Aubrey Capital Management Ltd Invests $3.77 Million in Pool Co. (NASDAQ:POOL)

Aubrey Capital Management Ltd bought a new position in shares of Pool Co. (NASDAQ:POOL) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 18,700 shares of the specialty retailer’s stock, valued at approximately $3,772,000. Pool accounts for approximately 2.3% of Aubrey Capital Management Ltd’s holdings, making the stock its 20th biggest position.

Several other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Pool by 3.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,872,864 shares of the specialty retailer’s stock worth $357,717,000 after buying an additional 56,797 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Pool by 5.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,670,558 shares of the specialty retailer’s stock worth $319,080,000 after buying an additional 83,807 shares during the period. Invesco Ltd. raised its stake in shares of Pool by 88.8% during the 2nd quarter. Invesco Ltd. now owns 1,527,657 shares of the specialty retailer’s stock worth $291,783,000 after buying an additional 718,312 shares during the period. Wasatch Advisors Inc. raised its stake in shares of Pool by 2.9% during the 2nd quarter. Wasatch Advisors Inc. now owns 733,681 shares of the specialty retailer’s stock worth $140,133,000 after buying an additional 20,908 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Pool by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 559,903 shares of the specialty retailer’s stock worth $106,941,000 after buying an additional 8,619 shares during the period. 94.40% of the stock is owned by institutional investors and hedge funds.

Shares of POOL opened at $202.31 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.98 and a current ratio of 2.68. Pool Co. has a one year low of $137.02 and a one year high of $228.19. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 1.51 and a beta of 0.87. The stock has a 50 day moving average price of $202.75 and a 200 day moving average price of $192.03.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 17th. The specialty retailer reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.17. Pool had a return on equity of 82.52% and a net margin of 8.24%. The firm had revenue of $898.50 million during the quarter, compared to analysts’ expectations of $883.54 million. During the same period in the previous year, the business earned $1.66 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts predict that Pool Co. will post 5.84 earnings per share for the current year.

The company also recently declared a dividend, which will be paid on Wednesday, November 27th. Investors of record on Thursday, November 14th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s payout ratio is 39.15%.

Several research analysts have recently weighed in on the company. Stephens upped their target price on Pool from $187.00 to $196.00 and gave the stock an “equal weight” rating in a research note on Monday, September 23rd. Sidoti downgraded Pool from a “buy” rating to a “neutral” rating and set a $215.00 target price for the company. in a research note on Friday, August 23rd. ValuEngine downgraded Pool from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Robert W. Baird upped their target price on Pool from $192.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, BidaskClub raised Pool from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $217.25.

In related news, CFO Mark W. Joslin sold 1,429 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $200.00, for a total transaction of $285,800.00. Following the completion of the sale, the chief financial officer now directly owns 140,356 shares in the company, valued at $28,071,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman De La Mesa Manuel J. Perez sold 6,874 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $198.17, for a total value of $1,362,220.58. Following the sale, the insider now owns 66,576 shares of the company’s stock, valued at $13,193,365.92. The disclosure for this sale can be found here. Insiders have sold 25,710 shares of company stock valued at $5,342,533 over the last quarter. 6.00% of the stock is owned by company insiders.

Pool Profile

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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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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