Schonfeld Strategic Advisors LLC increased its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 129.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,712 shares of the specialty retailer's stock after acquiring an additional 22,937 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.11% of Pool worth $13,880,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Pool by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 4,443,451 shares of the specialty retailer's stock worth $1,514,950,000 after purchasing an additional 21,870 shares in the last quarter. JPMorgan Chase & Co. increased its position in Pool by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer's stock valued at $474,886,000 after buying an additional 232,914 shares in the last quarter. Wellington Management Group LLP raised its stake in Pool by 27.5% in the fourth quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer's stock valued at $355,435,000 after buying an additional 224,674 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Pool by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 977,862 shares of the specialty retailer's stock worth $332,566,000 after acquiring an additional 13,519 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Pool by 6.2% during the fourth quarter. Invesco Ltd. now owns 763,817 shares of the specialty retailer's stock worth $260,416,000 after acquiring an additional 44,884 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.
Insider Activity at Pool
In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the transaction, the director now directly owns 62,577 shares in the company, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jennifer M. Neil sold 1,223 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the sale, the senior vice president now directly owns 9,667 shares of the company's stock, valued at approximately $3,045,105. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.
Pool Stock Performance
Shares of NASDAQ POOL traded up $10.34 during trading on Friday, reaching $306.69. 365,845 shares of the company traded hands, compared to its average volume of 384,926. The stock has a market cap of $11.57 billion, a P/E ratio of 27.19, a PEG ratio of 2.03 and a beta of 1.13. The firm's fifty day simple moving average is $318.71 and its 200 day simple moving average is $342.31. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. Pool Co. has a 12-month low of $284.28 and a 12-month high of $395.60.
Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.10). Pool had a net margin of 8.18% and a return on equity of 31.11%. The company had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter in the prior year, the business posted $1.85 earnings per share. The firm's revenue was down 4.4% compared to the same quarter last year. As a group, research analysts anticipate that Pool Co. will post 11.32 earnings per share for the current fiscal year.
Pool announced that its board has initiated a share repurchase plan on Wednesday, April 30th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the specialty retailer to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.
Pool Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, May 15th will be given a dividend of $1.25 per share. This is a positive change from Pool's previous quarterly dividend of $1.20. The ex-dividend date is Thursday, May 15th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.63%. Pool's dividend payout ratio (DPR) is 45.03%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Pool in a research note on Tuesday, April 1st. They issued a "hold" rating and a $344.00 target price for the company. Robert W. Baird lowered their price objective on shares of Pool from $325.00 to $310.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. StockNews.com downgraded Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Wells Fargo & Company set a $300.00 target price on Pool in a research note on Friday, April 25th. Finally, Stifel Nicolaus set a $300.00 price target on Pool in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $336.22.
Check Out Our Latest Stock Report on POOL
About Pool
(
Free Report)
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; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.
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