Natixis Advisors L.P. grew its position in Pool Co. (NASDAQ:POOL) by 75.9% during the second quarter, HoldingsChannel reports. The firm owned 37,709 shares of the specialty retailer’s stock after buying an additional 16,277 shares during the period. Natixis Advisors L.P.’s holdings in Pool were worth $7,203,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in Pool by 5.9% in the first quarter. BlackRock Inc. now owns 3,745,431 shares of the specialty retailer’s stock valued at $617,884,000 after buying an additional 209,876 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Pool by 0.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,586,751 shares of the specialty retailer’s stock worth $261,768,000 after acquiring an additional 10,798 shares in the last quarter. Wasatch Advisors Inc. lifted its stake in shares of Pool by 2.9% in the 2nd quarter. Wasatch Advisors Inc. now owns 733,681 shares of the specialty retailer’s stock valued at $140,133,000 after purchasing an additional 20,908 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Pool by 3.1% in the 1st quarter. Wells Fargo & Company MN now owns 650,749 shares of the specialty retailer’s stock valued at $107,353,000 after purchasing an additional 19,674 shares during the period. Finally, OppenheimerFunds Inc. boosted its position in shares of Pool by 8.1% during the 1st quarter. OppenheimerFunds Inc. now owns 566,190 shares of the specialty retailer’s stock valued at $93,405,000 after purchasing an additional 42,528 shares in the last quarter. 95.70% of the stock is currently owned by institutional investors.
In other news, Vice Chairman De La Mesa Manuel J. Perez sold 4,443 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $192.63, for a total transaction of $855,855.09. Following the completion of the sale, the insider now owns 64,145 shares in the company, valued at $12,356,251.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Vice Chairman De La Mesa Manuel J. Perez sold 7,643 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $192.60, for a total value of $1,472,041.80. Following the sale, the insider now owns 64,145 shares of the company’s stock, valued at approximately $12,354,327. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,965 shares of company stock worth $9,560,885. Corporate insiders own 6.00% of the company’s stock.
POOL traded down $0.01 during midday trading on Wednesday, hitting $187.77. The company had a trading volume of 101,902 shares, compared to its average volume of 198,518. The stock’s 50 day moving average price is $194.82 and its 200 day moving average price is $181.09. Pool Co. has a 52 week low of $136.83 and a 52 week high of $204.97. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 1.43 and a beta of 0.90. The company has a quick ratio of 0.97, a current ratio of 2.35 and a debt-to-equity ratio of 2.30.
Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 18th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.21 by $0.01. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Pool had a net margin of 8.14% and a return on equity of 82.89%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.80 EPS. Research analysts predict that Pool Co. will post 5.81 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Thursday, August 15th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Wednesday, August 14th. Pool’s dividend payout ratio (DPR) is currently 39.15%.
POOL has been the subject of several recent analyst reports. Robert W. Baird set a $192.00 target price on Pool and gave the stock a “buy” rating in a research note on Friday, July 19th. BidaskClub lowered Pool from a “buy” rating to a “hold” rating in a research note on Wednesday. Sidoti cut Pool from a “buy” rating to a “neutral” rating and set a $215.00 price target on the stock. in a report on Friday, August 23rd. Finally, Zacks Investment Research raised shares of Pool from a “sell” rating to a “hold” rating and set a $209.00 price objective for the company in a research report on Monday, August 12th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $189.40.
Pool Company Profile
Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.
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