Teacher Retirement System of Texas boosted its position in shares of Pool Corp. (NASDAQ:POOL) by 13.7% during the second quarter, Holdings Channel reports. The institutional investor owned 5,950 shares of the company’s stock after buying an additional 715 shares during the period. Teacher Retirement System of Texas’ holdings in Pool Corp. were worth $559,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in shares of Pool Corp. during the second quarter valued at approximately $122,000. BlueMountain Capital Management LLC acquired a new position in shares of Pool Corp. during the first quarter valued at approximately $133,000. Daiwa Securities Group Inc. acquired a new position in shares of Pool Corp. during the second quarter valued at approximately $160,000. Huntington National Bank increased 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 during the period. Finally, Foundry Partners LLC purchased a new stake in Pool Corp. during the second quarter valued at about $202,000. 92.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of Pool Corp. (NASDAQ:POOL) traded up 0.21% during midday trading on Monday, hitting $94.72. The company had a trading volume of 91,938 shares. Pool Corp. has a 52 week low of $71.10 and a 52 week high of $102.86. The firm’s 50 day moving average is $97.80 and its 200 day moving average is $93.28. The company has a market capitalization of $3.98 billion, a P/E ratio of 28.78 and a beta of 0.90.
Pool Corp. (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, July 21st. The company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 had revenue of $918.90 million for the quarter, compared to the consensus estimate of $904.82 million. During the same quarter in the previous year, the business earned $1.75 EPS. Pool Corp.’s revenue was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Pool Corp. will post $3.43 EPS for the current year.
Several research firms recently issued reports on POOL. Wedbush began coverage on Pool Corp. in a research note on Wednesday, August 24th. They issued an “outperform” rating and a $115.00 price target for the company. Zacks Investment Research upgraded Pool Corp. from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Friday, July 22nd. Johnson Rice downgraded Pool Corp. from a “buy” rating to an “accumulate” rating in a research note on Friday, July 15th. Finally, Robert W. Baird assumed coverage on Pool Corp. in a research note on Monday, June 6th. They issued an “outperform” rating for the company. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Pool Corp. has an average rating of “Buy” and an average target price of $97.80.
In other Pool Corp. news, CEO De La Mesa Manuel J. Perez sold 30,000 shares of the business’s stock in a transaction on 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 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Harlan F. Seymour sold 14,118 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $100.77, for a total transaction of $1,422,670.86. Following the sale, the director now owns 44,626 shares of the company’s stock, valued at $4,496,962.02. The disclosure for this sale can be found here. Company 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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