Fmr LLC lowered its stake in Pool Co. (NASDAQ:POOL) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,132,209 shares of the specialty retailer’s stock after selling 23,842 shares during the period. Fmr LLC’s holdings in Pool were worth $188,943,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in POOL. BlackRock Inc. boosted its holdings in Pool by 11.0% in the second quarter. BlackRock Inc. now owns 3,754,763 shares of the specialty retailer’s stock valued at $568,848,000 after acquiring an additional 370,948 shares in the last quarter. Artemis Investment Management LLP boosted its holdings in shares of Pool by 317.8% during the 3rd quarter. Artemis Investment Management LLP now owns 240,628 shares of the specialty retailer’s stock valued at $40,168,000 after buying an additional 183,034 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Pool by 26.4% during the 2nd quarter. Wells Fargo & Company MN now owns 606,971 shares of the specialty retailer’s stock valued at $91,957,000 after buying an additional 126,832 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of Pool by 17.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 650,811 shares of the specialty retailer’s stock valued at $98,598,000 after buying an additional 96,678 shares in the last quarter. Finally, Waratah Capital Advisors Ltd. boosted its holdings in shares of Pool by 1,633.7% during the 3rd quarter. Waratah Capital Advisors Ltd. now owns 96,204 shares of the specialty retailer’s stock valued at $16,055,000 after buying an additional 90,655 shares in the last quarter. Institutional investors and hedge funds own 94.54% of the company’s stock.

In other Pool news, CEO De La Mesa Manuel J. Perez sold 10,300 shares of the business’s stock in a transaction dated Thursday, November 29th. The stock was sold at an average price of $160.98, for a total value of $1,658,094.00. Following the completion of the transaction, the chief executive officer now owns 69,001 shares of the company’s stock, valued at approximately $11,107,780.98. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO De La Mesa Manuel J. Perez sold 20,448 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $162.28, for a total value of $3,318,301.44. Following the completion of the transaction, the chief executive officer now directly owns 69,001 shares of the company’s stock, valued at approximately $11,197,482.28. The disclosure for this sale can be found here. 6.00% of the stock is owned by insiders.

POOL opened at $156.51 on Friday. The company has a quick ratio of 1.18, a current ratio of 3.29 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $6.44 billion, a PE ratio of 39.23, a P/E/G ratio of 1.20 and a beta of 1.05. Pool Co. has a 1 year low of $123.88 and a 1 year high of $175.87.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 18th. The specialty retailer reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.08. The firm had revenue of $811.31 million during the quarter. Pool had a return on equity of 78.04% and a net margin of 8.21%. Pool’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 EPS. Sell-side analysts forecast that Pool Co. will post 5.66 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 29th. Stockholders of record on Thursday, November 15th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Wednesday, November 14th. Pool’s dividend payout ratio is presently 45.11%.

POOL has been the subject of several recent analyst reports. Zacks Investment Research raised Pool from a “hold” rating to a “buy” rating and set a $169.00 price target for the company in a research report on Thursday, November 15th. BidaskClub raised Pool from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. Finally, Jefferies Financial Group initiated coverage on Pool in a research report on Friday, October 12th. They issued a “hold” rating and a $145.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $160.40.

TRADEMARK VIOLATION WARNING: This news story was reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.watchlistnews.com/pool-co-pool-position-trimmed-by-fmr-llc/2667127.html.

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.

Recommended Story: How much money do you need to begin day trading?

Want to see what other hedge funds are holding POOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pool Co. (NASDAQ:POOL).

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

Receive News & Ratings for Pool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pool and related companies with MarketBeat.com's FREE daily email newsletter.