Seeyond Boosts Stake in Pool Co. (NASDAQ:POOL)

Seeyond raised its position in Pool Co. (NASDAQ:POOL) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,684 shares of the specialty retailer’s stock after buying an additional 26 shares during the period. Seeyond’s holdings in Pool were worth $2,607,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in Pool by 0.7% in the 2nd quarter. Geode Capital Management LLC now owns 772,221 shares of the specialty retailer’s stock valued at $353,309,000 after buying an additional 5,727 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Pool by 5.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 671,555 shares of the specialty retailer’s stock valued at $308,015,000 after buying an additional 32,891 shares during the last quarter. Blair William & Co. IL boosted its position in Pool by 0.8% in the 2nd quarter. Blair William & Co. IL now owns 482,978 shares of the specialty retailer’s stock valued at $221,523,000 after buying an additional 3,846 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Pool by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 476,513 shares of the specialty retailer’s stock valued at $218,558,000 after buying an additional 30,639 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Pool by 7.9% in the 2nd quarter. Alliancebernstein L.P. now owns 350,355 shares of the specialty retailer’s stock valued at $160,694,000 after buying an additional 25,657 shares during the last quarter. 90.90% of the stock is owned by institutional investors.

POOL has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Pool from a “buy” rating to a “hold” rating and set a $459.00 target price on the stock. in a report on Monday, October 4th. Loop Capital raised their target price on shares of Pool from $470.00 to $485.00 and gave the stock a “hold” rating in a report on Friday, July 23rd. Finally, Robert W. Baird raised their target price on shares of Pool from $465.00 to $490.00 and gave the stock an “outperform” rating in a report on Friday, July 23rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $479.83.

In related news, Vice Chairman De La Mesa Manuel J. Perez sold 8,724 shares of the firm’s stock in a transaction that occurred on Wednesday, August 4th. The shares were sold at an average price of $484.49, for a total transaction of $4,226,690.76. Following the completion of the sale, the insider now directly owns 69,358 shares in the company, valued at $33,603,257.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Romain Kenneth G. St sold 9,982 shares of the firm’s stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $475.12, for a total transaction of $4,742,647.84. Following the sale, the vice president now owns 74,278 shares of the company’s stock, valued at $35,290,963.36. The disclosure for this sale can be found here. Insiders have sold 51,680 shares of company stock worth $24,818,544 in the last quarter. Company insiders own 4.00% of the company’s stock.

Shares of NASDAQ:POOL traded up $5.53 during trading hours on Thursday, hitting $445.90. The stock had a trading volume of 116 shares, compared to its average volume of 283,962. The stock’s fifty day simple moving average is $471.72 and its 200 day simple moving average is $444.91. Pool Co. has a 1-year low of $305.47 and a 1-year high of $500.85. The firm has a market capitalization of $17.88 billion, a price-to-earnings ratio of 33.77 and a beta of 0.77. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.95 and a current ratio of 2.23.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 22nd. The specialty retailer reported $6.37 EPS for the quarter, beating the consensus estimate of $5.37 by $1.00. Pool had a net margin of 11.12% and a return on equity of 76.48%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the business earned $3.72 earnings per share. Pool’s revenue was up 39.6% compared to the same quarter last year. As a group, research analysts anticipate that Pool Co. will post 14.14 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 26th. Shareholders of record on Thursday, August 12th were paid a $0.80 dividend. The ex-dividend date was Wednesday, August 11th. This represents a $3.20 annualized dividend and a dividend yield of 0.72%. Pool’s payout ratio is currently 38.00%.

Pool Company Profile

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also offers non-discretionary pool maintenance products such as chemicals and replacement parts; discretionary products like packaged pool kits, whole goods, irrigation, and landscape products, including a complete line of commercial and residential irrigation products and parts, power equipment for the professional landscape market; specialty products such as outdoor lighting, grills, and outdoor kitchen components; and golf irrigation and water management products.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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