Qube Research & Technologies Ltd acquired a new position in shares of Pool Co. (NASDAQ:POOL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,563 shares of the specialty retailer’s stock, valued at approximately $299,000.

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of Pool by 5.9% during the 1st quarter. BlackRock Inc. now owns 3,745,431 shares of the specialty retailer’s stock worth $617,884,000 after buying an additional 209,876 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Pool by 0.7% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,586,751 shares of the specialty retailer’s stock worth $261,768,000 after purchasing an additional 10,798 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in Pool by 9.5% in the 1st quarter. Eagle Asset Management Inc. now owns 1,117,071 shares of the specialty retailer’s stock worth $184,283,000 after purchasing an additional 96,890 shares in the last quarter. Carillon Tower Advisers Inc. increased its holdings in Pool by 11.2% in the 1st quarter. Carillon Tower Advisers Inc. now owns 735,229 shares of the specialty retailer’s stock worth $121,290,000 after purchasing an additional 73,807 shares in the last quarter. Finally, Wasatch Advisors Inc. increased its holdings in Pool by 11.4% in the 1st quarter. Wasatch Advisors Inc. now owns 712,773 shares of the specialty retailer’s stock worth $117,586,000 after purchasing an additional 72,684 shares in the last quarter. Institutional investors and hedge funds own 93.85% of the company’s stock.

In related news, Vice Chairman De La Mesa Manuel J. Perez sold 4,443 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $192.63, for a total transaction of $855,855.09. Following the completion of the sale, the insider now owns 64,145 shares of the company’s stock, valued at $12,356,251.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter D. Arvan bought 300 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $187.93 per share, with a total value of $56,379.00. Following the purchase, the chief executive officer now directly owns 38,733 shares of the company’s stock, valued at $7,279,092.69. The disclosure for this purchase can be found here. In the last three months, insiders sold 48,958 shares of company stock valued at $9,559,485. Insiders own 6.00% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research raised Pool from a “sell” rating to a “hold” rating and set a $209.00 target price for the company in a report on Monday, August 12th. BidaskClub raised Pool from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Stephens set a $186.00 target price on Pool and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Finally, Robert W. Baird set a $192.00 target price on Pool and gave the stock a “buy” rating in a report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Pool has an average rating of “Buy” and a consensus price target of $183.00.

Shares of POOL stock traded up $2.54 on Wednesday, hitting $199.64. The company had a trading volume of 2,830 shares, compared to its average volume of 201,167. The firm has a market cap of $7.78 billion, a P/E ratio of 35.48, a P/E/G ratio of 1.43 and a beta of 0.91. The stock’s 50-day moving average is $191.23 and its two-hundred day moving average is $176.61. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.97 and a current ratio of 2.35. Pool Co. has a twelve month low of $136.83 and a twelve month high of $200.00.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 18th. The specialty retailer reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.01. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Pool had a return on equity of 82.89% and a net margin of 8.14%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.80 earnings per share. Equities research analysts predict that Pool Co. will post 5.81 EPS for the current year.

Pool announced that its board has approved a stock repurchase program on Thursday, May 2nd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the specialty retailer to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.10%. Pool’s payout ratio is 39.15%.

Pool Company 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.

See Also: What is a CD ladder?

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.