Alpine Partners VI LLC purchased a new position in shares of Pool Corp. (NASDAQ:POOL) during the second quarter, Holdings Channel reports. The fund purchased 3,042 shares of the company’s stock, valued at approximately $286,000.
A number of other large investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Pool Corp. during the fourth quarter worth about $32,426,000. Aperio Group LLC boosted its stake in Pool Corp. by 16.0% in the first quarter. Aperio Group LLC now owns 11,409 shares of the company’s stock worth $1,001,000 after buying an additional 1,576 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Pool Corp. by 8.7% in the first quarter. TIAA CREF Investment Management LLC now owns 200,421 shares of the company’s stock worth $17,585,000 after buying an additional 16,116 shares in the last quarter. Teachers Advisors Inc. boosted its stake in Pool Corp. by 261.2% in the first quarter. Teachers Advisors Inc. now owns 228,039 shares of the company’s stock worth $20,008,000 after buying an additional 164,897 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in Pool Corp. by 6.3% in the first quarter. Prudential Financial Inc. now owns 150,572 shares of the company’s stock worth $13,211,000 after buying an additional 8,893 shares in the last quarter. 92.20% of the stock is currently owned by hedge funds and other institutional investors.
Pool Corp. (NASDAQ:POOL) opened at 95.27 on Friday. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 28.95 and a beta of 0.90. The stock’s 50 day moving average price is $97.23 and its 200 day moving average price is $93.61. Pool Corp. has a 12-month low of $71.10 and a 12-month high of $102.86.
Pool Corp. (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 21st. The company reported $1.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.05. Pool Corp. had a return on equity of 57.51% and a net margin of 5.76%. The firm had revenue of $918.90 million for the quarter, compared to analyst estimates of $904.82 million. During the same quarter in the prior year, the company posted $1.75 earnings per share. Pool Corp.’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts forecast that Pool Corp. will post $3.43 EPS for the current fiscal year.
A number of research analysts have weighed in on POOL shares. Zacks Investment Research lowered Pool Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Johnson Rice lowered Pool Corp. from a “buy” rating to an “accumulate” rating in a report on Friday, July 15th. Finally, Wedbush started coverage on Pool Corp. in a report on Wednesday, August 24th. They issued an “outperform” rating and a $115.00 price objective on the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $97.80.
In other Pool Corp. news, insider Mark W. Joslin sold 7,500 shares of the company’s stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $100.85, for a total value of $756,375.00. Following the sale, the insider now owns 127,859 shares of the company’s stock, valued at $12,894,580.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO De La Mesa Manuel J. Perez sold 30,000 shares of the company’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $100.70, for a total value of $3,021,000.00. Following the completion of the sale, the chief executive officer now directly owns 72,511 shares in the company, valued at approximately $7,301,857.70. The disclosure for this sale can be found here. Corporate insiders own 8.00% of the company’s stock.
Pool Corp. Company Profile
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is also a distributor of irrigation and landscape products in the United States. The Company operates over 340 sales centers in North America, Europe, South America and Australia through its over four distribution networks, such as SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
Want to see what other hedge funds are holding POOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pool Corp. (NASDAQ:POOL).
Receive News & Ratings for Pool Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool Corp. and related companies with MarketBeat.com's FREE daily email newsletter.