Mitsubishi UFJ Asset Management UK Ltd. purchased a new position in shares of Pool Co. (NASDAQ:POOL) in the fourth quarter, HoldingsChannel reports. The fund purchased 3,300 shares of the specialty retailer’s stock, valued at approximately $701,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. NewSquare Capital LLC raised its holdings in Pool by 187.1% in the 4th quarter. NewSquare Capital LLC now owns 890 shares of the specialty retailer’s stock worth $189,000 after purchasing an additional 580 shares during the period. Advisors Capital Management LLC increased its stake in Pool by 12.0% during the 4th quarter. Advisors Capital Management LLC now owns 2,848 shares of the specialty retailer’s stock worth $605,000 after buying an additional 306 shares in the last quarter. Evoke Wealth LLC purchased a new stake in Pool during the 3rd quarter worth approximately $36,000. Waratah Capital Advisors Ltd. purchased a new stake in Pool during the 3rd quarter worth approximately $20,286,000. Finally, Millennium Management LLC increased its stake in Pool by 3.5% during the 3rd quarter. Millennium Management LLC now owns 35,167 shares of the specialty retailer’s stock worth $7,093,000 after buying an additional 1,179 shares in the last quarter. 93.38% of the stock is owned by institutional investors.
POOL has been the subject of several research reports. Loop Capital initiated coverage on Pool in a research note on Monday, January 6th. They set a “hold” rating and a $227.00 price objective for the company. BidaskClub upgraded Pool from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. Zacks Investment Research lowered Pool from a “buy” rating to a “hold” rating and set a $228.00 price objective for the company. in a research note on Monday, October 21st. Stephens boosted 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. Finally, Robert W. Baird boosted their price objective on Pool from $192.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $219.20.
In other news, CFO Mark W. Joslin sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $214.84, for a total value of $1,074,200.00. Following the completion of the sale, the chief financial officer now directly owns 120,920 shares in the company, valued at $25,978,452.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman De La Mesa Manuel J. Perez sold 15,274 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $211.53, for a total value of $3,230,909.22. Following the completion of the sale, the insider now owns 63,038 shares of the company’s stock, valued at $13,334,428.14. The disclosure for this sale can be found here. Insiders sold 30,274 shares of company stock valued at $6,456,309 over the last 90 days. Company insiders own 6.00% of the company’s stock.
Shares of POOL stock traded up $1.77 during trading hours on Friday, reaching $220.22. The company had a trading volume of 1,893 shares, compared to its average volume of 182,600. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.98 and a current ratio of 2.68. The stock has a fifty day moving average of $211.73 and a 200-day moving average of $201.27. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 1.38 and a beta of 0.86. Pool Co. has a 12-month low of $147.61 and a 12-month high of $228.19.
Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 17th. The specialty retailer reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.17. The business had revenue of $898.50 million during the quarter, compared to analyst estimates of $883.54 million. Pool had a return on equity of 82.52% and a net margin of 8.24%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.66 earnings per share. On average, analysts forecast that Pool Co. will post 5.84 EPS for the current year.
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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