Boston Advisors LLC cut its position in Pool Corp. (NASDAQ:POOL) by 1.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 230,670 shares of the company’s stock after selling 3,155 shares during the period. Boston Advisors LLC’s holdings in Pool Corp. were worth $21,690,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC boosted its stake in Pool Corp. by 84.1% in the first quarter. GW&K Investment Management LLC now owns 62,176 shares of the company’s stock worth $5,455,000 after buying an additional 28,399 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in Pool Corp. by 13.3% in the first quarter. Riverhead Capital Management LLC now owns 8,272 shares of the company’s stock worth $726,000 after buying an additional 972 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in Pool Corp. by 53,036.4% in the second quarter. BNP Paribas Arbitrage SA now owns 17,535 shares of the company’s stock worth $1,649,000 after buying an additional 17,502 shares in the last quarter. UBS Group AG boosted its stake in Pool Corp. by 37.0% in the first quarter. UBS Group AG now owns 12,993 shares of the company’s stock worth $1,140,000 after buying an additional 3,508 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. Institutional investors and hedge funds own 92.20% of the company’s stock.
Pool Corp. (NASDAQ:POOL) traded up 1.50% during midday trading on Thursday, reaching $94.94. The company had a trading volume of 467,266 shares. The company has a market capitalization of $3.99 billion, a P/E ratio of 28.85 and a beta of 0.81. Pool Corp. has a 52-week low of $71.10 and a 52-week high of $102.86. The company’s 50 day moving average is $98.85 and its 200-day moving average is $92.72.
Pool Corp. (NASDAQ:POOL) last released its quarterly earnings results on Thursday, July 21st. The company reported $1.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.05. The company had revenue of $918.90 million for the quarter, compared to analysts’ expectations of $904.82 million. Pool Corp. had a return on equity of 57.51% and a net margin of 5.76%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 earnings per share. Equities analysts expect that Pool Corp. will post $3.43 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Stockholders of record on Wednesday, August 10th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Monday, August 8th. This is a boost from Pool Corp.’s previous quarterly dividend of $0.26. Pool Corp.’s payout ratio is 37.35%.
POOL has been the topic of a number of research reports. Wedbush initiated coverage on Pool Corp. in a report on Wednesday, August 24th. They issued an “outperform” rating and a $115.00 price target on the stock. Robert W. Baird initiated coverage on Pool Corp. in a report on Monday, June 6th. They issued an “outperform” rating on the stock. Zacks Investment Research cut Pool Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Finally, Johnson Rice cut Pool Corp. from a “buy” rating to an “accumulate” rating in a report on Friday, July 15th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Pool Corp. has a consensus rating of “Buy” and a consensus target price of $97.80.
In other news, insider Mark W. Joslin sold 7,500 shares of Pool Corp. stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $100.85, for a total transaction 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 SEC, which is accessible through this link. Also, CEO De La Mesa Manuel J. Perez sold 30,000 shares of Pool Corp. stock in a transaction that occurred 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 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. Insiders own 8.00% of the company’s stock.
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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