UBS Asset Management Americas Inc. increased its stake in Pool Corp. (NASDAQ:POOL) by 14.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,076 shares of the company’s stock after buying an additional 4,189 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.08% of Pool Corp. worth $3,111,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. State Street Corp increased its stake in Pool Corp. by 53.5% in the first quarter. State Street Corp now owns 1,414,849 shares of the company’s stock valued at $124,137,000 after buying an additional 493,299 shares in the last quarter. Norges Bank acquired a new stake in shares of Pool Corp. during the fourth quarter worth about $32,426,000. Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Pool Corp. during the second quarter worth about $26,346,000. BlackRock Institutional Trust Company N.A. increased its stake in shares of Pool Corp. by 16.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,227,624 shares of the company’s stock worth $107,712,000 after buying an additional 176,269 shares during the period. Finally, Teachers Advisors Inc. increased its stake in shares of 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 during the period. Hedge funds and other institutional investors own 92.20% of the company’s stock.
Pool Corp. (NASDAQ:POOL) traded up 0.19% during midday trading on Tuesday, reaching $95.30. The company’s stock had a trading volume of 69,787 shares. Pool Corp. has a one year low of $71.10 and a one year high of $102.86. The firm has a market cap of $4.01 billion, a P/E ratio of 28.96 and a beta of 0.90. The firm has a 50 day moving average price of $97.65 and a 200 day moving average price of $93.52.
Pool Corp. (NASDAQ:POOL) last issued its quarterly earnings data 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 net margin of 5.76% and a return on equity of 57.51%. The firm earned $918.90 million during the quarter, compared to the consensus estimate of $904.82 million. During the same quarter in the previous year, the firm posted $1.75 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts forecast that Pool Corp. will post $3.43 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on POOL shares. Johnson Rice downgraded Pool Corp. from a “buy” rating to an “accumulate” rating in a research report on Friday, July 15th. Zacks Investment Research upgraded Pool Corp. from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Friday, July 22nd. Robert W. Baird started coverage on Pool Corp. in a research report on Monday, June 6th. They issued an “outperform” rating on the stock. Finally, Wedbush started coverage on Pool Corp. in a research 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 assigned a buy rating to the company. Pool Corp. presently 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 the business’s stock in a transaction on Tuesday, July 26th. The shares were sold at an average price of $100.85, for a total transaction of $756,375.00. Following the completion of the sale, the insider now owns 127,859 shares of the company’s stock, valued at approximately $12,894,580.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Hart Melanie Housey sold 2,000 shares of the business’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $102.31, for a total transaction of $204,620.00. Following the sale, the insider now directly owns 9,290 shares of the company’s stock, valued at approximately $950,459.90. The disclosure for this sale can be found here. 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).
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