De La Mesa Manuel J. Perez Sells 50,400 Shares of Pool Co. (POOL) Stock

Pool Co. (NASDAQ:POOL) Vice Chairman De La Mesa Manuel J. Perez sold 50,400 shares of the company’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $160.51, for a total value of $8,089,704.00. Following the completion of the sale, the insider now owns 69,041 shares of the company’s stock, valued at $11,081,770.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

POOL opened at $159.22 on Friday. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.79 and a current ratio of 2.99. Pool Co. has a one year low of $135.76 and a one year high of $175.87. The company has a market capitalization of $6.41 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 1.09 and a beta of 0.92.

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Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, February 14th. The specialty retailer reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). Pool had a return on equity of 80.86% and a net margin of 7.82%. The firm had revenue of $543.00 million for the quarter, compared to analyst estimates of $551.58 million. During the same quarter last year, the company earned $0.50 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts anticipate that Pool Co. will post 6.18 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Wednesday, March 13th. Pool’s dividend payout ratio (DPR) is 32.03%.

A number of research analysts recently commented on the company. Zacks Investment Research upgraded Pool from a “hold” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Wednesday, December 5th. BidaskClub upgraded Pool from a “hold” rating to a “buy” rating in a report on Thursday, November 15th. Finally, ValuEngine upgraded Pool from a “hold” rating to a “buy” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $160.25.

A number of large investors have recently added to or reduced their stakes in POOL. Atlanta Capital Management Co. L L C lifted its stake in Pool by 131.3% during the third quarter. Atlanta Capital Management Co. L L C now owns 768,102 shares of the specialty retailer’s stock worth $128,181,000 after purchasing an additional 436,023 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Pool by 53.7% during the fourth quarter. Handelsbanken Fonder AB now owns 707,103 shares of the specialty retailer’s stock worth $105,111,000 after purchasing an additional 247,103 shares in the last quarter. Artemis Investment Management LLP lifted its stake in Pool by 317.8% during the third quarter. Artemis Investment Management LLP now owns 240,628 shares of the specialty retailer’s stock worth $40,168,000 after purchasing an additional 183,034 shares in the last quarter. Capital International Investors acquired a new stake in shares of Pool in the third quarter valued at $24,531,000. Finally, 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 acquiring an additional 110,457 shares in the last quarter. Institutional investors own 93.33% of the company’s stock.

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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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