Aperio Group LLC Purchases 1,873 Shares of Pool Corporation (POOL)
Aperio Group LLC boosted its position in shares of Pool Corporation (NASDAQ:POOL) by 14.7% during the second quarter, Holdings Channel reports. The firm owned 14,656 shares of the specialty retailer’s stock after buying an additional 1,873 shares during the period. Aperio Group LLC’s holdings in Pool Corporation were worth $1,723,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Quadrant L P CA increased its position in shares of Pool Corporation by 48.6% in the first quarter. First Quadrant L P CA now owns 219,833 shares of the specialty retailer’s stock worth $26,233,000 after buying an additional 71,858 shares during the period. Acadian Asset Management LLC increased its position in shares of Pool Corporation by 900.7% in the first quarter. Acadian Asset Management LLC now owns 4,213 shares of the specialty retailer’s stock worth $502,000 after buying an additional 3,792 shares during the period. Profund Advisors LLC increased its position in shares of Pool Corporation by 3.3% in the first quarter. Profund Advisors LLC now owns 5,668 shares of the specialty retailer’s stock worth $676,000 after buying an additional 182 shares during the period. Fisher Asset Management LLC increased its position in shares of Pool Corporation by 2.1% in the first quarter. Fisher Asset Management LLC now owns 704,481 shares of the specialty retailer’s stock worth $84,066,000 after buying an additional 14,550 shares during the period. Finally, Nationwide Fund Advisors increased its position in shares of Pool Corporation by 5.1% in the first quarter. Nationwide Fund Advisors now owns 377,725 shares of the specialty retailer’s stock worth $45,074,000 after buying an additional 18,197 shares during the period. Hedge funds and other institutional investors own 92.59% of the company’s stock.
Pool Corporation (NASDAQ POOL) traded down 0.59% during mid-day trading on Thursday, hitting $106.98. The stock had a trading volume of 64,253 shares. The company has a market capitalization of $4.41 billion, a P/E ratio of 27.81 and a beta of 0.91. The stock’s 50-day moving average is $114.43 and its 200 day moving average is $116.51. Pool Corporation has a 52 week low of $88.65 and a 52 week high of $124.26.
Pool Corporation (NASDAQ:POOL) last released its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by $0.03. Pool Corporation had a net margin of 6.15% and a return on equity of 63.34%. The firm had revenue of $988.16 million during the quarter. During the same quarter last year, the company earned $1.98 earnings per share. Pool Corporation’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts forecast that Pool Corporation will post $4.21 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, August 7th. Pool Corporation’s payout ratio is 38.74%.
Pool Corporation declared that its Board of Directors has authorized a stock buyback plan on Wednesday, May 3rd that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the specialty retailer to buy up to 3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
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A number of research analysts have commented on the company. BidaskClub upgraded Pool Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Zacks Investment Research upgraded Pool Corporation from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a research note on Friday, June 16th. Finally, Johnson Rice upgraded Pool Corporation from an “accumulate” rating to a “buy” rating in a research note on Monday, July 24th. Five equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $125.67.
Pool Corporation Company Profile
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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