O Shares Investment Advisers LLC lowered its position in Pool Co. (NASDAQ:POOL) by 10.5% during the first quarter, HoldingsChannel reports. The firm owned 3,250 shares of the specialty retailer’s stock after selling 382 shares during the quarter. O Shares Investment Advisers LLC’s holdings in Pool were worth $536,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of POOL. Enlightenment Research LLC acquired a new stake in shares of Pool in the fourth quarter worth about $30,000. Rockefeller Capital Management L.P. acquired a new stake in shares of Pool in the first quarter worth about $53,000. Executive Wealth Management LLC acquired a new stake in shares of Pool in the fourth quarter worth about $51,000. Riverview Trust Co acquired a new stake in shares of Pool in the fourth quarter worth about $57,000. Finally, Advisors Preferred LLC acquired a new stake in shares of Pool in the first quarter worth about $77,000. Hedge funds and other institutional investors own 94.59% of the company’s stock.
In other Pool news, VP Hart Melanie Housey sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $185.20, for a total value of $296,320.00. Following the completion of the transaction, the vice president now owns 11,884 shares of the company’s stock, valued at approximately $2,200,916.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Romain Kenneth G. St sold 27,105 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $158.06, for a total value of $4,284,216.30. Following the completion of the transaction, the insider now directly owns 97,505 shares of the company’s stock, valued at approximately $15,411,640.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 213,612 shares of company stock valued at $37,530,142. Insiders own 6.00% of the company’s stock.
Shares of NASDAQ POOL traded down $0.16 during trading hours on Wednesday, hitting $185.67. 1,091 shares of the company’s stock were exchanged, compared to its average volume of 218,470. Pool Co. has a 1-year low of $136.83 and a 1-year high of $190.93. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.60 and a current ratio of 1.96. The stock has a market capitalization of $7.53 billion, a PE ratio of 33.04, a P/E/G ratio of 1.33 and a beta of 0.93.
Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, April 18th. The specialty retailer reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.05). The business had revenue of $597.50 million for the quarter, compared to analyst estimates of $608.36 million. Pool had a return on equity of 79.99% and a net margin of 7.83%. Pool’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. As a group, equities research analysts forecast that Pool Co. will post 6.07 EPS for the current fiscal year.
Pool announced that its board has authorized a stock repurchase plan on Thursday, May 2nd that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $0.55 dividend. This is a boost from Pool’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, May 16th. This represents a $2.20 annualized dividend and a yield of 1.18%. Pool’s dividend payout ratio is 39.15%.
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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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