Prudential Financial Inc. cut its position in shares of Pool Corporation (NASDAQ:POOL) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 253,614 shares of the specialty retailer’s stock after selling 4,014 shares during the period. Prudential Financial Inc. owned approximately 0.62% of Pool Corporation worth $29,817,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Karp Capital Management Corp acquired a new position in shares of Pool Corporation during the first quarter worth about $1,525,000. Bank of Montreal Can increased its position in shares of Pool Corporation by 72.1% in the first quarter. Bank of Montreal Can now owns 17,015 shares of the specialty retailer’s stock worth $2,031,000 after buying an additional 7,128 shares during the period. BlackRock Inc. increased 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. Handelsbanken Fonder AB increased its position in shares of Pool Corporation by 10.6% in the second quarter. Handelsbanken Fonder AB now owns 385,000 shares of the specialty retailer’s stock worth $45,264,000 after buying an additional 37,000 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Pool Corporation by 4.2% in the first quarter. Vanguard Group Inc. now owns 3,172,624 shares of the specialty retailer’s stock worth $378,589,000 after buying an additional 126,641 shares during the period. 92.30% of the stock is owned by hedge funds and other institutional investors.

Shares of Pool Corporation (NASDAQ POOL) opened at 100.79 on Friday. Pool Corporation has a 12-month low of $88.65 and a 12-month high of $124.26. The stock has a 50 day moving average price of $107.02 and a 200 day moving average price of $116.06. The firm has a market capitalization of $4.15 billion, a P/E ratio of 26.20 and a beta of 0.92.

Pool Corporation (NASDAQ:POOL) last issued its earnings results on Thursday, July 20th. The specialty retailer reported $2.21 EPS for the quarter, missing the consensus estimate of $2.24 by $0.03. The firm had revenue of $988.16 million during the quarter. Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $1.98 EPS. Equities analysts anticipate that Pool Corporation will post $4.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $1.48 dividend on an annualized basis and a yield of 1.47%. Pool Corporation’s dividend payout ratio is currently 38.74%.

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Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Pool Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Johnson Rice raised Pool Corporation from an “accumulate” rating to a “buy” rating in a report on Monday, July 24th. Finally, BidaskClub downgraded Pool Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $125.67.

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

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