Pool Co. (POOL) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in shares of Pool Co. (NASDAQ:POOL) by 12.4% in the third quarter, Holdings Channel reports. The fund owned 14,394 shares of the specialty retailer’s stock after acquiring an additional 1,591 shares during the period. Pacer Advisors Inc.’s holdings in Pool were worth $2,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. HWG Holdings LP bought a new position in shares of Pool during the 3rd quarter worth about $179,000. NumerixS Investment Technologies Inc increased its holdings in shares of Pool by 57.1% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,100 shares of the specialty retailer’s stock worth $167,000 after purchasing an additional 400 shares during the period. Advisor Partners LLC bought a new position in shares of Pool during the 3rd quarter worth about $201,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Pool during the 3rd quarter worth about $206,000. Finally, Natixis bought a new position in shares of Pool during the 2nd quarter worth about $211,000. 94.54% of the stock is owned by hedge funds and other institutional investors.

POOL has been the topic of several research reports. BidaskClub upgraded shares of Pool from a “buy” rating to a “strong-buy” rating in a report on Friday, September 7th. Zacks Investment Research downgraded shares of Pool from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Jefferies Financial Group initiated coverage on shares of Pool in a report on Friday, October 12th. They set a “hold” rating and a $145.00 price objective on the stock. Finally, Robert W. Baird dropped their price objective on shares of Pool from $163.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, October 19th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $160.40.

In related news, CEO De La Mesa Manuel J. Perez sold 10,300 shares of the company’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $160.98, for a total value of $1,658,094.00. Following the sale, the chief executive officer now owns 69,001 shares of the company’s stock, valued at $11,107,780.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 20,448 shares of the company’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $162.28, for a total transaction of $3,318,301.44. Following the completion of the sale, the chief executive officer now directly owns 69,001 shares in the company, valued at approximately $11,197,482.28. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

NASDAQ POOL opened at $146.84 on Friday. The stock has a market capitalization of $5.91 billion, a P/E ratio of 27.09, a price-to-earnings-growth ratio of 1.10 and a beta of 1.05. Pool Co. has a twelve month low of $123.88 and a twelve month high of $175.87. The company has a current ratio of 3.29, a quick ratio of 1.18 and a debt-to-equity ratio of 1.53.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, October 18th. The specialty retailer reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.08. The business had revenue of $811.31 million for the quarter. Pool had a net margin of 8.21% and a return on equity of 78.04%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.16 EPS. As a group, research analysts anticipate that Pool Co. will post 5.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 29th. Investors of record on Thursday, November 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.23%. Pool’s payout ratio is currently 45.11%.

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Pool Company Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; 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 landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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