Arizona State Retirement System Holds Stake in Pool Corp. (POOL)
Arizona State Retirement System maintained its position in shares of Pool Corp. (NASDAQ:POOL) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,700 shares of the company’s stock at the end of the third quarter. Arizona State Retirement System’s holdings in Pool Corp. were worth $1,768,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in shares of Pool Corp. during the second quarter worth approximately $122,000. BlueMountain Capital Management LLC bought a new position in shares of Pool Corp. during the first quarter worth approximately $133,000. Tower Research Capital LLC TRC boosted its position in shares of Pool Corp. by 946.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,549 shares of the company’s stock worth $145,000 after buying an additional 1,401 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of Pool Corp. during the second quarter worth approximately $160,000. Finally, Foundry Partners LLC bought a new position in shares of Pool Corp. during the second quarter worth approximately $202,000. Hedge funds and other institutional investors own 91.14% of the company’s stock.
Pool Corp. (NASDAQ:POOL) traded down 0.65% during trading on Wednesday, reaching $100.61. The company had a trading volume of 187,906 shares. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 29.25 and a beta of 0.90. Pool Corp. has a 52 week low of $72.40 and a 52 week high of $103.55. The company’s 50-day moving average is $95.24 and its 200 day moving average is $95.40.
Pool Corp. (NASDAQ:POOL) last announced its earnings results on Thursday, October 20th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Pool Corp. had a return on equity of 59.21% and a net margin of 5.86%. The business earned $691.40 million during the quarter, compared to analysts’ expectations of $693.02 million. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Pool Corp. will post $3.45 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Wednesday, November 9th were issued a dividend of $0.31 per share. The ex-dividend date was Monday, November 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.23%. Pool Corp.’s payout ratio is currently 35.94%.
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A number of equities analysts have recently commented on POOL shares. Zacks Investment Research upgraded Pool Corp. from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a report on Monday, October 24th. Wedbush restated an “outperform” rating and set a $109.00 price objective on shares of Pool Corp. in a report on Friday, October 21st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $97.20.
About Pool Corp.
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is also a distributor of irrigation and landscape products in the United States. The Company operates over 340 sales centers in North America, Europe, South America and Australia through its over four distribution networks, such as SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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