Copeland Capital Management LLC decreased its stake in shares of Pool Co. (NASDAQ:POOL) by 15.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 208,908 shares of the specialty retailer’s stock after selling 39,540 shares during the period. Pool accounts for 2.2% of Copeland Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Copeland Capital Management LLC owned about 0.52% of Pool worth $42,137,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Homrich & Berg purchased a new stake in Pool during the 3rd quarter worth about $207,000. BBVA USA Bancshares Inc. purchased a new stake in shares of Pool in the 3rd quarter valued at about $644,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Pool by 9.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 278,306 shares of the specialty retailer’s stock valued at $56,135,000 after acquiring an additional 22,890 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in shares of Pool by 11.5% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 6,089 shares of the specialty retailer’s stock valued at $1,228,000 after acquiring an additional 626 shares in the last quarter. Finally, GW&K Investment Management LLC raised its holdings in shares of Pool by 18.3% in the 3rd quarter. GW&K Investment Management LLC now owns 169,429 shares of the specialty retailer’s stock valued at $34,174,000 after acquiring an additional 26,258 shares in the last quarter. 92.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ POOL traded up $1.54 during trading hours on Wednesday, reaching $206.32. 254,116 shares of the stock traded hands, compared to its average volume of 221,995. The company has a market capitalization of $8.27 billion, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 1.50 and a beta of 0.86. The company has a quick ratio of 0.98, a current ratio of 2.68 and a debt-to-equity ratio of 1.62. Pool Co. has a 52-week low of $137.02 and a 52-week high of $228.19. The company’s 50-day simple moving average is $206.49 and its two-hundred day simple moving average is $195.41.
Pool (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, October 17th. The specialty retailer reported $1.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.17. The company had revenue of $898.50 million for the quarter, compared to analysts’ expectations of $883.54 million. Pool had a return on equity of 82.52% and a net margin of 8.24%. Pool’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $1.66 EPS. As a group, sell-side analysts forecast that Pool Co. will post 5.84 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were issued a dividend of $0.55 per share. The ex-dividend date was Wednesday, November 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.07%. Pool’s dividend payout ratio is 39.15%.
In related news, Vice Chairman De La Mesa Manuel J. Perez sold 15,274 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $211.53, for a total transaction of $3,230,909.22. Following the transaction, the insider now directly owns 63,038 shares in the company, valued at approximately $13,334,428.14. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Mark W. Joslin sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $214.84, for a total value of $1,074,200.00. Following the transaction, the chief financial officer now owns 120,920 shares in the company, valued at $25,978,452.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,274 shares of company stock worth $6,456,309. 6.00% of the stock is currently owned by insiders.
Several research firms have weighed in on POOL. BidaskClub raised Pool from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. ValuEngine cut Pool from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Stephens raised their price target on Pool from $187.00 to $196.00 and gave the company an “equal weight” rating in a report on Monday, September 23rd. Robert W. Baird raised their price target on Pool from $192.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Zacks Investment Research cut Pool from a “buy” rating to a “hold” rating and set a $228.00 price target on the stock. in a report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Pool has a consensus rating of “Hold” and a consensus price target of $217.25.
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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