International Assets Investment Management LLC Purchases Shares of 664 Pool Co. (NASDAQ:POOL)

Posted by Defense World Staff on Jul 5th, 2023

International Assets Investment Management LLC purchased a new stake in Pool Co. (NASDAQ:POOL – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 664 shares of the specialty retailer’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in POOL. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Pool during the 4th quarter worth about $26,000. Concord Wealth Partners purchased a new stake in shares of Pool during the 4th quarter worth about $35,000. Allworth Financial LP grew its holdings in shares of Pool by 126.7% during the 1st quarter. Allworth Financial LP now owns 102 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 57 shares during the period. Spire Wealth Management grew its holdings in shares of Pool by 191.5% during the 4th quarter. Spire Wealth Management now owns 137 shares of the specialty retailer’s stock worth $41,000 after purchasing an additional 90 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Pool during the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 99.05% of the company’s stock.

Pool Stock Performance

Shares of POOL opened at $371.48 on Wednesday. The business’s 50 day moving average is $344.94 and its two-hundred day moving average is $345.31. Pool Co. has a 52-week low of $278.10 and a 52-week high of $423.97. The firm has a market cap of $14.49 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 4.20 and a beta of 0.98. The company has a quick ratio of 0.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.06.

Pool (NASDAQ:POOL – Free Report) last announced its earnings results on Thursday, April 20th. The specialty retailer reported $2.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.26 by ($0.80). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.30 billion. Pool had a net margin of 11.23% and a return on equity of 53.96%. Analysts forecast that Pool Co. will post 15.1 EPS for the current fiscal year.

Pool Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th were given a dividend of $1.10 per share. This is a positive change from Pool’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Tuesday, May 16th. Pool’s dividend payout ratio is currently 26.17%.

Wall Street Analyst Weigh In

POOL has been the subject of a number of research reports. Loop Capital decreased their target price on Pool from $415.00 to $410.00 and set a “buy” rating for the company in a report on Friday, April 21st. Deutsche Bank Aktiengesellschaft decreased their price target on Pool from $460.00 to $445.00 and set a “buy” rating for the company in a report on Friday, April 21st. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Stifel Nicolaus decreased their price target on Pool from $340.00 to $320.00 in a report on Monday, April 24th. Finally, Bank of America decreased their price target on Pool from $320.00 to $315.00 and set an “underperform” rating for the company in a report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $383.20.

Insider Activity at Pool

In related news, General Counsel Jennifer M. Neil sold 2,333 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $352.00, for a total transaction of $821,216.00. Following the sale, the general counsel now directly owns 8,095 shares of the company’s stock, valued at approximately $2,849,440. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Pool Profile

(Free Report)

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.