Barings LLC held its position in shares of Pool Corporation (NASDAQ:POOL) during the first quarter, Holdings Channel reports. The firm owned 42,300 shares of the specialty retailer’s stock at the end of the first quarter. Barings LLC’s holdings in Pool Corporation were worth $5,048,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. McQueen Ball & Associates Inc. increased its position in shares of Pool Corporation by 0.3% in the first quarter. McQueen Ball & Associates Inc. now owns 15,256 shares of the specialty retailer’s stock worth $1,821,000 after buying an additional 40 shares in the last quarter. State Treasurer State of Michigan increased its position in shares of Pool Corporation by 0.6% in the first quarter. State Treasurer State of Michigan now owns 16,700 shares of the specialty retailer’s stock worth $1,993,000 after buying an additional 100 shares in the last quarter. Mason Street Advisors LLC increased its position in shares of Pool Corporation by 0.8% in the first quarter. Mason Street Advisors LLC now owns 19,443 shares of the specialty retailer’s stock worth $2,320,000 after buying an additional 149 shares in the last quarter. Advantus Capital Management Inc increased its position in shares of Pool Corporation by 3.4% in the first quarter. Advantus Capital Management Inc now owns 5,269 shares of the specialty retailer’s stock worth $629,000 after buying an additional 174 shares in the last quarter. Finally, Profund Advisors LLC increased its position in shares of Pool Corporation by 3.3% in 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 in the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

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

Pool Corporation (NASDAQ POOL) traded down 0.32% during midday trading on Wednesday, reaching $123.36. 131,540 shares of the company’s stock traded hands. The company’s 50-day moving average price is $120.74 and its 200-day moving average price is $114.41. Pool Corporation has a 52-week low of $87.02 and a 52-week high of $124.26. The stock has a market cap of $5.10 billion, a P/E ratio of 34.12 and a beta of 0.95.

Pool Corporation (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, April 20th. The specialty retailer reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.12. The company had revenue of $546.44 million during the quarter. Pool Corporation had a net margin of 5.95% and a return on equity of 61.85%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 earnings per share. On average, equities analysts predict that Pool Corporation will post $4.25 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.20%. This is a positive change from Pool Corporation’s previous quarterly dividend of $0.31. The ex-dividend date was Monday, May 15th. Pool Corporation’s dividend payout ratio (DPR) is presently 41.23%.

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A number of brokerages recently weighed in on POOL. Zacks Investment Research downgraded shares of Pool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. BidaskClub raised shares of Pool Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $128.00 price target on shares of Pool Corporation in a research note on Friday, April 7th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $131.67.

In related news, Chairman Wilson B. Sexton sold 16,080 shares of the stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $118.89, for a total value of $1,911,751.20. Following the completion of the transaction, the chairman now directly owns 4,445 shares in the company, valued at approximately $528,466.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 12,372 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $122.12, for a total transaction of $1,510,868.64. Following the completion of the transaction, the chief executive officer now owns 51,953 shares of the company’s stock, valued at $6,344,500.36. The disclosure for this sale can be found here. Over the last quarter, insiders sold 81,452 shares of company stock valued at $9,733,040. 7.00% of the stock is owned by company insiders.

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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