Russell Investments Group Ltd. cut its stake in shares of Pool Co. (NASDAQ:POOL) by 5.1% in the 3rd quarter, Holdings Channel reports. The firm owned 99,777 shares of the specialty retailer’s stock after selling 5,345 shares during the quarter. Russell Investments Group Ltd.’s holdings in Pool were worth $16,646,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently bought and sold shares of the company. Rhumbline Advisers boosted its position in shares of Pool by 0.4% during the second quarter. Rhumbline Advisers now owns 89,087 shares of the specialty retailer’s stock worth $13,497,000 after buying an additional 316 shares during the period. First Republic Investment Management Inc. boosted its position in shares of Pool by 7.4% during the second quarter. First Republic Investment Management Inc. now owns 5,764 shares of the specialty retailer’s stock worth $873,000 after buying an additional 399 shares during the period. NumerixS Investment Technologies Inc boosted its position 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 buying an additional 400 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of Pool by 2.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,620 shares of the specialty retailer’s stock worth $2,518,000 after buying an additional 409 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of Pool by 7.8% during the third quarter. Bank of Montreal Can now owns 6,964 shares of the specialty retailer’s stock worth $1,162,000 after buying an additional 505 shares during the period. 93.69% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on POOL. Robert W. Baird reduced their price objective on Pool from $163.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday, October 19th. Zacks Investment Research downgraded Pool from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Jefferies Financial Group began coverage on Pool in a research report on Friday, October 12th. They set a “hold” rating and a $145.00 price objective for the company. Finally, BidaskClub downgraded Pool from a “buy” rating to a “hold” rating in a research report on Friday, October 12th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $156.60.
Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 18th. The specialty retailer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.58 by $0.08. The firm had revenue of $811.31 million during the quarter. Pool had a return on equity of 78.04% and a net margin of 8.21%. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $1.16 earnings per share. On average, analysts predict that Pool Co. will post 5.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 29th. Shareholders of record on Thursday, November 15th will be given a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.22%. Pool’s dividend payout ratio (DPR) is 45.11%.
In other Pool news, insider Mark W. Joslin sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $162.28, for a total value of $2,109,640.00. Following the completion of the sale, the insider now directly owns 131,228 shares in the company, valued at $21,295,679.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Arthur D. Cook sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $164.11, for a total value of $1,641,100.00. Following the completion of the sale, the insider now owns 65,357 shares of the company’s stock, valued at $10,725,737.27. The disclosure for this sale can be found here. Insiders sold 70,766 shares of company stock valued at $11,473,167 over the last 90 days. 6.00% of the stock is currently owned by insiders.
Pool Company Profile
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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