AQR Capital Management LLC Purchases 1,037 Shares of Pool Corporation (POOL)
AQR Capital Management LLC boosted its position in Pool Corporation (NASDAQ:POOL) by 12.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,432 shares of the specialty retailer’s stock after buying an additional 1,037 shares during the period. AQR Capital Management LLC’s holdings in Pool Corporation were worth $1,126,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Pool Corporation by 12,429.3% in the first quarter. BlackRock Inc. now owns 3,260,758 shares of the specialty retailer’s stock worth $389,106,000 after buying an additional 3,234,733 shares during the period. Congress Asset Management Co. MA raised its position in shares of Pool Corporation by 7,689.4% in the first quarter. Congress Asset Management Co. MA now owns 510,281 shares of the specialty retailer’s stock worth $60,892,000 after buying an additional 503,730 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Pool Corporation during the first quarter worth $35,589,000. Columbia Wanger Asset Management LLC raised its position in shares of Pool Corporation by 188.9% in the first quarter. Columbia Wanger Asset Management LLC now owns 390,336 shares of the specialty retailer’s stock worth $46,579,000 after buying an additional 255,229 shares during the period. Finally, Eagle Asset Management Inc. raised its position in shares of Pool Corporation by 30.8% in the first quarter. Eagle Asset Management Inc. now owns 1,014,091 shares of the specialty retailer’s stock worth $121,011,000 after buying an additional 239,013 shares during the period. Institutional investors own 92.59% of the company’s stock.
Pool Corporation (POOL) traded down 0.2840% during trading on Monday, reaching $108.3414. The company’s stock had a trading volume of 19,323 shares. The company has a market cap of $4.47 billion, a price-to-earnings ratio of 28.1626 and a beta of 0.91. Pool Corporation has a 12 month low of $88.65 and a 12 month high of $124.26. The stock’s 50 day moving average is $116.91 and its 200 day moving average is $116.55.
Pool Corporation (NASDAQ:POOL) last posted its earnings results on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.24 by $0.03. The company had revenue of $988.16 million for the quarter. Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%. Pool Corporation’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.98 EPS. On average, equities analysts expect that Pool Corporation will post $4.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, August 7th. This represents a $1.48 annualized dividend and a dividend yield of 1.36%. Pool Corporation’s dividend payout ratio is currently 38.74%.
Pool Corporation declared that its board has authorized a stock repurchase program on Wednesday, May 3rd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
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A number of equities analysts have recently weighed in on POOL shares. Zacks Investment Research lowered Pool Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. BidaskClub upgraded Pool Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Finally, Johnson Rice upgraded Pool Corporation from an “accumulate” rating to a “buy” rating in a research note on Monday, July 24th. Five equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $125.67.
In other Pool Corporation news, CEO De La Mesa Manuel J. Perez sold 12,372 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 51,953 shares in the company, valued at $6,344,500.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 7.00% of the company’s stock.
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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