LMR Partners LLP purchased a new position in Pool Corp. (NASDAQ:POOL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 30,598 shares of the company’s stock, valued at approximately $2,877,000.
Several other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in Pool Corp. during the second quarter valued at approximately $122,000. BlueMountain Capital Management LLC acquired a new stake in Pool Corp. during the first quarter valued at approximately $133,000. Daiwa Securities Group Inc. acquired a new stake in Pool Corp. during the second quarter valued at approximately $160,000. Huntington National Bank raised its stake in Pool Corp. by 0.5% in the second quarter. Huntington National Bank now owns 1,798 shares of the company’s stock valued at $169,000 after buying an additional 9 shares in the last quarter. Finally, Foundry Partners LLC acquired a new stake in Pool Corp. during the second quarter valued at approximately $202,000. 92.20% of the stock is owned by institutional investors.
Pool Corp. (NASDAQ:POOL) traded down 1.11% on Wednesday, reaching $94.59. 558,472 shares of the company’s stock traded hands. The stock’s 50 day moving average is $97.52 and its 200 day moving average is $93.59. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 28.74 and a beta of 0.90. Pool Corp. has a 52-week low of $71.10 and a 52-week 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 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 company earned $918.90 million during the quarter, compared to analyst estimates of $904.82 million. During the same quarter last year, the firm posted $1.75 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Pool Corp. will post $3.43 EPS for the current fiscal year.
A number of research firms have recently issued reports on POOL. Wedbush began coverage on shares of Pool Corp. in a report on Wednesday, August 24th. They set an “outperform” rating and a $115.00 price target on the stock. Zacks Investment Research upgraded shares of Pool Corp. from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a report on Friday, July 22nd. Finally, Johnson Rice lowered shares of Pool Corp. from a “buy” rating to an “accumulate” rating in a report on Friday, July 15th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Pool Corp. has an average rating of “Buy” and a consensus target price of $97.80.
In other Pool Corp. news, insider Hart Melanie Housey sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $102.31, for a total value of $204,620.00. Following the completion of the transaction, the insider now owns 9,290 shares in the company, valued at approximately $950,459.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO De La Mesa Manuel J. Perez sold 30,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $100.70, for a total value of $3,021,000.00. Following the completion of the transaction, the chief executive officer now owns 72,511 shares of the company’s stock, valued at approximately $7,301,857.70. The disclosure for this sale can be found here. 8.00% of the stock is owned by corporate insiders.
About Pool Corp.
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).
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