Mitsubishi UFJ Asset Management UK Ltd. trimmed its stake in shares of Pool Co. (NASDAQ:POOL) by 37.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the specialty retailer’s stock after selling 3,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Pool were worth $955,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in POOL. Oregon Public Employees Retirement Fund boosted its position in shares of Pool by 0.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 16,243 shares of the specialty retailer’s stock valued at $3,102,000 after acquiring an additional 125 shares during the period. Great Lakes Advisors LLC lifted its position in Pool by 4.5% during the first quarter. Great Lakes Advisors LLC now owns 3,801 shares of the specialty retailer’s stock worth $628,000 after purchasing an additional 163 shares during the period. Sepio Capital LLC lifted its position in Pool by 8.9% during the first quarter. Sepio Capital LLC now owns 2,014 shares of the specialty retailer’s stock worth $332,000 after purchasing an additional 165 shares during the period. Commerce Bank lifted its position in Pool by 5.2% during the first quarter. Commerce Bank now owns 3,406 shares of the specialty retailer’s stock worth $562,000 after purchasing an additional 167 shares during the period. Finally, First Republic Investment Management Inc. lifted its position in Pool by 4.0% during the first quarter. First Republic Investment Management Inc. now owns 5,039 shares of the specialty retailer’s stock worth $831,000 after purchasing an additional 194 shares during the period. 95.24% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on the company. Zacks Investment Research downgraded GenMark Diagnostics from a “hold” rating to a “sell” rating in a research note on Wednesday, April 24th. Stephens reissued a “buy” rating and set a $34.00 target price on shares of Guaranty Bancshares in a research note on Tuesday, April 23rd. BidaskClub raised Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Finally, Robert W. Baird set a $196.00 target price on Visa and gave the stock a “buy” rating in a research note on Friday, July 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $178.50.
In other Pool news, VP Hart Melanie Housey sold 1,600 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $185.20, for a total transaction of $296,320.00. Following the transaction, the vice president now directly owns 11,884 shares in the company, valued at approximately $2,200,916.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman De La Mesa Manuel J. Perez sold 2,500 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $186.00, for a total value of $465,000.00. Following the transaction, the insider now owns 62,202 shares in the company, valued at $11,569,572. The disclosure for this sale can be found here. Insiders have sold a total of 124,800 shares of company stock valued at $22,998,319 in the last three months. Insiders own 6.00% of the company’s stock.
Shares of Pool stock traded up $2.70 on Friday, hitting $192.64. The stock had a trading volume of 12,396 shares, compared to its average volume of 259,115. The company has a 50 day moving average of $188.43. Pool Co. has a twelve month low of $136.83 and a twelve month high of $196.00. The company has a quick ratio of 0.97, a current ratio of 2.35 and a debt-to-equity ratio of 2.30. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 34.31, a P/E/G ratio of 1.36 and a beta of 0.92.
Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, July 18th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.21 by $0.01. Pool had a return on equity of 82.89% and a net margin of 8.14%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the firm posted $2.80 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that Pool Co. will post 5.88 earnings per share for the current year.
Pool declared that its board has initiated a share repurchase program on Thursday, May 2nd that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 2.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
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.
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