State Board of Administration of Florida Retirement System lifted its position in shares of Pool Corporation (NASDAQ:POOL) by 18.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,356 shares of the specialty retailer’s stock after purchasing an additional 6,210 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.10% of Pool Corporation worth $4,365,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Villere ST Denis J & Co. LLC grew its stake in shares of Pool Corporation by 4.0% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 755,204 shares of the specialty retailer’s stock worth $81,690,000 after purchasing an additional 28,780 shares during the period. Conestoga Capital Advisors LLC grew its stake in shares of Pool Corporation by 199.8% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 22,713 shares of the specialty retailer’s stock worth $2,457,000 after purchasing an additional 15,138 shares during the period. K.J. Harrison & Partners Inc acquired a new stake in shares of Pool Corporation during the 3rd quarter worth approximately $1,082,000. Parametrica Management Ltd grew its stake in shares of Pool Corporation by 45.3% during the 3rd quarter. Parametrica Management Ltd now owns 3,932 shares of the specialty retailer’s stock worth $425,000 after purchasing an additional 1,225 shares during the period. Finally, Copeland Capital Management LLC grew its stake in shares of Pool Corporation by 1.4% during the 3rd quarter. Copeland Capital Management LLC now owns 212,791 shares of the specialty retailer’s stock worth $23,018,000 after purchasing an additional 2,858 shares during the period. 94.55% of the stock is currently owned by institutional investors and hedge funds.
Pool Corporation (POOL) opened at $119.39 on Wednesday. Pool Corporation has a 52-week low of $97.09 and a 52-week high of $124.25. The stock has a market capitalization of $4,824.03, a P/E ratio of 31.36 and a beta of 0.96. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.03 and a current ratio of 2.61.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.24%. Pool Corporation’s dividend payout ratio (DPR) is 37.47%.
In other Pool Corporation news, Director Harlan F. Seymour sold 15,502 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $118.87, for a total value of $1,842,722.74. Following the transaction, the director now owns 15,995 shares in the company, valued at approximately $1,901,325.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the firm’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 in the company, valued at approximately $7,450,006.84. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.
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A number of equities research analysts have recently commented on POOL shares. Johnson Rice raised shares of Pool Corporation from an “accumulate” rating to a “buy” rating in a research note on Monday, July 24th. BidaskClub lowered Pool Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Robert W. Baird increased their target price on Pool Corporation from $125.00 to $131.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Sidoti upgraded Pool Corporation from a “neutral” rating to a “buy” rating and increased their target price for the company from $119.00 to $131.00 in a research report on Friday, September 15th. Finally, Zacks Investment Research upgraded Pool Corporation from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $127.25.
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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