State Treasurer State of Michigan lessened its position in Pool Co. (NASDAQ:POOL) by 7.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,400 shares of the specialty retailer’s stock after selling 1,100 shares during the period. State Treasurer State of Michigan’s holdings in Pool were worth $1,867,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of POOL. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Pool by 43.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,302 shares of the specialty retailer’s stock worth $298,000 after acquiring an additional 696 shares during the last quarter. Congress Asset Management Co. MA grew its holdings in shares of Pool by 3.7% in the 4th quarter. Congress Asset Management Co. MA now owns 754,267 shares of the specialty retailer’s stock worth $97,791,000 after acquiring an additional 26,585 shares during the last quarter. Handelsinvest Investeringsforvaltning grew its holdings in shares of Pool by 6.2% in the 4th quarter. Handelsinvest Investeringsforvaltning now owns 145,000 shares of the specialty retailer’s stock worth $18,799,000 after acquiring an additional 8,500 shares during the last quarter. Campbell Newman Asset Management Inc. grew its holdings in shares of Pool by 22.2% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 4,271 shares of the specialty retailer’s stock worth $554,000 after acquiring an additional 777 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Pool by 5.4% in the 4th quarter. SG Americas Securities LLC now owns 10,855 shares of the specialty retailer’s stock worth $1,407,000 after acquiring an additional 560 shares during the last quarter. 93.76% of the stock is currently owned by institutional investors.
In other news, Director Robert C. Sledd sold 7,200 shares of Pool stock in a transaction on Monday, December 18th. The stock was sold at an average price of $131.02, for a total transaction of $943,344.00. Following the transaction, the director now owns 23,814 shares in the company, valued at $3,120,110.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.00% of the company’s stock.
Pool Co. (NASDAQ:POOL) opened at $130.43 on Wednesday. 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 stock has a market capitalization of $5,216.46, a price-to-earnings ratio of 33.91 and a beta of 0.91. Pool Co. has a 1-year low of $97.25 and a 1-year high of $136.72.
Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 15th. The specialty retailer reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.11). Pool had a return on equity of 69.28% and a net margin of 6.19%. analysts anticipate that Pool Co. will post 4.07 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the company. BidaskClub upgraded Pool from a “hold” rating to a “buy” rating in a report on Saturday. Robert W. Baird lifted their target price on Pool from $125.00 to $131.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Six equities research analysts have rated the stock with a buy rating, Pool currently has an average rating of “Buy” and a consensus 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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