Algert Global LLC Has $915,000 Stake in Pool Co. (NASDAQ:POOL)

Algert Global LLC lessened its holdings in Pool Co. (NASDAQ:POOL) by 57.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,996 shares of the specialty retailer’s stock after selling 2,686 shares during the quarter. Algert Global LLC’s holdings in Pool were worth $915,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of POOL. California Public Employees Retirement System raised its stake in Pool by 207.9% during the second quarter. California Public Employees Retirement System now owns 280,923 shares of the specialty retailer’s stock worth $128,848,000 after acquiring an additional 189,690 shares in the last quarter. Millennium Management LLC boosted its holdings in Pool by 170.5% in the first quarter. Millennium Management LLC now owns 254,240 shares of the specialty retailer’s stock valued at $87,774,000 after acquiring an additional 160,237 shares during the last quarter. Capital International Investors bought a new stake in Pool in the first quarter valued at approximately $54,168,000. FMR LLC boosted its holdings in shares of Pool by 92.4% during the 2nd quarter. FMR LLC now owns 247,218 shares of the specialty retailer’s stock worth $113,389,000 after buying an additional 118,755 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Pool by 73.8% during the 2nd quarter. Lord Abbett & CO. LLC now owns 176,800 shares of the specialty retailer’s stock worth $81,091,000 after buying an additional 75,100 shares in the last quarter. 90.90% of the stock is owned by institutional investors and hedge funds.

Pool stock traded up $5.01 during mid-day trading on Thursday, hitting $445.38. The company had a trading volume of 1,928 shares, compared to its average volume of 283,962. Pool Co. has a 12 month low of $305.47 and a 12 month high of $500.85. The stock’s 50 day moving average price is $471.72 and its two-hundred day moving average price is $444.91. The company has a current ratio of 2.23, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $17.86 billion, a PE ratio of 34.06 and a beta of 0.77.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 22nd. The specialty retailer reported $6.37 EPS for the quarter, beating analysts’ consensus estimates of $5.37 by $1.00. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Pool had a return on equity of 76.48% and a net margin of 11.12%. Pool’s revenue for the quarter was up 39.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.72 earnings per share. Equities research analysts anticipate that Pool Co. will post 14.14 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 26th. Shareholders of record on Thursday, August 12th were issued a dividend of $0.80 per share. The ex-dividend date was Wednesday, August 11th. This represents a $3.20 annualized dividend and a yield of 0.72%. Pool’s payout ratio is currently 38.00%.

In other Pool news, General Counsel Jennifer M. Neil sold 3,000 shares of Pool stock in a transaction dated Tuesday, July 27th. The stock was sold at an average price of $470.00, for a total transaction of $1,410,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Romain Kenneth G. St sold 9,982 shares of Pool stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $475.12, for a total value of $4,742,647.84. Following the transaction, the vice president now owns 74,278 shares of the company’s stock, valued at approximately $35,290,963.36. The disclosure for this sale can be found here. Insiders have sold a total of 51,680 shares of company stock worth $24,818,544 over the last 90 days. 4.00% of the stock is currently owned by company insiders.

A number of brokerages recently issued reports on POOL. Zacks Investment Research cut Pool from a “buy” rating to a “hold” rating and set a $459.00 target price on the stock. in a report on Monday, October 4th. Loop Capital raised their target price on Pool from $470.00 to $485.00 and gave the company a “hold” rating in a research report on Friday, July 23rd. Finally, Robert W. Baird increased their price target on Pool from $465.00 to $490.00 and gave the stock an “outperform” rating in a research note on Friday, July 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Pool currently has an average rating of “Hold” and a consensus target price of $479.83.

Pool Company Profile

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also offers non-discretionary pool maintenance products such as chemicals and replacement parts; discretionary products like packaged pool kits, whole goods, irrigation, and landscape products, including a complete line of commercial and residential irrigation products and parts, power equipment for the professional landscape market; specialty products such as outdoor lighting, grills, and outdoor kitchen components; and golf irrigation and water management products.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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