OLD Mission Capital LLC Takes $231,000 Position in Pool Co. (POOL)

OLD Mission Capital LLC acquired a new stake in Pool Co. (NASDAQ:POOL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,555 shares of the specialty retailer’s stock, valued at approximately $231,000.

A number of other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in Pool by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,183,091 shares of the specialty retailer’s stock worth $364,314,000 after buying an additional 76,594 shares in the last quarter. MML Investors Services LLC grew its stake in shares of Pool by 29.6% during the 3rd quarter. MML Investors Services LLC now owns 3,993 shares of the specialty retailer’s stock valued at $666,000 after purchasing an additional 912 shares during the period. Commonwealth Bank of Australia bought a new stake in shares of Pool during the 3rd quarter valued at about $267,000. Piedmont Investment Advisors Inc. bought a new stake in shares of Pool during the 3rd quarter valued at about $475,000. Finally, Martingale Asset Management L P bought a new stake in shares of Pool during the 3rd quarter valued at about $1,470,000. 95.69% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Pool from a “hold” rating to a “buy” rating and set a $164.00 price target for the company in a research note on Tuesday, December 18th. Robert W. Baird upgraded Pool from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $160.00 to $177.00 in a research note on Friday, February 22nd. BidaskClub upgraded Pool from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Finally, ValuEngine downgraded Pool from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $160.25.

In related news, Vice Chairman De La Mesa Manuel J. Perez sold 26,340 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $160.19, for a total value of $4,219,404.60. Following the transaction, the insider now directly owns 75,381 shares of the company’s stock, valued at approximately $12,075,282.39. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman De La Mesa Manuel J. Perez sold 2,851 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $161.02, for a total value of $459,068.02. Following the completion of the transaction, the insider now directly owns 66,202 shares in the company, valued at $10,659,846.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 148,461 shares of company stock worth $23,689,565. 6.00% of the stock is owned by insiders.

Shares of POOL stock traded up $2.33 during trading hours on Monday, reaching $170.42. 178,729 shares of the company traded hands, compared to its average volume of 227,638. Pool Co. has a 12-month low of $135.76 and a 12-month high of $175.87. The company has a quick ratio of 0.79, a current ratio of 2.99 and a debt-to-equity ratio of 2.94. The stock has a market cap of $6.50 billion, a P/E ratio of 30.32, a PEG ratio of 1.13 and a beta of 0.92.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, February 14th. The specialty retailer reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.03). Pool had a net margin of 7.82% and a return on equity of 80.86%. The company had revenue of $543.00 million for the quarter, compared to analysts’ expectations of $551.58 million. During the same period in the previous year, the firm earned $0.50 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts expect that Pool Co. will post 6.19 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.80 dividend on an annualized basis and a yield of 1.06%. Pool’s dividend payout ratio is presently 32.03%.

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About Pool

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.

Further Reading: How are institutional investors different from individual investors?

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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