Pool Co. (NASDAQ:POOL) Shares Sold by Chicago Equity Partners LLC

Chicago Equity Partners LLC cut its stake in shares of Pool Co. (NASDAQ:POOL) by 48.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,900 shares of the specialty retailer’s stock after selling 2,765 shares during the quarter. Chicago Equity Partners LLC’s holdings in Pool were worth $585,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CX Institutional lifted its holdings in Pool by 45.5% in the third quarter. CX Institutional now owns 176 shares of the specialty retailer’s stock valued at $35,000 after acquiring an additional 55 shares during the period. Huntington National Bank lifted its holdings in Pool by 13.0% in the second quarter. Huntington National Bank now owns 521 shares of the specialty retailer’s stock valued at $100,000 after acquiring an additional 60 shares during the period. M&T Bank Corp lifted its holdings in Pool by 2.3% in the second quarter. M&T Bank Corp now owns 3,529 shares of the specialty retailer’s stock valued at $673,000 after acquiring an additional 79 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in Pool by 1.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,280 shares of the specialty retailer’s stock valued at $1,390,000 after acquiring an additional 80 shares during the period. Finally, NewSquare Capital LLC lifted its holdings in Pool by 37.8% in the third quarter. NewSquare Capital LLC now owns 310 shares of the specialty retailer’s stock valued at $63,000 after acquiring an additional 85 shares during the period. 94.40% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have commented on POOL. Robert W. Baird raised their target price on Pool from $192.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Stephens raised their target price on Pool from $187.00 to $196.00 and gave the company an “equal weight” rating in a report on Monday, September 23rd. BidaskClub raised Pool from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. ValuEngine downgraded Pool from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded Pool from a “buy” rating to a “hold” rating and set a $228.00 target price for the company. in a report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $217.25.

NASDAQ:POOL opened at $202.31 on Thursday. The company has a market capitalization of $8.30 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 1.51 and a beta of 0.87. The company has a quick ratio of 0.98, a current ratio of 2.68 and a debt-to-equity ratio of 1.62. Pool Co. has a 52-week low of $137.02 and a 52-week high of $228.19. The stock has a fifty day simple moving average of $202.75 and a 200-day simple moving average of $192.03.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, October 17th. The specialty retailer reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.17. The business had revenue of $898.50 million during the quarter, compared to the consensus estimate of $883.54 million. Pool had a return on equity of 82.52% and a net margin of 8.24%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 EPS. As a group, equities analysts anticipate 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. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, November 13th. Pool’s dividend payout ratio (DPR) is presently 39.15%.

In other news, Vice Chairman De La Mesa Manuel J. Perez sold 6,874 shares of Pool stock in a transaction on Monday, August 19th. The stock was sold at an average price of $198.17, for a total transaction of $1,362,220.58. Following the completion of the transaction, the insider now owns 66,576 shares of the company’s stock, valued at approximately $13,193,365.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $215.12, for a total value of $2,151,200.00. Following the transaction, the insider now directly owns 69,738 shares of the company’s stock, valued at approximately $15,002,038.56. The disclosure for this sale can be found here. Insiders have sold a total of 25,710 shares of company stock valued at $5,342,533 in the last ninety days. Corporate insiders own 6.00% of the company’s stock.

About Pool

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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