Pool Co. (NASDAQ:POOL) Shares Sold by Teacher Retirement System of Texas

Posted by Defense World Staff on Jun 9th, 2023

Teacher Retirement System of Texas decreased its stake in shares of Pool Co. (NASDAQ:POOL – Get Rating) by 22.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,409 shares of the specialty retailer’s stock after selling 1,311 shares during the quarter. Teacher Retirement System of Texas’ holdings in Pool were worth $1,333,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Premier Fund Managers Ltd raised its stake in Pool by 478.5% during the fourth quarter. Premier Fund Managers Ltd now owns 688,356 shares of the specialty retailer’s stock worth $40,974,000 after purchasing an additional 569,356 shares during the period. Blair William & Co. IL increased its position in shares of Pool by 24.7% during the fourth quarter. Blair William & Co. IL now owns 689,597 shares of the specialty retailer’s stock valued at $208,486,000 after acquiring an additional 136,460 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of Pool by 335.2% during the third quarter. Quadrature Capital Ltd now owns 112,330 shares of the specialty retailer’s stock valued at $35,749,000 after acquiring an additional 86,517 shares during the last quarter. Robeco Schweiz AG acquired a new stake in shares of Pool during the first quarter valued at about $32,873,000. Finally, Macquarie Group Ltd. increased its position in shares of Pool by 21.5% during the second quarter. Macquarie Group Ltd. now owns 308,096 shares of the specialty retailer’s stock valued at $108,213,000 after acquiring an additional 54,439 shares during the last quarter. Institutional investors and hedge funds own 98.15% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Jennifer M. Neil sold 2,333 shares of Pool stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $352.00, for a total value of $821,216.00. Following the transaction, the general counsel now owns 8,095 shares of the company’s stock, valued at approximately $2,849,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

Pool Price Performance

Shares of Pool stock opened at $324.64 on Friday. The company has a current ratio of 2.36, a quick ratio of 0.63 and a debt-to-equity ratio of 1.06. The company’s 50-day moving average price is $337.72 and its two-hundred day moving average price is $341.35. Pool Co. has a 52 week low of $278.10 and a 52 week high of $423.97. The stock has a market cap of $12.66 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 3.83 and a beta of 0.94.

Pool Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, May 16th. This represents a $4.40 dividend on an annualized basis and a yield of 1.36%. This is a boost from Pool’s previous quarterly dividend of $1.00. Pool’s dividend payout ratio (DPR) is currently 26.17%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Pool from $375.00 to $425.00 and gave the stock a “buy” rating in a report on Friday, February 17th. Robert W. Baird reduced their price target on shares of Pool from $404.00 to $385.00 and set a “neutral” rating for the company in a research report on Wednesday, April 19th. Loop Capital reduced their price target on shares of Pool from $415.00 to $410.00 and set a “buy” rating for the company in a research report on Friday, April 21st. Jefferies Financial Group upped their price target on shares of Pool from $325.00 to $350.00 and gave the company a “hold” rating in a research report on Monday, February 13th. Finally, StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $383.20.

About Pool

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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.