Metropolitan Life Insurance Co NY lessened its holdings in shares of Pool Co. (NASDAQ:POOL) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,013 shares of the specialty retailer’s stock after selling 294 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Pool were worth $2,625,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Amundi Pioneer Asset Management Inc. boosted its stake in Pool by 9.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 6,022 shares of the specialty retailer’s stock worth $994,000 after acquiring an additional 500 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Pool by 2.1% during the second quarter. Arizona State Retirement System now owns 28,866 shares of the specialty retailer’s stock valued at $5,513,000 after purchasing an additional 581 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Pool in the 2nd quarter worth approximately $40,000. Cambridge Trust Co. boosted its position in shares of Pool by 1.8% in the 2nd quarter. Cambridge Trust Co. now owns 7,465 shares of the specialty retailer’s stock worth $1,426,000 after purchasing an additional 130 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Pool by 1,021.0% in the 2nd quarter. SG Americas Securities LLC now owns 28,103 shares of the specialty retailer’s stock worth $5,368,000 after purchasing an additional 25,596 shares in the last quarter. Hedge funds and other institutional investors own 92.94% of the company’s stock.
In other Pool news, Vice Chairman De La Mesa Manuel J. Perez sold 15,274 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $211.53, for a total value of $3,230,909.22. Following the completion of the transaction, the insider now owns 63,038 shares of the company’s stock, valued at approximately $13,334,428.14. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $215.12, for a total transaction of $2,151,200.00. Following the transaction, the insider now owns 69,738 shares in the company, valued at approximately $15,002,038.56. The disclosure for this sale can be found here. In the last three months, insiders sold 30,274 shares of company stock valued at $6,456,309. Corporate insiders own 6.00% of the company’s stock.
A number of research analysts recently weighed in on the company. Sidoti lowered Pool from a “buy” rating to a “neutral” rating and set a $215.00 price objective for the company. in a research report on Friday, August 23rd. BidaskClub upgraded Pool from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. ValuEngine downgraded Pool from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Robert W. Baird increased their target price on Pool from $192.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, Zacks Investment Research downgraded Pool from a “buy” rating to a “hold” rating and set a $228.00 price target for the company. in a report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Pool presently has an average rating of “Hold” and a consensus target price of $217.25.
Shares of NASDAQ POOL opened at $206.01 on Tuesday. The firm’s 50 day moving average price is $206.37 and its 200-day moving average price is $195.18. The company has a market cap of $8.27 billion, a PE ratio of 36.66, a P/E/G ratio of 1.50 and a beta of 0.86. Pool Co. has a 52-week low of $137.02 and a 52-week high of $228.19. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.98 and a current ratio of 2.68.
Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, October 17th. The specialty retailer reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.17. Pool had a net margin of 8.24% and a return on equity of 82.52%. The company had revenue of $898.50 million during the quarter, compared to the consensus estimate of $883.54 million. During the same quarter last year, the firm earned $1.66 earnings per share. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts forecast that Pool Co. will post 5.84 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.20 annualized dividend and a yield of 1.07%. Pool’s dividend payout ratio is 39.15%.
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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