Tocqueville Asset Management L.P. purchased a new position in Pool Co. (NASDAQ:POOL) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,700 shares of the specialty retailer’s stock, valued at approximately $350,000.
Other large investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Pool by 74.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 975,690 shares of the specialty retailer’s stock worth $105,541,000 after acquiring an additional 417,759 shares during the period. GSA Capital Partners LLP lifted its stake in Pool by 109.1% during the third quarter. GSA Capital Partners LLP now owns 28,018 shares of the specialty retailer’s stock valued at $3,031,000 after purchasing an additional 14,616 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Pool by 5.8% during the third quarter. Bank of New York Mellon Corp now owns 600,326 shares of the specialty retailer’s stock valued at $64,937,000 after purchasing an additional 32,994 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Pool by 40.3% during the third quarter. Russell Investments Group Ltd. now owns 108,695 shares of the specialty retailer’s stock valued at $11,758,000 after purchasing an additional 31,218 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Pool by 4.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 236,159 shares of the specialty retailer’s stock valued at $30,619,000 after purchasing an additional 9,696 shares during the last quarter. 95.72% of the stock is owned by institutional investors.
In other news, insider Romain Kenneth G. St sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $145.96, for a total transaction of $5,838,400.00. Following the sale, the insider now owns 105,308 shares in the company, valued at $15,370,755.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert C. Sledd sold 7,200 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $131.02, for a total transaction of $943,344.00. Following the sale, the director now owns 23,814 shares in the company, valued at approximately $3,120,110.28. The disclosure for this sale can be found here. Insiders have sold 135,200 shares of company stock worth $19,628,348 in the last 90 days. 7.00% of the stock is owned by company insiders.
Shares of Pool Co. (NASDAQ:POOL) opened at $144.35 on Wednesday. Pool Co. has a one year low of $97.25 and a one year high of $150.26. The company has a market cap of $5,898.65, a P/E ratio of 36.69 and a beta of 0.87. The company has a current ratio of 2.43, a quick ratio of 0.76 and a debt-to-equity ratio of 2.28.
Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, February 15th. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. Pool had a net margin of 6.87% and a return on equity of 70.46%. The business had revenue of $510.18 million for the quarter. During the same quarter in the prior year, the firm earned $0.06 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. equities analysts predict that Pool Co. will post 5.48 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be issued a dividend of $0.37 per share. The ex-dividend date is Thursday, March 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.03%. Pool’s dividend payout ratio is currently 32.82%.
POOL has been the subject of several recent research reports. BidaskClub raised shares of Pool from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Stephens set a $160.00 target price on shares of Pool and gave the company a “hold” rating in a research note on Thursday, February 15th. Robert W. Baird reissued a “buy” rating and set a $158.00 target price on shares of Pool in a research note on Friday, February 16th. Finally, Zacks Investment Research raised shares of Pool from a “hold” rating to a “buy” rating and set a $161.00 target price for the company in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Pool presently has an average rating of “Buy” and an average price target of $147.60.
COPYRIGHT VIOLATION NOTICE: “2,700 Shares in Pool Co. (POOL) Purchased by Tocqueville Asset Management L.P.” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/03/14/2700-shares-in-pool-co-pool-purchased-by-tocqueville-asset-management-l-p.html.
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).
Want to see what other hedge funds are holding POOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pool Co. (NASDAQ:POOL).
Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.