Baird Financial Group Inc. Reduces Holdings in Pool Co. (POOL)
Baird Financial Group Inc. trimmed its position in Pool Co. (NASDAQ:POOL) by 1.4% during the 4th quarter, Holdings Channel reports. The firm owned 402,906 shares of the specialty retailer’s stock after selling 5,892 shares during the period. Baird Financial Group Inc.’s holdings in Pool were worth $52,237,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Pool by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 307,371 shares of the specialty retailer’s stock worth $36,139,000 after buying an additional 5,843 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Pool by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 61,045 shares of the specialty retailer’s stock worth $7,177,000 after buying an additional 1,426 shares during the period. Handelsinvest Investeringsforvaltning raised its stake in shares of Pool by 18.7% in the third quarter. Handelsinvest Investeringsforvaltning now owns 136,500 shares of the specialty retailer’s stock worth $14,765,000 after buying an additional 21,500 shares during the period. Personal Capital Advisors Corp raised its stake in shares of Pool by 8.5% in the third quarter. Personal Capital Advisors Corp now owns 139,623 shares of the specialty retailer’s stock worth $15,103,000 after buying an additional 10,966 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Pool by 48.1% in the third quarter. Handelsbanken Fonder AB now owns 570,000 shares of the specialty retailer’s stock worth $61,657,000 after buying an additional 185,000 shares during the period. 93.76% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently commented on the company. Stephens set a $160.00 price objective on Pool and gave the stock a “hold” rating in a research note on Thursday. Robert W. Baird reaffirmed a “buy” rating and issued a $158.00 price objective on shares of Pool in a research note on Friday. Finally, BidaskClub raised Pool from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Pool currently has a consensus rating of “Buy” and an average price target of $139.20.
Shares of Pool Co. (POOL) opened at $149.40 on Monday. The stock has a market capitalization of $6,000.95, a P/E ratio of 33.13 and a beta of 0.91. Pool Co. has a 12 month low of $97.25 and a 12 month high of $150.26. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.03 and a current ratio of 2.43.
Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 15th. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $510.18 million for the quarter, compared to the consensus estimate of $478.37 million. Pool had a return on equity of 70.46% and a net margin of 6.87%. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. equities analysts forecast that Pool Co. will post 5.49 earnings per share for the current fiscal year.
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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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