Northwestern Mutual Investment Management Company LLC held its position in shares of Pool Corp. (NASDAQ:POOL) during the second quarter, Holdings Channel reports. The firm owned 7,254 shares of the company’s stock at the end of the second quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Pool Corp. were worth $682,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. UBS Group AG raised its position in shares of Pool Corp. by 37.0% in the first quarter. UBS Group AG now owns 12,993 shares of the company’s stock valued at $1,140,000 after buying an additional 3,508 shares during the period. Metropolitan Life Insurance Co. NY increased its stake in Pool Corp. by 124.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 67,414 shares of the company’s stock valued at $5,915,000 after buying an additional 37,394 shares in the last quarter. Babson Capital Management LLC increased its stake in Pool Corp. by 50.0% in the first quarter. Babson Capital Management LLC now owns 25,500 shares of the company’s stock valued at $2,237,000 after buying an additional 8,500 shares in the last quarter. Arizona State Retirement System increased its stake in Pool Corp. by 8.9% in the first quarter. Arizona State Retirement System now owns 23,100 shares of the company’s stock valued at $2,027,000 after buying an additional 1,879 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Pool Corp. during the first quarter valued at about $859,000. 91.93% of the stock is owned by institutional investors and hedge funds.
Shares of Pool Corp. (NASDAQ:POOL) traded up 0.48% during midday trading on Friday, hitting $101.93. The company had a trading volume of 73,445 shares. Pool Corp. has a 1-year low of $72.40 and a 1-year high of $103.55. The firm has a market capitalization of $4.21 billion, a P/E ratio of 29.63 and a beta of 0.90. The stock has a 50 day moving average price of $95.07 and a 200 day moving average price of $95.25.
Pool Corp. (NASDAQ:POOL) last issued its earnings results on Thursday, October 20th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.02. The company earned $691.40 million during the quarter, compared to the consensus estimate of $693.02 million. Pool Corp. had a net margin of 5.86% and a return on equity of 58.92%. Pool Corp.’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. On average, equities analysts anticipate that Pool Corp. will post $3.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Wednesday, November 9th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.22%. The ex-dividend date was Monday, November 7th. Pool Corp.’s dividend payout ratio is currently 35.94%.
POOL has been the topic of several recent research reports. Wedbush restated an “outperform” rating and set a $115.00 target price on shares of Pool Corp. in a research report on Monday, October 3rd. Zacks Investment Research downgraded Pool Corp. from a “buy” rating to a “hold” rating in a research report on Monday, November 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Pool Corp. presently has an average rating of “Buy” and a consensus target price of $97.40.
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).