Allianz Asset Management GmbH lowered its position in Pool Co. (NASDAQ:POOL) by 37.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 78,436 shares of the specialty retailer’s stock after selling 46,865 shares during the period. Allianz Asset Management GmbH owned 0.20% of Pool worth $10,169,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of POOL. Tower Research Capital LLC TRC acquired a new position in shares of Pool during the 4th quarter valued at $144,000. Polen Capital Management LLC acquired a new position in shares of Pool during the 3rd quarter valued at $207,000. Eagle Boston Investment Management Inc. acquired a new position in shares of Pool during the 4th quarter valued at $246,000. Cambridge Investment Research Advisors Inc. acquired a new position in Pool during the third quarter worth $217,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Pool by 43.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,302 shares of the specialty retailer’s stock worth $298,000 after buying an additional 696 shares during the last quarter. Hedge funds and other institutional investors own 95.72% of the company’s stock.
Several research analysts have weighed in on the stock. Robert W. Baird restated a “buy” rating and set a $158.00 price objective on shares of Pool in a report on Friday, February 16th. Stephens set a $160.00 price objective on shares of Pool and gave the stock a “hold” rating in a report on Thursday, February 15th. Zacks Investment Research upgraded shares of Pool from a “hold” rating to a “buy” rating and set a $161.00 price objective on the stock in a report on Thursday, February 22nd. Finally, BidaskClub downgraded shares of Pool from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 10th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $147.60.
Pool (NASDAQ:POOL) last posted its earnings results on Thursday, February 15th. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.04. Pool had a net margin of 6.87% and a return on equity of 70.46%. The firm had revenue of $510.18 million during the quarter. During the same quarter in the previous year, the company earned $0.06 EPS. The business’s revenue was up 14.6% compared to the same quarter last year. research analysts expect that Pool Co. will post 5.29 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, March 16th will be paid a $0.37 dividend. The ex-dividend date is Thursday, March 15th. This represents a $1.48 annualized dividend and a dividend yield of 1.01%. Pool’s payout ratio is 32.82%.
In other news, CEO De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $144.06, for a total value of $1,440,600.00. Following the completion of the sale, the chief executive officer now owns 61,758 shares in the company, valued at approximately $8,896,857.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Arthur D. Cook sold 48,000 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $148.00, for a total transaction of $7,104,000.00. Following the completion of the sale, the vice president now owns 103,633 shares of the company’s stock, valued at approximately $15,337,684. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,200 shares of company stock valued at $19,628,348. Company insiders own 7.00% of the company’s stock.
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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