Koch Industries Inc. Buys Shares of 1,697 Pool (POOL)

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.

How to Become a New Pot Stock Millionaire

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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About Pool

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.

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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