Victory Capital Management Inc. trimmed its holdings in shares of Pool Co. (NASDAQ:POOL – Get Rating) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,417 shares of the specialty retailer’s stock after selling 1,161 shares during the period. Victory Capital Management Inc. owned 0.10% of Pool worth $14,392,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Concord Wealth Partners bought a new stake in shares of Pool during the fourth quarter worth approximately $35,000. Spire Wealth Management grew its holdings in Pool by 191.5% during the fourth quarter. Spire Wealth Management now owns 137 shares of the specialty retailer’s stock valued at $41,000 after purchasing an additional 90 shares during the period. Exchange Traded Concepts LLC bought a new stake in Pool in the fourth quarter valued at approximately $50,000. Eagle Bay Advisors LLC increased its stake in Pool by 226.8% in the fourth quarter. Eagle Bay Advisors LLC now owns 183 shares of the specialty retailer’s stock valued at $55,000 after purchasing an additional 127 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in Pool by 69.0% in the third quarter. Global Retirement Partners LLC now owns 191 shares of the specialty retailer’s stock valued at $58,000 after purchasing an additional 78 shares in the last quarter. 98.15% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have commented on POOL. Stephens raised shares of Pool from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $415.00 to $420.00 in a research note on Friday, April 21st. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Jefferies Financial Group upped their target price on shares of Pool from $325.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, February 13th. Robert W. Baird lowered their target price on shares of Pool from $404.00 to $385.00 and set a “neutral” rating for the company in a research note on Wednesday, April 19th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Pool from $460.00 to $445.00 and set a “buy” rating for the company in a research report on Friday, April 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Pool has a consensus rating of “Hold” and an average target price of $383.20.
Insider Activity at Pool
Pool Stock Down 1.3 %
Pool stock opened at $338.08 on Wednesday. The company has a market cap of $13.19 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 3.88 and a beta of 0.93. Pool Co. has a 1-year low of $278.10 and a 1-year high of $423.97. The company has a fifty day simple moving average of $340.07 and a 200 day simple moving average of $341.56. The company has a current ratio of 2.36, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06.
Pool Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $4.40 dividend on an annualized basis and a yield of 1.30%. This is an increase from Pool’s previous quarterly dividend of $1.00. Pool’s dividend payout ratio (DPR) is 26.17%.
About Pool
Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment, and related leisure products. It also offers non-discretionary pool maintenance products such as chemicals and replacement parts, discretionary products like packaged pool kits, whole goods, irrigation, and landscape products, including a complete line of commercial and residential irrigation products and parts, power equipment for the professional landscape market, specialty products such as outdoor lighting, grills, and outdoor kitchen components, and golf irrigation and water management products.
Read More
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