Intrust Bank NA reduced its stake in Pool Corporation (NASDAQ:POOL) by 25.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,353 shares of the specialty retailer’s stock after selling 1,162 shares during the quarter. Intrust Bank NA’s holdings in Pool Corporation were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in Pool Corporation by 1,198.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,143 shares of the specialty retailer’s stock valued at $134,000 after acquiring an additional 1,055 shares in the last quarter. Huntington National Bank lifted its position in Pool Corporation by 27.9% in the 2nd quarter. Huntington National Bank now owns 1,481 shares of the specialty retailer’s stock valued at $174,000 after acquiring an additional 323 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in Pool Corporation during the 2nd quarter valued at $188,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Pool Corporation by 13.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,606 shares of the specialty retailer’s stock valued at $189,000 after buying an additional 185 shares during the last quarter. Finally, FCG Advisors LLC raised its stake in Pool Corporation by 0.3% during the 2nd quarter. FCG Advisors LLC now owns 1,797 shares of the specialty retailer’s stock valued at $211,000 after buying an additional 6 shares during the last quarter. 94.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of Pool Corporation (NASDAQ POOL) opened at $120.10 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 2.61 and a debt-to-equity ratio of 2.64. The company has a market capitalization of $4,801.94, a price-to-earnings ratio of 31.21 and a beta of 0.96. Pool Corporation has a 12 month low of $97.09 and a 12 month high of $124.25.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 15th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.48 dividend on an annualized basis and a yield of 1.23%. Pool Corporation’s payout ratio is presently 37.47%.
POOL has been the subject of a number of research reports. Johnson Rice upgraded shares of Pool Corporation from an “accumulate” rating to a “buy” rating in a research note on Monday, July 24th. BidaskClub lowered shares of Pool Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Robert W. Baird boosted their target price on shares of Pool Corporation from $125.00 to $131.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Sidoti upgraded shares of Pool Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $119.00 to $131.00 in a research note on Friday, September 15th. Finally, Zacks Investment Research upgraded shares of Pool Corporation from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $127.25.
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In other Pool Corporation news, Director Harlan F. Seymour sold 15,502 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $118.87, for a total transaction of $1,842,722.74. Following the completion of the transaction, the director now owns 15,995 shares of the company’s stock, valued at approximately $1,901,325.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $120.73, for a total transaction of $5,750,128.44. Following the transaction, the chief executive officer now directly owns 61,708 shares of the company’s stock, valued at approximately $7,450,006.84. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.
Pool Corporation Profile
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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