C. Sledd sold 7,200 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $131.02, for a total value of $943,344.00. Following 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 accessible through this link. Also, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the firm’s 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 directly owns 61,708 shares in the company, valued at $7,450,006.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,330 shares of company stock worth $8,536,195. 7.00% of the stock is currently owned by insiders.
Pool Co. (NASDAQ POOL) traded down $0.31 during mid-day trading on Friday, reaching $131.21. The company’s stock had a trading volume of 111,467 shares, compared to its average volume of 160,588. The company has a quick ratio of 1.03, a current ratio of 2.61 and a debt-to-equity ratio of 2.64. The company has a market cap of $5,282.74, a PE ratio of 33.22 and a beta of 0.96. Pool Co. has a 1 year low of $97.25 and a 1 year high of $133.06.
Pool (NASDAQ:POOL) last released 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. The company had revenue of $743.40 million for the quarter. Pool had a return on equity of 69.28% and a net margin of 6.19%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. equities research analysts expect that Pool Co. will post 4.07 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the company. BidaskClub cut Pool from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Sidoti upgraded Pool from a “neutral” rating to a “buy” rating and increased their price target for the company from $119.00 to $131.00 in a research note on Friday, September 15th. Finally, Robert W. Baird increased their price objective on Pool from $125.00 to $131.00 and gave the stock an “outperform” rating in a research report on Friday, October 20th. Six investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $127.25.
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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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