Cambridge Trust Co. increased its position in shares of Pool Co. (NASDAQ:POOL) by 35.0% during the first quarter, Holdings Channel reports. The institutional investor owned 8,201 shares of the specialty retailer’s stock after buying an additional 2,125 shares during the period. Cambridge Trust Co.’s holdings in Pool were worth $979,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Pool by 12,429.3% in the first quarter. BlackRock Inc. now owns 3,260,758 shares of the specialty retailer’s stock worth $389,106,000 after buying an additional 3,234,733 shares in the last quarter. Congress Asset Management Co. MA raised its position in Pool by 7,689.4% in the first quarter. Congress Asset Management Co. MA now owns 510,281 shares of the specialty retailer’s stock worth $60,892,000 after buying an additional 503,730 shares in the last quarter. Norges Bank bought a new position in Pool during the fourth quarter worth about $36,100,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Pool during the first quarter worth about $35,589,000. Finally, Columbia Wanger Asset Management LLC raised its position in Pool by 188.9% in the first quarter. Columbia Wanger Asset Management LLC now owns 390,336 shares of the specialty retailer’s stock worth $46,579,000 after buying an additional 255,229 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.
Pool Co. (POOL) traded up 2.04% on Friday, reaching $122.60. The company had a trading volume of 234,188 shares. The stock has a market cap of $5.07 billion, a price-to-earnings ratio of 33.91 and a beta of 0.95. Pool Co. has a one year low of $87.02 and a one year high of $124.26. The company has a 50-day moving average of $120.74 and a 200 day moving average of $114.41.
Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, April 20th. The specialty retailer reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.12. The business had revenue of $546.44 million for the quarter. Pool had a return on equity of 41.77% and a net margin of 4.07%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.38 earnings per share. On average, equities research analysts predict that Pool Co. will post $4.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th were given a dividend of $0.37 per share. The ex-dividend date was Monday, May 15th. This is a positive change from Pool’s previous quarterly dividend of $0.31. This represents a $1.48 dividend on an annualized basis and a yield of 1.21%. Pool’s dividend payout ratio is 41.23%.
A number of research analysts recently issued reports on POOL shares. Zacks Investment Research lowered Pool from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. BidaskClub upgraded Pool from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Finally, Wedbush restated an “outperform” rating and set a $128.00 price objective (up previously from $120.00) on shares of Pool in a research report on Monday, February 27th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Pool presently has a consensus rating of “Buy” and an average target price of $131.67.
In related news, Chairman Wilson B. Sexton sold 16,080 shares of the stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $118.89, for a total transaction of $1,911,751.20. Following the sale, the chairman now directly owns 4,445 shares in the company, valued at approximately $528,466.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 12,372 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $122.12, for a total value of $1,510,868.64. Following the sale, the chief executive officer now owns 51,953 shares in the company, valued at $6,344,500.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,452 shares of company stock worth $9,733,040. 7.00% of the stock is owned by corporate insiders.
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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