KDI Capital Partners LLC cut its stake in Pool Co. (NASDAQ:POOL) by 36.2% during the 4th quarter, HoldingsChannel reports. The fund owned 50,259 shares of the specialty retailer’s stock after selling 28,468 shares during the period. Pool comprises 2.6% of KDI Capital Partners LLC’s portfolio, making the stock its 19th largest position. KDI Capital Partners LLC’s holdings in Pool were worth $6,516,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Carillon Tower Advisers Inc. acquired a new stake in shares of Pool during the fourth quarter worth $93,632,000. Logan Capital Management Inc. grew its position in shares of Pool by 14.2% during the fourth quarter. Logan Capital Management Inc. now owns 4,782 shares of the specialty retailer’s stock worth $620,000 after acquiring an additional 595 shares during the last quarter. Eaton Vance Management bought a new position in shares of Pool during the fourth quarter worth about $1,098,000. FDx Advisors Inc. grew its position in shares of Pool by 4.0% during the fourth quarter. FDx Advisors Inc. now owns 10,517 shares of the specialty retailer’s stock worth $1,364,000 after acquiring an additional 409 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in shares of Pool during the fourth quarter worth about $144,000. 95.72% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Romain Kenneth G. St sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $145.96, for a total transaction of $5,838,400.00. Following the completion of the transaction, the insider now owns 105,308 shares in the company, valued at approximately $15,370,755.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert C. Sledd sold 7,200 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $131.02, for a total transaction of $943,344.00. Following the transaction, the director now owns 23,814 shares of the company’s stock, valued at approximately $3,120,110.28. The disclosure for this sale can be found here. Insiders sold a total of 96,500 shares of company stock valued at $14,078,482 in the last quarter. 7.00% of the stock is currently owned by insiders.
Pool (NASDAQ:POOL) last announced its earnings results on Thursday, February 15th. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.04. The firm had revenue of $510.18 million during the quarter. Pool had a net margin of 2.67% and a return on equity of 25.28%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. equities analysts forecast that Pool Co. will post 5.47 earnings per share for the current fiscal year.
Several research firms have recently commented on POOL. BidaskClub lowered shares of Pool from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Pool from a “hold” rating to a “buy” rating and set a $161.00 price target for the company in a research report on Thursday. Stephens set a $160.00 price target on shares of Pool and gave the stock a “hold” rating in a research report on Thursday, February 15th. Finally, Robert W. Baird restated a “buy” rating and set a $158.00 price target on shares of Pool in a research report on Friday, February 16th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $147.60.
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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