Handelsbanken Fonder AB lessened its stake in shares of Pool Co. (NASDAQ:POOL) by 8.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 460,000 shares of the specialty retailer’s stock after selling 40,000 shares during the quarter. Pool accounts for about 2.7% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 7th largest position. Handelsbanken Fonder AB’s holdings in Pool were worth $76,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Pool by 11.0% during the 2nd quarter. BlackRock Inc. now owns 3,754,763 shares of the specialty retailer’s stock worth $568,848,000 after buying an additional 370,948 shares during the period. FMR LLC increased its holdings in Pool by 5.6% during the 2nd quarter. FMR LLC now owns 1,156,051 shares of the specialty retailer’s stock valued at $175,142,000 after purchasing an additional 61,632 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in Pool by 17.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 650,811 shares of the specialty retailer’s stock valued at $98,598,000 after purchasing an additional 96,678 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Pool by 26.4% during the 2nd quarter. Wells Fargo & Company MN now owns 606,971 shares of the specialty retailer’s stock valued at $91,957,000 after purchasing an additional 126,832 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Pool by 1.8% during the 2nd quarter. Northern Trust Corp now owns 351,119 shares of the specialty retailer’s stock valued at $53,194,000 after purchasing an additional 6,249 shares in the last quarter. Institutional investors and hedge funds own 93.92% of the company’s stock.
POOL has been the subject of a number of recent analyst reports. BidaskClub raised Pool from a “buy” rating to a “strong-buy” rating in a report on Friday, June 22nd. Robert W. Baird cut Pool from an “outperform” rating to a “neutral” rating and set a $131.00 price target for the company. in a report on Tuesday, July 3rd. Zacks Investment Research cut Pool from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Finally, Jefferies Financial Group initiated coverage on Pool in a report on Friday, October 12th. They set a “hold” rating and a $145.00 price target for the company. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $151.80.
In other news, CEO De La Mesa Manuel J. Perez sold 40,000 shares of Pool stock in a transaction on 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 approximately $9,732,872.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Arthur D. Cook sold 10,000 shares of Pool stock in a transaction on Thursday, August 30th. The shares were 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 directly 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 a total of 70,766 shares of company stock valued at $11,473,167 over the last three months. Insiders own 6.00% of the company’s stock.
POOL stock traded up $0.20 during midday trading on Friday, reaching $142.54. 29,446 shares of the company’s stock traded hands, compared to its average volume of 309,801. Pool Co. has a 1-year low of $110.25 and a 1-year high of $175.87. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 35.72, a P/E/G ratio of 1.10 and a beta of 0.84. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.64 and a quick ratio of 1.15.
Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 18th. The specialty retailer reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.08. The firm had revenue of $811.31 million during the quarter. Pool had a return on equity of 82.52% and a net margin of 7.69%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.16 earnings per share. On average, equities analysts expect that Pool Co. will post 5.57 earnings per share for the current fiscal year.
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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