Highbridge Capital Management LLC grew its stake in shares of Pool Corporation (NASDAQ:POOL) by 56.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,880 shares of the specialty retailer’s stock after acquiring an additional 1,038 shares during the period. Highbridge Capital Management LLC’s holdings in Pool were worth $312,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its position in shares of Pool by 18.4% during the 3rd quarter. Janus Henderson Group PLC now owns 238,706 shares of the specialty retailer’s stock valued at $25,821,000 after acquiring an additional 37,032 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Pool by 487.6% during the 3rd quarter. Jane Street Group LLC now owns 10,999 shares of the specialty retailer’s stock valued at $1,190,000 after acquiring an additional 9,127 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of Pool in the third quarter valued at $339,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Pool by 48.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 14,785 shares of the specialty retailer’s stock valued at $1,599,000 after purchasing an additional 4,810 shares in the last quarter. Finally, First Republic Investment Management Inc. lifted its holdings in shares of Pool by 19.7% in the third quarter. First Republic Investment Management Inc. now owns 5,117 shares of the specialty retailer’s stock valued at $554,000 after purchasing an additional 841 shares in the last quarter. Institutional investors own 94.18% of the company’s stock.

Shares of Pool Corporation (NASDAQ:POOL) opened at $131.17 on Tuesday. The stock has a market capitalization of $5,227.71, a price-to-earnings ratio of 33.98 and a beta of 0.96. Pool Corporation has a 1-year low of $97.25 and a 1-year high of $131.80. The company has a quick ratio of 1.03, a current ratio of 2.61 and a debt-to-equity ratio of 2.64.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, October 19th. The specialty retailer reported $1.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.02. The company had revenue of $743.40 million during the quarter. Pool had a return on equity of 69.28% and a net margin of 6.19%. Pool’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 EPS. sell-side analysts expect that Pool Corporation will post 4.07 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 15th were issued a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.13%. Pool’s payout ratio is currently 37.47%.

In related news, CEO De La Mesa Manuel J. Perez sold 47,628 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $120.73, for a total transaction of $5,750,128.44. Following the completion of the sale, the chief executive officer now directly owns 61,708 shares in the company, valued at $7,450,006.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Harlan F. Seymour sold 15,502 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $118.87, for a total value of $1,842,722.74. Following the sale, the director now owns 15,995 shares of the company’s stock, valued at $1,901,325.65. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.

A number of research firms have recently issued reports on POOL. Sidoti upgraded Pool from a “neutral” rating to a “buy” rating and increased their target price for the company from $119.00 to $131.00 in a report on Friday, September 15th. Robert W. Baird increased their target price on Pool from $125.00 to $131.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Finally, BidaskClub lowered Pool from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Six investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of $127.25.

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Pool 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).

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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