Pool Co. (NASDAQ:POOL) Position Reduced by Gitterman Wealth Management LLC

Gitterman Wealth Management LLC decreased its position in shares of Pool Co. (NASDAQ:POOL) by 5.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 569 shares of the specialty retailer’s stock after selling 34 shares during the quarter. Gitterman Wealth Management LLC’s holdings in Pool were worth $228,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Pool by 3.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,845,204 shares of the specialty retailer’s stock worth $657,077,000 after purchasing an additional 63,413 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Pool by 56.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock valued at $308,156,000 after purchasing an additional 313,190 shares during the period. Blair William & Co. IL raised its stake in Pool by 1.6% during the 3rd quarter. Blair William & Co. IL now owns 777,707 shares of the specialty retailer’s stock valued at $276,941,000 after purchasing an additional 12,389 shares during the period. Invesco Ltd. raised its stake in Pool by 22.0% during the 3rd quarter. Invesco Ltd. now owns 634,329 shares of the specialty retailer’s stock valued at $225,885,000 after purchasing an additional 114,298 shares during the period. Finally, William Blair Investment Management LLC raised its stake in Pool by 10.9% during the 3rd quarter. William Blair Investment Management LLC now owns 606,678 shares of the specialty retailer’s stock valued at $216,038,000 after purchasing an additional 59,757 shares during the period. Institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. TheStreet downgraded shares of Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Loop Capital cut shares of Pool from a “buy” rating to a “hold” rating and upped their price objective for the stock from $380.00 to $415.00 in a report on Monday, January 8th. Oppenheimer upped their price target on shares of Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, Stifel Nicolaus restated a “hold” rating and set a $370.00 price target on shares of Pool in a report on Tuesday, March 5th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $397.80.

Insider Buying and Selling at Pool

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the sale, the general counsel now owns 8,622 shares in the company, valued at $3,457,422. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Pool Stock Performance

Shares of POOL traded up $1.17 during trading hours on Friday, reaching $371.17. 437,342 shares of the company traded hands, compared to its average volume of 372,053. The stock’s fifty day moving average is $392.78 and its 200 day moving average is $373.92. The stock has a market cap of $14.29 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.58 and a current ratio of 1.88. Pool Co. has a 1-year low of $307.77 and a 1-year high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.02). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. Pool’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.46 EPS. Equities research analysts anticipate that Pool Co. will post 13.26 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, March 13th. Pool’s dividend payout ratio is 34.43%.

Pool Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. 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; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.