Bank of New York Mellon Corp decreased its position in shares of Pool Co. (NASDAQ:POOL) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 593,437 shares of the specialty retailer’s stock after selling 15,241 shares during the period. Bank of New York Mellon Corp owned 1.47% of Pool worth $89,906,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Rhumbline Advisers increased its holdings in shares of Pool by 0.4% in the second quarter. Rhumbline Advisers now owns 89,087 shares of the specialty retailer’s stock valued at $13,497,000 after buying an additional 316 shares in the last quarter. First Republic Investment Management Inc. increased its holdings in shares of Pool by 7.4% in the second quarter. First Republic Investment Management Inc. now owns 5,764 shares of the specialty retailer’s stock valued at $873,000 after buying an additional 399 shares in the last quarter. NumerixS Investment Technologies Inc increased its holdings in shares of Pool by 57.1% in the second quarter. NumerixS Investment Technologies Inc now owns 1,100 shares of the specialty retailer’s stock valued at $167,000 after buying an additional 400 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Pool by 2.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,620 shares of the specialty retailer’s stock valued at $2,518,000 after buying an additional 409 shares in the last quarter. Finally, Intrust Bank NA increased its holdings in shares of Pool by 16.4% in the second quarter. Intrust Bank NA now owns 4,094 shares of the specialty retailer’s stock valued at $620,000 after buying an additional 577 shares in the last quarter. 93.69% of the stock is currently owned by hedge funds and other institutional investors.
In other Pool news, insider Mark W. Joslin sold 13,000 shares of Pool stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $162.28, for a total transaction of $2,109,640.00. Following the transaction, the insider now directly owns 131,228 shares in the company, valued at approximately $21,295,679.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO De La Mesa Manuel J. Perez sold 40,000 shares of Pool stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $161.52, for a total transaction of $6,460,800.00. Following the transaction, the chief executive officer now owns 60,258 shares in the company, valued at $9,732,872.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,766 shares of company stock worth $11,473,167. Corporate insiders own 6.00% of the company’s stock.
NASDAQ POOL opened at $147.95 on Friday. Pool Co. has a 1 year low of $117.51 and a 1 year high of $175.87. The company has a current ratio of 3.29, a quick ratio of 1.18 and a debt-to-equity ratio of 1.53. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 37.08, a P/E/G ratio of 1.11 and a beta of 1.03.
Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 18th. The specialty retailer reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.08. Pool had a net margin of 8.21% and a return on equity of 78.04%. The firm had revenue of $811.31 million for the quarter. During the same quarter in the previous year, the firm posted $1.16 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, analysts anticipate that Pool Co. will post 5.66 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 29th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.22%. The ex-dividend date is Wednesday, November 14th. Pool’s payout ratio is 45.11%.
Several research firms have issued reports on POOL. Robert W. Baird dropped their price target on Pool from $163.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, October 19th. Zacks Investment Research cut Pool from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Jefferies Financial Group began coverage on Pool in a report on Friday, October 12th. They issued a “hold” rating and a $145.00 price target on the stock. Finally, BidaskClub cut Pool from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $156.60.
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.
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