Koch Industries Inc. acquired a new stake in shares of Pool (NASDAQ:POOL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,697 shares of the specialty retailer’s stock, valued at approximately $220,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FDx Advisors Inc. boosted its holdings in Pool by 4.0% during the fourth quarter. FDx Advisors Inc. now owns 10,517 shares of the specialty retailer’s stock valued at $1,364,000 after purchasing an additional 409 shares in the last quarter. Tygh Capital Management Inc. boosted its holdings in Pool by 1.3% during the fourth quarter. Tygh Capital Management Inc. now owns 36,804 shares of the specialty retailer’s stock valued at $4,772,000 after purchasing an additional 460 shares in the last quarter. Keybank National Association OH boosted its holdings in Pool by 10.2% during the third quarter. Keybank National Association OH now owns 5,144 shares of the specialty retailer’s stock valued at $556,000 after purchasing an additional 477 shares in the last quarter. Global X MANAGEMENT CO LLC boosted its holdings in Pool by 20.4% during the third quarter. Global X MANAGEMENT CO LLC now owns 2,888 shares of the specialty retailer’s stock valued at $312,000 after purchasing an additional 489 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Pool by 5.4% during the fourth quarter. SG Americas Securities LLC now owns 10,855 shares of the specialty retailer’s stock valued at $1,407,000 after purchasing an additional 560 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors.
In other Pool news, insider Romain Kenneth G. St sold 40,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $145.96, for a total transaction of $5,838,400.00. Following the transaction, the insider now owns 105,308 shares of the company’s stock, valued at approximately $15,370,755.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO De La Mesa Manuel J. Perez sold 28,700 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $143.18, for a total value of $4,109,266.00. Following the transaction, the chief executive officer now directly owns 61,758 shares in the company, valued at approximately $8,842,510.44. The disclosure for this sale can be found here. Insiders sold a total of 128,000 shares of company stock worth $18,685,004 over the last three months. 7.00% of the stock is owned by company insiders.
Shares of POOL traded down $1.51 on Friday, hitting $146.12. The company’s stock had a trading volume of 208,727 shares, compared to its average volume of 231,652. The company has a market capitalization of $5,926.92, a P/E ratio of 36.62 and a beta of 0.81. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.43 and a quick ratio of 0.76. Pool has a fifty-two week low of $97.25 and a fifty-two week high of $150.26.
Pool (NASDAQ:POOL) last announced its earnings results on Thursday, February 15th. The specialty retailer reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $510.18 million for the quarter. Pool had a return on equity of 70.46% and a net margin of 6.87%. The firm’s revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 earnings per share. sell-side analysts anticipate that Pool will post 5.48 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Friday, March 16th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, March 15th. Pool’s payout ratio is currently 37.09%.
A number of equities research analysts have weighed in on the company. BidaskClub raised Pool from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. Stephens set a $160.00 price objective on Pool and gave the company a “hold” rating in a report on Thursday, February 15th. Zacks Investment Research raised Pool from a “hold” rating to a “buy” rating and set a $161.00 price objective on the stock in a report on Thursday, February 22nd. ValuEngine raised Pool from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Robert W. Baird reissued a “buy” rating and issued a $158.00 target price on shares of Pool in a report on Friday, February 16th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Pool currently has an average rating of “Buy” and an average price target of $152.50.
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Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.
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