Rice Hall James & Associates LLC Boosts Stake in Pool Corp. (POOL)
Rice Hall James & Associates LLC increased its position in Pool Corp. (NASDAQ:POOL) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 262,623 shares of the company’s stock after buying an additional 3,143 shares during the period. Pool Corp. accounts for about 1.4% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 7th largest position. Rice Hall James & Associates LLC owned about 0.62% of Pool Corp. worth $24,694,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of POOL. Capital Fund Management S.A. raised its stake in shares of Pool Corp. by 156.7% in the second quarter. Capital Fund Management S.A. now owns 14,503 shares of the company’s stock worth $1,364,000 after buying an additional 8,853 shares during the last quarter. GW&K Investment Management LLC raised its stake in shares of Pool Corp. by 11.3% in the second quarter. GW&K Investment Management LLC now owns 69,185 shares of the company’s stock worth $6,505,000 after buying an additional 7,009 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Pool Corp. during the second quarter worth approximately $265,000. Bank of Montreal Can bought a new stake in shares of Pool Corp. during the second quarter worth approximately $2,101,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Pool Corp. during the second quarter worth approximately $160,000. Institutional investors and hedge funds own 92.20% of the company’s stock.
Shares of Pool Corp. (NASDAQ:POOL) traded up 0.63% on Monday, hitting $95.12. 303,402 shares of the stock were exchanged. The stock’s 50-day moving average is $97.80 and its 200-day moving average is $93.28. Pool Corp. has a 1-year low of $71.10 and a 1-year high of $102.86. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 28.90 and a beta of 0.90.
Pool Corp. (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 21st. The company reported $1.98 EPS for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.05. Pool Corp. had a net margin of 5.76% and a return on equity of 57.51%. The company had revenue of $918.90 million for the quarter, compared to analyst estimates of $904.82 million. During the same period in the prior year, the firm posted $1.75 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Analysts forecast that Pool Corp. will post $3.43 earnings per share for the current year.
A number of equities research analysts recently commented on the stock. Wedbush restated an “outperform” rating on shares of Pool Corp. in a report on Monday. Zacks Investment Research lowered shares of Pool Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Johnson Rice lowered shares of Pool Corp. from a “buy” rating to an “accumulate” rating in a report on Friday, July 15th. Finally, Robert W. Baird began coverage on shares of Pool Corp. in a report on Monday, June 6th. They set an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Pool Corp. currently has a consensus rating of “Buy” and an average target price of $97.80.
In related news, CEO De La Mesa Manuel J. Perez sold 30,000 shares of the stock in a transaction on Monday, July 25th. The shares were sold at an average price of $100.70, for a total transaction of $3,021,000.00. Following the transaction, the chief executive officer now directly owns 72,511 shares of the company’s stock, valued at $7,301,857.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Hart Melanie Housey sold 2,000 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $102.31, for a total transaction of $204,620.00. Following the transaction, the insider now directly owns 9,290 shares in the company, valued at $950,459.90. The disclosure for this sale can be found here. 8.00% of the stock is currently owned by insiders.
About Pool Corp.
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is also a distributor of irrigation and landscape products in the United States. The Company operates over 340 sales centers in North America, Europe, South America and Australia through its over four distribution networks, such as SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
Receive News & Stock Ratings for Pool Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool Corp. and related stocks with our FREE daily email newsletter.