Penserra Capital Management LLC lifted its position in shares of Pool Co. (NASDAQ:POOL – Free Report) by 3,190.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,614 shares of the specialty retailer’s stock after buying an additional 6,413 shares during the period. Penserra Capital Management LLC’s holdings in Pool were worth $2,264,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of POOL. American Century Companies Inc. boosted its position in Pool by 14.6% during the first quarter. American Century Companies Inc. now owns 5,536 shares of the specialty retailer’s stock valued at $2,341,000 after purchasing an additional 704 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Pool by 70.6% during the first quarter. Panagora Asset Management Inc. now owns 3,161 shares of the specialty retailer’s stock valued at $1,337,000 after purchasing an additional 1,308 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Pool by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,364 shares of the specialty retailer’s stock valued at $2,268,000 after purchasing an additional 332 shares during the last quarter. Raymond James Trust N.A. boosted its position in Pool by 14.1% during the first quarter. Raymond James Trust N.A. now owns 1,744 shares of the specialty retailer’s stock valued at $738,000 after purchasing an additional 215 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Pool by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 265,934 shares of the specialty retailer’s stock valued at $112,497,000 after purchasing an additional 3,766 shares during the last quarter. 99.05% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently issued reports on POOL. Bank of America cut their price objective on Pool from $320.00 to $315.00 and set an “underperform” rating for the company in a research report on Wednesday, April 19th. Stifel Nicolaus cut their price objective on Pool from $340.00 to $320.00 in a research report on Monday, April 24th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Oppenheimer cut their price objective on Pool from $408.00 to $375.00 in a research report on Monday, April 24th. Finally, Stephens raised Pool from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $415.00 to $420.00 in a research report on Friday, April 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $383.20.
Insiders Place Their Bets
Pool Price Performance
Shares of NASDAQ POOL opened at $365.72 on Monday. The firm has a market cap of $14.26 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 4.14 and a beta of 0.97. 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 Co. has a 1-year low of $278.10 and a 1-year high of $423.97. The business’s 50 day moving average is $346.45 and its 200-day moving average is $346.56.
Pool (NASDAQ:POOL – Free Report) last posted its quarterly earnings data on Thursday, April 20th. The specialty retailer reported $2.46 EPS for the quarter, missing analysts’ consensus estimates of $3.26 by ($0.80). Pool had a return on equity of 53.96% and a net margin of 11.23%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.30 billion. Equities research analysts predict that Pool Co. will post 15.1 earnings per share for the current year.
Pool Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Tuesday, May 16th. This is a positive change from Pool’s previous quarterly dividend of $1.00. Pool’s dividend payout ratio (DPR) is 26.17%.
About Pool
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.
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