BlackRock Inc. Sells 3,985 Shares of Pool Co. (NASDAQ:POOL)

Share on StockTwits

BlackRock Inc. lessened its stake in shares of Pool Co. (NASDAQ:POOL) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,741,446 shares of the specialty retailer’s stock after selling 3,985 shares during the quarter. BlackRock Inc. owned about 0.09% of Pool worth $714,616,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in POOL. Price T Rowe Associates Inc. MD lifted its position in Pool by 3.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,872,864 shares of the specialty retailer’s stock valued at $357,717,000 after acquiring an additional 56,797 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in Pool by 5.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,670,558 shares of the specialty retailer’s stock valued at $319,080,000 after acquiring an additional 83,807 shares in the last quarter. Invesco Ltd. lifted its position in Pool by 88.8% in the 2nd quarter. Invesco Ltd. now owns 1,527,657 shares of the specialty retailer’s stock valued at $291,783,000 after acquiring an additional 718,312 shares in the last quarter. Wasatch Advisors Inc. lifted its position in Pool by 2.9% in the 2nd quarter. Wasatch Advisors Inc. now owns 733,681 shares of the specialty retailer’s stock valued at $140,133,000 after acquiring an additional 20,908 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Pool by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 559,903 shares of the specialty retailer’s stock valued at $106,941,000 after acquiring an additional 8,619 shares in the last quarter. 94.40% of the stock is currently owned by institutional investors.

Several equities analysts recently weighed in on the stock. ValuEngine cut shares of Pool from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut shares of Pool from a “buy” rating to a “hold” rating and set a $228.00 price target on the stock. in a research report on Monday, October 21st. BidaskClub raised shares of Pool from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Robert W. Baird raised their price target on shares of Pool from $192.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Sidoti cut shares of Pool from a “buy” rating to a “neutral” rating and set a $215.00 price target on the stock. in a research report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $217.25.

In related news, Vice Chairman De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $215.12, for a total value of $2,151,200.00. Following the transaction, the insider now owns 69,738 shares in the company, valued at approximately $15,002,038.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mark W. Joslin sold 5,000 shares of Pool stock in a transaction on Monday, October 21st. The stock was sold at an average price of $214.84, for a total transaction of $1,074,200.00. Following the completion of the transaction, the chief financial officer now owns 120,920 shares in the company, valued at approximately $25,978,452.80. The disclosure for this sale can be found here. Insiders have sold a total of 24,281 shares of company stock valued at $5,056,733 over the last ninety days. 6.00% of the stock is currently owned by insiders.

NASDAQ:POOL opened at $202.09 on Friday. Pool Co. has a 52 week low of $137.02 and a 52 week high of $228.19. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.98 and a current ratio of 2.68. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 35.96, a price-to-earnings-growth ratio of 1.45 and a beta of 0.87. The firm has a 50-day moving average price of $203.19 and a two-hundred day moving average price of $192.26.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, October 17th. The specialty retailer reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.17. Pool had a net margin of 8.24% and a return on equity of 82.52%. The company had revenue of $898.50 million during the quarter, compared to the consensus estimate of $883.54 million. During the same period in the previous year, the firm posted $1.66 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Pool Co. will post 5.84 earnings per share for the current year.

The business also recently disclosed a dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.55 per share. The ex-dividend date is Wednesday, November 13th. Pool’s dividend payout ratio is currently 39.15%.

About Pool

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.

See Also: High-Yield Dividend Stocks

Want to see what other hedge funds are holding POOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pool Co. (NASDAQ:POOL).

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.