Royal Bank of Canada Sells 31,204 Shares of Pool Co. (NASDAQ:POOL)

Royal Bank of Canada lowered its stake in shares of Pool Co. (NASDAQ:POOL) by 41.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 44,610 shares of the specialty retailer’s stock after selling 31,204 shares during the quarter. Royal Bank of Canada owned 0.11% of Pool worth $8,520,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in POOL. Raymond James Financial Services Advisors Inc. bought a new position in Pool in the 1st quarter valued at $477,000. Swiss National Bank grew its position in shares of Pool by 2.8% during the 1st quarter. Swiss National Bank now owns 73,383 shares of the specialty retailer’s stock worth $12,106,000 after buying an additional 2,000 shares in the last quarter. MML Investors Services LLC grew its position in shares of Pool by 6.1% during the 1st quarter. MML Investors Services LLC now owns 4,450 shares of the specialty retailer’s stock worth $734,000 after buying an additional 256 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Pool by 7.9% during the 1st quarter. Private Advisor Group LLC now owns 5,819 shares of the specialty retailer’s stock worth $960,000 after buying an additional 428 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its position in shares of Pool by 108.6% during the 1st quarter. State of Tennessee Treasury Department now owns 19,206 shares of the specialty retailer’s stock worth $3,168,000 after buying an additional 10,000 shares in the last quarter. 94.25% of the stock is currently owned by hedge funds and other institutional investors.

In other Pool news, CFO Mark W. Joslin sold 1,429 shares of Pool stock in a transaction on Friday, August 9th. The stock was sold at an average price of $200.00, for a total value of $285,800.00. Following the sale, the chief financial officer now owns 140,356 shares in the company, valued at $28,071,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter D. Arvan bought 300 shares of Pool stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $187.93 per share, for a total transaction of $56,379.00. Following the transaction, the chief executive officer now directly owns 38,733 shares of the company’s stock, valued at $7,279,092.69. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 48,965 shares of company stock worth $9,560,885. Company insiders own 6.00% of the company’s stock.

Shares of NASDAQ POOL opened at $200.71 on Wednesday. The company has a debt-to-equity ratio of 2.30, a current ratio of 2.35 and a quick ratio of 0.97. The stock has a market capitalization of $8.05 billion, a P/E ratio of 35.71, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. Pool Co. has a 1-year low of $136.83 and a 1-year high of $204.97. The business has a fifty day moving average price of $196.68 and a 200 day moving average price of $186.20.

Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 18th. The specialty retailer reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.21 by $0.01. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.16 billion. Pool had a return on equity of 82.89% and a net margin of 8.14%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.80 earnings per share. As a group, equities research analysts anticipate that Pool Co. will post 5.81 earnings per share for the current fiscal year.

POOL has been the topic of a number of recent research reports. Robert W. Baird set a $192.00 price target on Pool and gave the stock a “buy” rating in a research report on Friday, July 19th. BidaskClub upgraded Pool from a “hold” rating to a “buy” rating in a research note on Wednesday, September 25th. Sidoti cut Pool from a “buy” rating to a “neutral” rating and set a $215.00 price objective for the company. in a research note on Friday, August 23rd. Zacks Investment Research upgraded Pool from a “sell” rating to a “hold” rating and set a $209.00 price objective for the company in a research note on Monday, August 12th. Finally, Stephens upped their price objective on Pool from $187.00 to $196.00 and gave the stock an “equal weight” rating in a research note on Monday, September 23rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $191.40.

Pool 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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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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