Hennessy Advisors Inc. Decreases Stake in Pool Corp. (POOL)
Hennessy Advisors Inc. reduced its stake in Pool Corp. (NASDAQ:POOL) by 12.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 395,000 shares of the company’s stock after selling 56,300 shares during the period. Pool Corp. makes up about 1.1% of Hennessy Advisors Inc.’s holdings, making the stock its 22nd largest position. Hennessy Advisors Inc. owned 0.94% of Pool Corp. worth $37,335,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. BlackRock Institutional Trust Company N.A. raised its stake in Pool Corp. by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,241,531 shares of the company’s stock worth $116,741,000 after buying an additional 13,907 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Pool Corp. by 1.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 749,280 shares of the company’s stock worth $70,454,000 after buying an additional 12,119 shares during the last quarter. Eagle Asset Management Inc. raised its stake in Pool Corp. by 12.1% in the third quarter. Eagle Asset Management Inc. now owns 742,495 shares of the company’s stock worth $70,180,000 after buying an additional 80,153 shares during the last quarter. Fisher Asset Management LLC raised its stake in Pool Corp. by 1.8% in the third quarter. Fisher Asset Management LLC now owns 653,079 shares of the company’s stock worth $61,729,000 after buying an additional 11,660 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C raised its stake in Pool Corp. by 2.3% in the second quarter. Atlanta Capital Management Co. L L C now owns 417,149 shares of the company’s stock worth $39,225,000 after buying an additional 9,351 shares during the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.
Pool Corp. (NASDAQ:POOL) traded down 0.54% during mid-day trading on Monday, reaching $101.38. 98,557 shares of the company traded hands. The stock’s 50 day moving average price is $95.07 and its 200 day moving average price is $95.25. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 29.47 and a beta of 0.90. Pool Corp. has a 52 week low of $72.40 and a 52 week high of $103.55.
Pool Corp. (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, October 20th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. The business earned $691.40 million during the quarter, compared to the consensus estimate of $693.02 million. Pool Corp. had a net margin of 5.86% and a return on equity of 59.21%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. Equities analysts forecast that Pool Corp. will post $3.45 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Wednesday, November 9th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, November 7th. This represents a $1.24 annualized dividend and a dividend yield of 1.22%. Pool Corp.’s dividend payout ratio is presently 35.94%.
POOL has been the topic of a number of research reports. Wedbush initiated coverage on shares of Pool Corp. in a research note on Wednesday, August 24th. They issued an “outperform” rating and a $115.00 price objective on the stock. Zacks Investment Research lowered shares of Pool Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $97.40.
Pool Corp. Company Profile
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).
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