New York State Common Retirement Fund lessened its holdings in Pool Co. (NASDAQ:POOL) by 17.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,800 shares of the specialty retailer’s stock after selling 18,735 shares during the period. New York State Common Retirement Fund owned 0.23% of Pool worth $9,822,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in POOL. Northwestern Mutual Wealth Management Co. grew its stake in shares of Pool by 1,198.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the specialty retailer’s stock valued at $134,000 after buying an additional 1,055 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Pool by 13.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,606 shares of the specialty retailer’s stock worth $189,000 after purchasing an additional 185 shares during the last quarter. FCG Advisors LLC grew its stake in shares of Pool by 0.3% in the second quarter. FCG Advisors LLC now owns 1,797 shares of the specialty retailer’s stock worth $211,000 after purchasing an additional 6 shares during the last quarter. Sawtooth Solutions LLC grew its stake in shares of Pool by 2.3% in the second quarter. Sawtooth Solutions LLC now owns 1,943 shares of the specialty retailer’s stock worth $228,000 after purchasing an additional 44 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of Pool by 8.8% in the second quarter. D.A. Davidson & CO. now owns 2,059 shares of the specialty retailer’s stock worth $242,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 94.18% of the company’s stock.
Several analysts recently issued reports on the company. BidaskClub cut Pool from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Robert W. Baird lifted their price objective on Pool from $125.00 to $131.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Finally, Sidoti raised Pool from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $119.00 to $131.00 in a research report on Friday, September 15th. Six research analysts have rated the stock with a buy rating, Pool presently has an average rating of “Buy” and a consensus target price of $127.25.
In related news, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $120.73, for a total value of $5,750,128.44. Following the completion of the transaction, the chief executive officer now owns 61,708 shares of the company’s stock, valued at approximately $7,450,006.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert C. Sledd sold 7,200 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $131.02, for a total transaction of $943,344.00. Following the completion of the transaction, the director now directly owns 23,814 shares of the company’s stock, valued at approximately $3,120,110.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,330 shares of company stock valued at $8,536,195. 7.00% of the stock is currently owned by insiders.
Shares of Pool Co. (NASDAQ POOL) traded down $0.31 during midday trading on Friday, reaching $131.21. 111,467 shares of the company were exchanged, compared to its average volume of 163,511. Pool Co. has a 52 week low of $97.25 and a 52 week high of $133.06. The stock has a market cap of $5,220.00, a price-to-earnings ratio of 33.22 and a beta of 0.95. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.03 and a current ratio of 2.61.
Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.02. Pool had a net margin of 6.19% and a return on equity of 69.28%. The company had revenue of $743.40 million during the quarter. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Pool’s revenue was up 7.5% on a year-over-year basis. equities research analysts predict that Pool Co. will post 4.07 earnings per share for the current year.
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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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