Pool Co. (NASDAQ:POOL) Shares Bought by Veriti Management LLC


Veriti Management LLC grew its holdings in shares of Pool Co. (NASDAQ:POOL – Get Rating) by 36.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 809 shares of the specialty retailer’s stock after acquiring an additional 214 shares during the period. Veriti Management LLC’s holdings in Pool were worth $342,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Pool in the fourth quarter worth about $200,159,000. Findlay Park Partners LLP grew its stake in Pool by 83.8% in the fourth quarter. Findlay Park Partners LLP now owns 454,058 shares of the specialty retailer’s stock worth $256,997,000 after purchasing an additional 207,072 shares in the last quarter. Invesco Ltd. grew its stake in Pool by 25.7% in the fourth quarter. Invesco Ltd. now owns 776,139 shares of the specialty retailer’s stock worth $439,296,000 after purchasing an additional 158,573 shares in the last quarter. Pictet Asset Management SA grew its stake in Pool by 13.5% in the fourth quarter. Pictet Asset Management SA now owns 621,669 shares of the specialty retailer’s stock worth $351,865,000 after purchasing an additional 74,013 shares in the last quarter. Finally, State Street Corp grew its stake in Pool by 4.1% in the fourth quarter. State Street Corp now owns 1,713,981 shares of the specialty retailer’s stock worth $970,113,000 after purchasing an additional 68,052 shares in the last quarter. Institutional investors own 91.88% of the company’s stock.

In other news, CEO Peter D. Arvan bought 500 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The shares were purchased at an average price of $387.08 per share, with a total value of $193,540.00. Following the completion of the acquisition, the chief executive officer now directly owns 61,825 shares in the company, valued at $23,931,221. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martha S. Gervasi bought 300 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The shares were purchased at an average cost of $391.86 per share, for a total transaction of $117,558.00. Following the acquisition, the director now owns 808 shares of the company’s stock, valued at $316,622.88. The disclosure for this purchase can be found here. Insiders own 3.00% of the company’s stock.

A number of research firms recently commented on POOL. Robert W. Baird decreased their price target on Pool from $600.00 to $550.00 in a research note on Friday, April 22nd. Loop Capital decreased their price target on Pool from $465.00 to $370.00 and set a “hold” rating for the company in a research note on Thursday. Edward Jones assumed coverage on shares of Pool in a report on Tuesday, April 12th. They issued a “hold” rating on the stock. Jefferies Financial Group cut their target price on shares of Pool from $485.00 to $400.00 in a report on Tuesday, June 14th. Finally, The Goldman Sachs Group cut their target price on shares of Pool from $560.00 to $450.00 and set a “buy” rating on the stock in a report on Thursday. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $496.00.

POOL opened at $356.94 on Friday. The business’s 50-day moving average is $393.88 and its 200-day moving average is $448.62. The stock has a market cap of $14.30 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.91 and a beta of 0.88. The company has a current ratio of 2.50, a quick ratio of 0.79 and a debt-to-equity ratio of 1.26. Pool Co. has a twelve month low of $324.14 and a twelve month high of $582.27.

Pool (NASDAQ:POOL – Get Rating) last released its quarterly earnings results on Thursday, April 21st. The specialty retailer reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.06 by $1.35. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Pool had a return on equity of 69.76% and a net margin of 12.95%. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.42 earnings per share. As a group, analysts forecast that Pool Co. will post 18.5 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 27th. Stockholders of record on Monday, May 16th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Friday, May 13th. This is a boost from Pool’s previous quarterly dividend of $0.80. Pool’s payout ratio is 22.26%.

Pool Company Profile (Get Rating)

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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.

See Also

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)



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