Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Pool Co. (NASDAQ:POOL) by 43.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,652 shares of the specialty retailer’s stock after buying an additional 5,022 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Pool were worth $2,747,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Enlightenment Research LLC acquired a new stake in Pool during the fourth quarter worth $30,000. Executive Wealth Management LLC bought a new position in shares of Pool during the fourth quarter valued at $51,000. Riverview Trust Co bought a new position in shares of Pool during the fourth quarter valued at $57,000. Bessemer Group Inc. lifted its holdings in shares of Pool by 81.2% during the fourth quarter. Bessemer Group Inc. now owns 520 shares of the specialty retailer’s stock valued at $77,000 after acquiring an additional 233 shares during the period. Finally, Advisors Preferred LLC bought a new position in shares of Pool during the first quarter valued at $77,000. Hedge funds and other institutional investors own 95.50% of the company’s stock.
Shares of NASDAQ POOL opened at $180.35 on Thursday. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.96 and a quick ratio of 0.60. Pool Co. has a 52-week low of $136.83 and a 52-week high of $186.50. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of 32.09, a P/E/G ratio of 1.27 and a beta of 0.95.
Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, April 18th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.05). Pool had a net margin of 7.83% and a return on equity of 79.99%. The business had revenue of $597.50 million during the quarter, compared to the consensus estimate of $608.36 million. During the same period in the prior year, the firm earned $0.75 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that Pool Co. will post 6.07 earnings per share for the current year.
Pool declared that its board has initiated a share buyback plan on Thursday, May 2nd that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the specialty retailer to purchase up to 2.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.22%. This is a boost from Pool’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, May 16th. Pool’s payout ratio is currently 32.03%.
In related news, insider Romain Kenneth G. St sold 23,068 shares of Pool stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $158.39, for a total value of $3,653,740.52. Following the completion of the transaction, the insider now directly owns 105,068 shares of the company’s stock, valued at $16,641,720.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.01, for a total value of $1,860,100.00. Following the completion of the transaction, the insider now directly owns 69,702 shares of the company’s stock, valued at $12,965,269.02. The disclosure for this sale can be found here. Insiders sold 277,731 shares of company stock valued at $47,431,537 over the last ninety days. 6.00% of the stock is currently owned by company insiders.
A number of brokerages have issued reports on POOL. BidaskClub raised Pool from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 7th. Zacks Investment Research cut Pool from a “buy” rating to a “hold” rating in a report on Monday, February 18th. Stephens set a $186.00 price objective on Pool and gave the company a “hold” rating in a report on Tuesday, April 23rd. ValuEngine cut Pool from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Finally, Robert W. Baird raised Pool from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $160.00 to $177.00 in a report on Friday, February 22nd. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $171.20.
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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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