Russell Investments Group Ltd. lessened its stake in shares of Pool Co. (NASDAQ:POOL) by 5.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,777 shares of the specialty retailer’s stock after selling 5,345 shares during the quarter. Russell Investments Group Ltd. owned 0.25% of Pool worth $16,646,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of POOL. NumerixS Investment Technologies Inc lifted its stake in shares of Pool by 57.1% during the second quarter. NumerixS Investment Technologies Inc now owns 1,100 shares of the specialty retailer’s stock worth $167,000 after purchasing an additional 400 shares in the last quarter. HWG Holdings LP acquired a new position in shares of Pool in the third quarter worth about $179,000. Natixis acquired a new position in shares of Pool in the second quarter worth about $211,000. GAM Holding AG acquired a new position in shares of Pool in the second quarter worth about $255,000. Finally, First Hawaiian Bank acquired a new position in shares of Pool in the third quarter worth about $267,000. Institutional investors own 93.69% of the company’s stock.
NASDAQ:POOL opened at $147.95 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.18 and a current ratio of 3.29. Pool Co. has a one year low of $117.51 and a one year high of $175.87. The stock has a market capitalization of $5.96 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.03.
Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 18th. The specialty retailer reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.08. Pool had a return on equity of 78.04% and a net margin of 8.21%. The business had revenue of $811.31 million for the quarter. During the same quarter last year, the firm posted $1.16 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. As a group, equities research analysts predict that Pool Co. will post 5.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 29th. Investors of record on Thursday, November 15th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, November 14th. Pool’s dividend payout ratio is currently 45.11%.
Several research analysts recently commented on POOL shares. BidaskClub cut Pool from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 4th. Zacks Investment Research cut Pool from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Robert W. Baird cut their price target on Pool from $163.00 to $155.00 and set a “neutral” rating on the stock in a research note on Friday, October 19th. Finally, Jefferies Financial Group started coverage on Pool in a research note on Friday, October 12th. They issued a “hold” rating and a $145.00 price target on the stock. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $156.60.
In related news, CEO De La Mesa Manuel J. Perez sold 40,000 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $161.52, for a total value of $6,460,800.00. Following the completion of the sale, the chief executive officer now directly owns 60,258 shares of the company’s stock, valued at $9,732,872.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Arthur D. Cook sold 2,000 shares of the business’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $161.00, for a total value of $322,000.00. Following the completion of the sale, the insider now directly owns 55,357 shares of the company’s stock, valued at $8,912,477. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,766 shares of company stock valued at $11,473,167. 6.00% of the stock is owned by corporate insiders.
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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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