Deutsche Bank AG Lowers Holdings in Pool Co. (POOL)
Deutsche Bank AG cut its position in Pool Co. (NASDAQ:POOL) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,223 shares of the specialty retailer’s stock after selling 1,283 shares during the quarter. Deutsche Bank AG owned about 0.15% of Pool worth $8,503,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of Pool by 81.2% in the fourth quarter. Bessemer Group Inc. now owns 520 shares of the specialty retailer’s stock valued at $77,000 after buying an additional 233 shares during the period. King Luther Capital Management Corp raised its stake in shares of Pool by 79.2% in the fourth quarter. King Luther Capital Management Corp now owns 13,405 shares of the specialty retailer’s stock valued at $1,993,000 after buying an additional 5,925 shares during the period. Morgan Stanley raised its stake in shares of Pool by 175.9% in the third quarter. Morgan Stanley now owns 173,252 shares of the specialty retailer’s stock valued at $28,913,000 after buying an additional 110,457 shares during the period. Atlanta Capital Management Co. L L C raised its stake in shares of Pool by 18.8% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 912,826 shares of the specialty retailer’s stock valued at $135,692,000 after buying an additional 144,724 shares during the period. Finally, Aptus Capital Advisors LLC bought a new stake in shares of Pool in the fourth quarter valued at $311,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.
In related news, insider Romain Kenneth G. St sold 23,068 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $158.39, for a total transaction of $3,653,740.52. Following the completion of the transaction, the insider now directly owns 105,068 shares in the company, valued at $16,641,720.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman De La Mesa Manuel J. Perez sold 50,400 shares of the business’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $160.51, for a total value of $8,089,704.00. Following the transaction, the insider now owns 69,041 shares of the company’s stock, valued at $11,081,770.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,461 shares of company stock worth $23,689,565. 6.00% of the stock is currently owned by corporate insiders.
Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, April 18th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.05). Pool had a net margin of 7.82% and a return on equity of 80.86%. The company had revenue of $597.50 million for the quarter, compared to the consensus estimate of $608.36 million. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts forecast that Pool Co. will post 6.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.45 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.01%. Pool’s payout ratio is 32.03%.
A number of analysts recently issued reports on POOL shares. BidaskClub lowered Pool from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. Zacks Investment Research upgraded Pool from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a research note on Tuesday. ValuEngine lowered Pool from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Robert W. Baird upgraded Pool from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $160.00 to $177.00 in a research note on Friday, February 22nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $167.50.
Pool Company Profile
Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.
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