Advisors Asset Management Inc. held its stake in Pool Corp. (NASDAQ:POOL) during the second quarter, Holdings Channel reports. The firm owned 1,100 shares of the company’s stock at the end of the second quarter. Advisors Asset Management Inc.’s holdings in Pool Corp. were worth $103,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. 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 worth $169,000 after buying an additional 9 shares in the last quarter. State Treasurer State of Michigan raised its stake in Pool Corp. by 0.6% in the second quarter. State Treasurer State of Michigan now owns 16,900 shares of the company’s stock worth $1,589,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Pool Corp. by 2.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 14,296 shares of the company’s stock worth $1,344,000 after buying an additional 341 shares in the last quarter. Mount Lucas Management LP raised its stake in Pool Corp. by 10.7% in the first quarter. Mount Lucas Management LP now owns 3,893 shares of the company’s stock worth $342,000 after buying an additional 375 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in Pool Corp. by 22.6% in the second quarter. Capstone Asset Management Co. now owns 4,876 shares of the company’s stock worth $458,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 92.20% of the company’s stock.
Pool Corp. (NASDAQ:POOL) traded up 1.21% during trading on Monday, hitting $96.14. 42,413 shares of the company were exchanged. The firm’s 50 day moving average price is $97.07 and its 200-day moving average price is $93.67. The stock has a market capitalization of $4.04 billion, a PE ratio of 29.21 and a beta of 0.90. Pool Corp. has a 1-year low of $71.10 and a 1-year high of $102.86.
Pool Corp. (NASDAQ:POOL) last announced its earnings results on Thursday, July 21st. The company reported $1.98 EPS for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.05. The business earned $918.90 million during the quarter, compared to the consensus estimate of $904.82 million. Pool Corp. had a net margin of 5.76% and a return on equity of 57.51%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.75 earnings per share. Equities analysts predict that Pool Corp. will post $3.43 EPS for the current year.
A number of analysts have recently issued reports on POOL shares. Johnson Rice downgraded shares of Pool Corp. from a “buy” rating to an “accumulate” rating in a report on Friday, July 15th. Zacks Investment Research raised 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, Wedbush reaffirmed an “outperform” rating and set a $115.00 price target on shares of Pool Corp. in a report on Monday, October 3rd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $97.80.
In other news, CEO De La Mesa Manuel J. Perez sold 30,000 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $100.70, for a total transaction of $3,021,000.00. Following the transaction, the chief executive officer now owns 72,511 shares in the company, valued at $7,301,857.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Hart Melanie Housey sold 2,000 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $102.31, for a total transaction of $204,620.00. Following the transaction, the insider now owns 9,290 shares in the company, valued at approximately $950,459.90. The disclosure for this sale can be found here. 8.00% of the stock is currently owned by company 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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