Findlay Park Partners LLP Boosts Stake in Pool Co. (NASDAQ:POOL)

Findlay Park Partners LLP lifted its stake in shares of Pool Co. (NASDAQ:POOLGet Rating) by 83.8% in the 4th quarter, HoldingsChannel reports. The firm owned 454,058 shares of the specialty retailer’s stock after buying an additional 207,072 shares during the quarter. Pool accounts for 1.7% of Findlay Park Partners LLP’s portfolio, making the stock its 24th biggest position. Findlay Park Partners LLP’s holdings in Pool were worth $256,997,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Pool by 0.5% in the 3rd quarter. BlackRock Inc. now owns 4,461,719 shares of the specialty retailer’s stock worth $1,938,217,000 after purchasing an additional 21,590 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Pool by 10.3% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,278,854 shares of the specialty retailer’s stock worth $555,550,000 after acquiring an additional 119,932 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Pool by 2.5% in the third quarter. Geode Capital Management LLC now owns 791,259 shares of the specialty retailer’s stock worth $342,943,000 after buying an additional 19,038 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Pool by 1.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 672,868 shares of the specialty retailer’s stock worth $380,845,000 after buying an additional 7,746 shares in the last quarter. Finally, Pictet Asset Management SA lifted its stake in shares of Pool by 13.5% in the fourth quarter. Pictet Asset Management SA now owns 621,669 shares of the specialty retailer’s stock worth $351,865,000 after buying an additional 74,013 shares in the last quarter. 91.88% of the stock is owned by institutional investors.

In other news, Director Martha S. Gervasi purchased 300 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The shares were bought at an average price of $391.86 per share, for a total transaction of $117,558.00. Following the completion of the transaction, the director now owns 808 shares in the company, valued at $316,622.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.

A number of brokerages have commented on POOL. Edward Jones began coverage on shares of Pool in a report on Tuesday, April 12th. They set a “hold” rating for the company. Berenberg Bank reiterated a “buy” rating and issued a $519.00 price target on shares of Pool in a research report on Tuesday, March 8th. Loop Capital lifted their price target on shares of Pool from $455.00 to $465.00 and gave the company a “hold” rating in a report on Friday, April 22nd. TheStreet downgraded shares of Pool from a “b” rating to a “c+” rating in a report on Thursday, April 21st. Finally, Stifel Nicolaus initiated coverage on shares of Pool in a research report on Monday, April 4th. They set a “buy” rating and a $485.00 target price on the stock. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $538.80.

POOL stock traded up $7.41 during midday trading on Friday, hitting $411.16. 338,844 shares of the stock traded hands, compared to its average volume of 424,041. The firm has a market cap of $16.48 billion, a P/E ratio of 22.88, a PEG ratio of 2.06 and a beta of 0.87. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.50 and a quick ratio of 0.79. The stock’s fifty day simple moving average is $430.04 and its 200-day simple moving average is $483.37. Pool Co. has a 1-year low of $377.52 and a 1-year high of $582.27.

Pool (NASDAQ:POOLGet Rating) last released its quarterly earnings results on Thursday, April 21st. The specialty retailer reported $4.41 EPS for the quarter, beating the consensus estimate of $3.11 by $1.30. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.27 billion. Pool had a net margin of 12.95% and a return on equity of 69.76%. The firm’s revenue was up 33.2% on a year-over-year basis. During the same quarter last year, the business earned $2.42 earnings per share. On average, research analysts predict that Pool Co. will post 18.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Monday, May 16th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.97%. The ex-dividend date is Friday, May 13th. This is a positive change from Pool’s previous quarterly dividend of $0.80. Pool’s dividend payout ratio (DPR) is currently 17.81%.

Pool Profile (Get Rating)

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. 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; fiberglass pools, and hot tubs and 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 related 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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