Pool Co. (NASDAQ:POOL) Stake Lowered by National Bank of Canada FI
National Bank of Canada FI reduced its stake in shares of Pool Co. (NASDAQ:POOL – Get Rating) by 91.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,009 shares of the specialty retailer’s stock after selling 22,349 shares during the period. National Bank of Canada FI’s holdings in Pool were worth $866,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Norges Bank bought a new stake in Pool in the fourth quarter worth $200,159,000. Artemis Investment Management LLP boosted its holdings in Pool by 71.9% in the first quarter. Artemis Investment Management LLP now owns 515,982 shares of the specialty retailer’s stock worth $217,825,000 after purchasing an additional 215,758 shares in the last quarter. Findlay Park Partners LLP boosted its holdings in Pool by 83.8% in the fourth quarter. Findlay Park Partners LLP now owns 454,058 shares of the specialty retailer’s stock worth $256,997,000 after purchasing an additional 207,072 shares in the last quarter. invesco ltd boosted its holdings in Pool by 25.7% during the fourth quarter. invesco ltd now owns 776,139 shares of the specialty retailer’s stock valued at $439,296,000 after acquiring an additional 158,573 shares during the period. Finally, Pictet Asset Management SA boosted its holdings in Pool by 13.5% during the fourth quarter. Pictet Asset Management SA now owns 621,669 shares of the specialty retailer’s stock valued at $351,865,000 after acquiring an additional 74,013 shares during the period. 91.88% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Peter D. Arvan purchased 500 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The shares were acquired at an average cost of $387.08 per share, with a total value of $193,540.00. Following the completion of the purchase, the chief executive officer now directly owns 61,825 shares of the company’s stock, valued at $23,931,221. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by insiders.
Pool price performance
Shares of Pool stock opened at $381.67 on Tuesday. The company has a current ratio of 2.77, a quick ratio of 1.00 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of 19.85, a P/E/G ratio of 2.03 and a beta of 0.88. Pool Co. has a 1-year low of $324.14 and a 1-year high of $582.27. The firm’s 50-day moving average price is $368.48 and its two-hundred day moving average price is $411.65.
Pool (NASDAQ:POOL – Get Rating) last issued its quarterly earnings data on Thursday, July 21st. The specialty retailer reported $7.59 earnings per share for the quarter, topping the consensus estimate of $7.40 by $0.19. The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Pool had a net margin of 13.17% and a return on equity of 68.34%. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.37 earnings per share. On average, equities analysts predict that Pool Co. will post 18.37 earnings per share for the current fiscal year.
Pool Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $4.00 annualized dividend and a dividend yield of 1.05%. Pool’s dividend payout ratio (DPR) is currently 20.80%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on POOL shares. The Goldman Sachs Group decreased their price target on shares of Pool from $560.00 to $450.00 and set a “buy” rating for the company in a report on Thursday, June 23rd. Robert W. Baird lowered shares of pool from an “outperform” rating to a “neutral” rating and set a $398.00 price objective for the company. in a research report on Thursday, July 14th. Edward Jones began coverage on shares of Pool in a research report on Tuesday, April 12th. They set a “hold” rating for the company. Longbow Research raised shares of Pool from a “neutral” rating to a “buy” rating and set a $550.00 price objective for the company in a research report on Tuesday, April 19th. Finally, TheStreet raised shares of Pool from a “c+” rating to a “b” rating in a research report on Thursday, June 2nd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Pool has a consensus rating of “Hold” and a consensus target price of $448.56.
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. 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; fiberglass pools, and hot tubs and 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 related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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 – Get Rating).
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.