Waratah Capital Advisors Ltd. Takes $20.29 Million Position in Pool Co. (NASDAQ:POOL)

Waratah Capital Advisors Ltd. acquired a new position in Pool Co. (NASDAQ:POOL) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 100,576 shares of the specialty retailer’s stock, valued at approximately $20,286,000. Pool accounts for about 2.3% of Waratah Capital Advisors Ltd.’s portfolio, making the stock its 13th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CX Institutional increased its stake in Pool by 45.5% in the 3rd quarter. CX Institutional now owns 176 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 55 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Pool during the 2nd quarter worth about $38,000. Stonebridge Capital Advisors LLC purchased a new stake in Pool during the second quarter valued at about $38,000. Squar Milner Financial Services LLC lifted its stake in Pool by 273.6% during the third quarter. Squar Milner Financial Services LLC now owns 198 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 145 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of Pool in the second quarter worth about $40,000. Institutional investors and hedge funds own 92.94% of the company’s stock.

In related news, Vice Chairman De La Mesa Manuel J. Perez sold 15,274 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $211.53, for a total transaction of $3,230,909.22. Following the transaction, the insider now owns 63,038 shares of the company’s stock, valued at $13,334,428.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $215.12, for a total transaction of $2,151,200.00. Following the completion of the sale, the insider now owns 69,738 shares of the company’s stock, valued at $15,002,038.56. The disclosure for this sale can be found here. Insiders sold 30,274 shares of company stock worth $6,456,309 in the last 90 days. Corporate insiders own 6.00% of the company’s stock.

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A number of equities research analysts have recently issued reports on POOL shares. Sidoti lowered shares of Pool from a “buy” rating to a “neutral” rating and set a $215.00 price target on the stock. in a report on Friday, August 23rd. Robert W. Baird raised their price objective on shares of Pool from $192.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Stephens raised their price objective on shares of Pool from $187.00 to $196.00 and gave the stock an “equal weight” rating in a research note on Monday, September 23rd. ValuEngine cut shares of Pool from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded shares of Pool from a “buy” rating to a “hold” rating and set a $228.00 target price on the stock. in a research note on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Pool has an average rating of “Hold” and a consensus price target of $217.25.

NASDAQ:POOL traded down $1.06 on Tuesday, hitting $204.95. 3,156 shares of the company’s stock traded hands, compared to its average volume of 201,915. The company has a market cap of $8.21 billion, a PE ratio of 36.40, a price-to-earnings-growth ratio of 1.50 and a beta of 0.86. The company has a current ratio of 2.68, a quick ratio of 0.98 and a debt-to-equity ratio of 1.62. The firm has a 50-day moving average price of $206.37 and a 200-day moving average price of $195.18. Pool Co. has a 1 year low of $137.02 and a 1 year high of $228.19.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 17th. The specialty retailer reported $1.95 EPS for the quarter, beating the consensus estimate of $1.78 by $0.17. Pool had a net margin of 8.24% and a return on equity of 82.52%. The business had revenue of $898.50 million for the quarter, compared to analysts’ expectations of $883.54 million. During the same period in the previous year, the company posted $1.66 EPS. Pool’s revenue was up 10.7% on a year-over-year basis. On average, research analysts forecast that Pool Co. will post 5.84 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $2.20 dividend on an annualized basis and a yield of 1.07%. Pool’s payout ratio is 39.15%.

Pool Profile

Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment and related leisure products. It also provides irrigation and landscape products. The company was founded in 1993 and is headquartered in Covington, LA.

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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)

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