Alps Advisors Inc. lowered its position in shares of Pool Corp. (NASDAQ:POOL) by 6.8% during the second quarter, Holdings Channel reports. The institutional investor owned 4,835 shares of the company’s stock after selling 352 shares during the period. Alps Advisors Inc.’s holdings in Pool Corp. were worth $455,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp increased its position in Pool Corp. by 53.5% in the first quarter. State Street Corp now owns 1,414,849 shares of the company’s stock worth $124,137,000 after buying an additional 493,299 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Pool Corp. by 16.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,227,624 shares of the company’s stock worth $107,712,000 after buying an additional 176,269 shares in the last quarter. Eagle Asset Management Inc. increased its position in Pool Corp. by 24.9% in the second quarter. Eagle Asset Management Inc. now owns 662,342 shares of the company’s stock worth $62,280,000 after buying an additional 131,958 shares in the last quarter. Fisher Asset Management LLC increased its position in Pool Corp. by 0.4% in the second quarter. Fisher Asset Management LLC now owns 641,419 shares of the company’s stock worth $62,012,000 after buying an additional 2,677 shares in the last quarter. Finally, Norges Bank bought a new position in Pool Corp. during the fourth quarter worth approximately $32,426,000. 92.20% of the stock is owned by institutional investors.
Pool Corp. (NASDAQ:POOL) traded down 1.11% during trading on Wednesday, reaching $94.59. The company’s stock had a trading volume of 558,472 shares. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 28.74 and a beta of 0.90. Pool Corp. has a 52-week low of $71.10 and a 52-week high of $102.86. The stock’s 50-day moving average is $97.37 and its 200 day moving average is $93.60.
Pool Corp. (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, July 21st. The company reported $1.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.05. Pool Corp. had a return on equity of 57.51% and a net margin of 5.76%. The company earned $918.90 million during the quarter, compared to the consensus estimate of $904.82 million. During the same period last year, the business earned $1.75 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts predict that Pool Corp. will post $3.43 EPS for the current fiscal year.
A number of research analysts have recently commented on POOL shares. Zacks Investment Research downgraded shares of Pool Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Wedbush started coverage on shares of Pool Corp. in a research note on Wednesday, August 24th. They set an “outperform” rating and a $115.00 price objective for the company. Finally, Johnson Rice downgraded shares of Pool Corp. from a “buy” rating to an “accumulate” rating in a research note on Friday, July 15th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Pool Corp. has an average rating of “Buy” and a consensus price target of $97.80.
In related news, insider Mark W. Joslin sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $100.85, for a total value of $756,375.00. Following the transaction, the insider now directly owns 127,859 shares of the company’s stock, valued at approximately $12,894,580.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $100.70, for a total value of $3,021,000.00. Following the completion of the transaction, the chief executive officer now directly owns 72,511 shares in the company, valued at $7,301,857.70. The disclosure for this sale can be found here. Insiders own 8.00% of the company’s stock.
About Pool Corp.
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is also a distributor of irrigation and landscape products in the United States. The Company operates over 340 sales centers in North America, Europe, South America and Australia through its over four distribution networks, such as SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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