Pool Co. (NASDAQ:POOL) Shares Sold by Principal Financial Group Inc.

Share on StockTwits

Principal Financial Group Inc. lessened its stake in Pool Co. (NASDAQ:POOL) by 1.4% in the first quarter, HoldingsChannel reports. The firm owned 175,377 shares of the specialty retailer’s stock after selling 2,439 shares during the quarter. Principal Financial Group Inc.’s holdings in Pool were worth $28,932,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Pool by 5.9% in the 1st quarter. BlackRock Inc. now owns 3,745,431 shares of the specialty retailer’s stock valued at $617,884,000 after buying an additional 209,876 shares during the last quarter. Vanguard Group Inc grew its position in shares of Pool by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 3,392,184 shares of the specialty retailer’s stock valued at $566,088,000 after buying an additional 57,784 shares during the last quarter. Eagle Asset Management Inc. grew its position in shares of Pool by 9.5% in the 1st quarter. Eagle Asset Management Inc. now owns 1,117,071 shares of the specialty retailer’s stock valued at $184,283,000 after buying an additional 96,890 shares during the last quarter. Atlanta Capital Management Co. L L C grew its position in shares of Pool by 18.8% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 912,826 shares of the specialty retailer’s stock valued at $135,692,000 after buying an additional 144,724 shares during the last quarter. Finally, Carillon Tower Advisers Inc. grew its position in shares of Pool by 11.2% in the 1st quarter. Carillon Tower Advisers Inc. now owns 735,229 shares of the specialty retailer’s stock valued at $121,290,000 after buying an additional 73,807 shares during the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.

POOL has been the topic of a number of analyst reports. BidaskClub upgraded Pool from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 7th. Robert W. Baird upgraded Pool from a “neutral” rating to an “outperform” rating and upped their price target for the company from $160.00 to $177.00 in a research report on Friday, February 22nd. Zacks Investment Research upgraded Pool from a “hold” rating to a “buy” rating and set a $191.00 price target on the stock in a research report on Tuesday, April 16th. ValuEngine upgraded Pool from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. Finally, Stephens set a $186.00 target price on Pool and gave the company a “hold” rating in a research report on Tuesday, April 23rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $171.20.

In related news, VP Arthur D. Cook sold 10,550 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $159.38, for a total transaction of $1,681,459.00. Following the transaction, the vice president now directly owns 49,042 shares of the company’s stock, valued at approximately $7,816,313.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Hart Melanie Housey sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $185.20, for a total value of $296,320.00. Following the transaction, the vice president now directly owns 11,884 shares in the company, valued at $2,200,916.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 213,612 shares of company stock worth $37,530,142. 6.00% of the stock is owned by company insiders.

Shares of Pool stock opened at $191.02 on Friday. Pool Co. has a one year low of $136.83 and a one year high of $193.03. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.60 and a current ratio of 1.96. The stock has a market cap of $7.49 billion, a P/E ratio of 33.99, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, April 18th. The specialty retailer reported $0.59 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.05). Pool had a net margin of 7.83% and a return on equity of 79.99%. The business had revenue of $597.50 million for the quarter, compared to the consensus estimate of $608.36 million. During the same quarter in the previous year, the company earned $0.75 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts expect that Pool Co. will post 6.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were paid a dividend of $0.55 per share. This is an increase from Pool’s previous quarterly dividend of $0.45. This represents a $2.20 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, May 16th. Pool’s dividend payout ratio is 39.15%.

Pool announced that its Board of Directors has approved a stock repurchase program on Thursday, May 2nd that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the specialty retailer to purchase up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

ILLEGAL ACTIVITY WARNING: This article was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another publication, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The original version of this article can be accessed at https://www.tickerreport.com/banking-finance/4371372/pool-co-nasdaqpool-shares-sold-by-principal-financial-group-inc.html.

About Pool

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.

Featured Article: What is the float in trading stocks?

Want to see what other hedge funds are holding POOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pool Co. (NASDAQ:POOL).

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Gol Linhas Aereas Inteligentes SA  to Issue … Dividend of $0.00 on  June 28th
Gol Linhas Aereas Inteligentes SA to Issue … Dividend of $0.00 on June 28th
Enanta Pharmaceuticals Inc  Receives Average Rating of “Buy” from Brokerages
Enanta Pharmaceuticals Inc Receives Average Rating of “Buy” from Brokerages
China Unicom  Limited  Receives Average Recommendation of “Buy” from Brokerages
China Unicom Limited Receives Average Recommendation of “Buy” from Brokerages
$0.93 EPS Expected for CGI Inc  This Quarter
$0.93 EPS Expected for CGI Inc This Quarter
Flexion Therapeutics Inc  Expected to Post Earnings of -$1.06 Per Share
Flexion Therapeutics Inc Expected to Post Earnings of -$1.06 Per Share
General Dynamics Co.  Receives Consensus Rating of “Hold” from Analysts
General Dynamics Co. Receives Consensus Rating of “Hold” from Analysts


© 2006-2019 Ticker Report