Pool Corporation (NASDAQ:POOL) Shares Bought by First Bank & Trust
First Bank & Trust raised its position in Pool Corporation (NASDAQ:POOL) by 5.6% during the second quarter, Holdings Channel reports. The fund owned 2,878 shares of the specialty retailer’s stock after buying an additional 153 shares during the period. First Bank & Trust’s holdings in Pool Corporation were worth $338,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in 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 last quarter. Congress Asset Management Co. MA boosted its position in 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 last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Pool Corporation during the first quarter worth approximately $35,589,000. Columbia Wanger Asset Management LLC boosted its position in 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 last quarter. Finally, Eagle Asset Management Inc. boosted its position in 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 last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.
Pool Corporation (POOL) opened at 109.02 on Monday. The company has a market cap of $4.49 billion, a PE ratio of 28.34 and a beta of 0.91. Pool Corporation has a 12-month low of $88.64 and a 12-month high of $124.25. The company’s 50-day moving average price is $116.91 and its 200-day moving average price is $116.55.
Pool Corporation (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $2.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by $0.03. The firm had revenue of $988.16 million during the quarter. Pool Corporation had a net margin of 6.15% and a return on equity of 63.34%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted $1.98 EPS. Equities analysts anticipate that Pool Corporation will post $4.21 earnings per share for the current year.
Pool Corporation announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 3rd that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the specialty retailer to buy up to 3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Shareholders of record on Wednesday, August 9th will be paid a $0.37 dividend. The ex-dividend date is Monday, August 7th. This represents a $1.48 annualized dividend and a yield of 1.36%. Pool Corporation’s dividend payout ratio (DPR) is 38.74%.
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POOL has been the subject of a number of research analyst reports. Zacks Investment Research cut Pool Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BidaskClub upgraded Pool Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, June 16th. Finally, Johnson Rice upgraded Pool Corporation from an “accumulate” rating to a “buy” rating in a report on Monday, July 24th. Five analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price 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 dated Wednesday, May 10th. The shares were sold at an average price of $122.12, for a total value of $1,510,868.64. Following the completion of the sale, the chief executive officer now owns 51,953 shares in the company, valued at approximately $6,344,500.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 7.00% of the company’s stock.
Pool Corporation Company Profile
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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