Oak Ridge Investments LLC Grows Holdings in Pool Corporation (POOL)

Oak Ridge Investments LLC boosted its stake in shares of Pool Corporation (NASDAQ:POOL) by 0.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 576,049 shares of the specialty retailer’s stock after buying an additional 3,809 shares during the period. Pool Corporation accounts for 2.2% of Oak Ridge Investments LLC’s investment portfolio, making the stock its 5th largest position. Oak Ridge Investments LLC owned 1.40% of Pool Corporation worth $67,726,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in POOL. Bank of Montreal Can boosted its stake in Pool Corporation by 72.1% during the first quarter. Bank of Montreal Can now owns 17,015 shares of the specialty retailer’s stock worth $2,031,000 after buying an additional 7,128 shares during the last quarter. Profund Advisors LLC boosted its stake in Pool Corporation by 3.3% during the first quarter. Profund Advisors LLC now owns 5,668 shares of the specialty retailer’s stock worth $676,000 after buying an additional 182 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Pool Corporation by 900.7% during the first quarter. Acadian Asset Management LLC now owns 4,213 shares of the specialty retailer’s stock worth $502,000 after buying an additional 3,792 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Pool Corporation by 1.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 14,786 shares of the specialty retailer’s stock worth $1,764,000 after buying an additional 200 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Pool Corporation by 557.1% during the first quarter. Canada Pension Plan Investment Board now owns 4,600 shares of the specialty retailer’s stock worth $549,000 after buying an additional 3,900 shares during the last quarter. 92.29% of the stock is currently owned by institutional investors.

Pool Corporation (NASDAQ:POOL) traded up 0.40% during trading on Friday, reaching $102.13. The company’s stock had a trading volume of 238,409 shares. The company has a market capitalization of $4.21 billion, a PE ratio of 26.55 and a beta of 0.92. Pool Corporation has a 52 week low of $88.65 and a 52 week high of $124.26. The company has a 50 day moving average price of $105.21 and a 200-day moving average price of $115.72.

Pool Corporation (NASDAQ:POOL) last announced its earnings results on Thursday, July 20th. The specialty retailer reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by $0.03. The company had revenue of $988.16 million for the quarter. Pool Corporation had a net margin of 6.15% and a return on equity of 63.34%. The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.98 EPS. Equities research analysts anticipate that Pool Corporation will post $4.21 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Monday, August 7th. Pool Corporation’s dividend payout ratio (DPR) is presently 38.74%.

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A number of research firms have weighed in on POOL. Zacks Investment Research lowered Pool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. BidaskClub raised Pool Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Finally, Johnson Rice raised Pool Corporation from an “accumulate” rating to a “buy” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $125.67.

About Pool Corporation

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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Institutional Ownership by Quarter for Pool Corporation (NASDAQ:POOL)

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