Advisor Partners LLC Takes $201,000 Position in Pool Co. (POOL)
Advisor Partners LLC bought a new position in Pool Co. (NASDAQ:POOL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,203 shares of the specialty retailer’s stock, valued at approximately $201,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. NumerixS Investment Technologies Inc lifted its stake 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 worth $167,000 after buying an additional 400 shares during the last quarter. HWG Holdings LP acquired a new position in Pool during the 3rd quarter valued at $179,000. Natixis acquired a new position in Pool during the 2nd quarter valued at $211,000. GAM Holding AG acquired a new position in Pool during the 2nd quarter valued at $255,000. Finally, First Hawaiian Bank acquired a new position in Pool during the 3rd quarter valued at $267,000. 94.54% of the stock is currently owned by hedge funds and other institutional investors.
In other Pool news, CEO De La Mesa Manuel J. Perez sold 10,300 shares of the stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $160.98, for a total transaction of $1,658,094.00. Following the sale, the chief executive officer now owns 69,001 shares of the company’s stock, valued at approximately $11,107,780.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 20,448 shares of the stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $162.28, for a total transaction of $3,318,301.44. Following the sale, the chief executive officer now directly owns 69,001 shares in the company, valued at approximately $11,197,482.28. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by corporate insiders.
Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 18th. The specialty retailer reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $811.31 million for the quarter. During the same period in the previous year, the company posted $1.16 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts predict that Pool Co. will post 5.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 29th. Stockholders of record on Thursday, November 15th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Wednesday, November 14th. Pool’s payout ratio is 45.11%.
Several research firms recently commented on POOL. Zacks Investment Research cut shares of Pool from a “buy” rating to a “hold” rating in a research note on Tuesday, September 18th. BidaskClub raised shares of Pool from a “buy” rating to a “strong-buy” rating in a report on Friday, September 7th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $160.40.
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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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