Nordea Investment Management AB grew its position in shares of Pool Corporation (NASDAQ:POOL) by 34.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,850 shares of the specialty retailer’s stock after buying an additional 5,294 shares during the period. Nordea Investment Management AB owned approximately 0.05% of Pool worth $2,255,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Torray LLC acquired a new stake in shares of Pool during the 3rd quarter worth $536,000. TimesSquare Capital Management LLC grew its holdings in shares of Pool by 10.8% during the 3rd quarter. TimesSquare Capital Management LLC now owns 639,300 shares of the specialty retailer’s stock worth $69,153,000 after purchasing an additional 62,500 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Pool by 27.7% during the 3rd quarter. D.A. Davidson & CO. now owns 2,630 shares of the specialty retailer’s stock worth $284,000 after purchasing an additional 571 shares in the last quarter. Friedberg Investment Management acquired a new stake in shares of Pool during the 3rd quarter worth $1,197,000. Finally, Rothschild Asset Management Inc. grew its holdings in shares of Pool by 11.2% during the 3rd quarter. Rothschild Asset Management Inc. now owns 112,987 shares of the specialty retailer’s stock worth $12,222,000 after purchasing an additional 11,421 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Shares of Pool Corporation (NASDAQ POOL) opened at $126.23 on Thursday. The firm has a market capitalization of $5,217.27, a PE ratio of 33.91 and a beta of 0.96. The company has a debt-to-equity ratio of 2.64, a current ratio of 2.61 and a quick ratio of 1.03. Pool Corporation has a 12 month low of $97.25 and a 12 month high of $130.92.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.02. The business had revenue of $743.40 million for the quarter. Pool had a return on equity of 69.28% and a net margin of 6.19%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $1.03 earnings per share. equities analysts predict that Pool Corporation will post 4.07 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, November 14th. Pool’s dividend payout ratio (DPR) is presently 37.47%.

POOL has been the topic of several analyst reports. BidaskClub raised Pool from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Robert W. Baird increased their target price on Pool from $125.00 to $131.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Finally, Sidoti raised Pool from a “neutral” rating to a “buy” rating and increased their target price for the stock from $119.00 to $131.00 in a report on Friday, September 15th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $127.25.

In other Pool news, Director Harlan F. Seymour sold 15,502 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $118.87, for a total value of $1,842,722.74. Following the completion of the transaction, the director now directly owns 15,995 shares in the company, valued at $1,901,325.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $120.73, for a total value of $5,750,128.44. Following the completion of the transaction, the chief executive officer now owns 61,708 shares of the company’s stock, valued at $7,450,006.84. The disclosure for this sale can be found here. Company insiders own 7.00% of the company’s stock.

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About Pool

Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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