Mn Services Vermogensbeheer B.V. Raises Holdings in Pool Co. (NASDAQ:POOL)

Posted by Defense World Staff on Jul 14th, 2023

Mn Services Vermogensbeheer B.V. lifted its position in Pool Co. (NASDAQ:POOL – Free Report) by 1.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,800 shares of the specialty retailer’s stock after purchasing an additional 200 shares during the quarter. Mn Services Vermogensbeheer B.V. owned about 0.05% of Pool worth $6,780,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC bought a new stake in Pool in the 4th quarter worth approximately $26,000. Concord Wealth Partners bought a new stake in Pool in the fourth quarter worth $35,000. Allworth Financial LP increased its position in Pool by 126.7% in the first 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 last quarter. Spire Wealth Management lifted its position 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 last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Pool in the 4th quarter worth $50,000. 99.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on POOL shares. Bank of America decreased their target price on shares of Pool from $320.00 to $315.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 19th. 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 note on Friday, April 21st. Stifel Nicolaus cut their target price on Pool from $340.00 to $320.00 in a research report on Monday, April 24th. Deutsche Bank Aktiengesellschaft lowered their price target on Pool from $460.00 to $445.00 and set a “buy” rating for the company in a research report on Friday, April 21st. Finally, StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. One research 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $383.20.

Pool Stock Down 1.5 %

NASDAQ:POOL opened at $382.66 on Friday. The stock has a fifty day simple moving average of $349.23 and a 200-day simple moving average of $348.12. 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 has a market cap of $14.92 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 4.40 and a beta of 0.98. Pool Co. has a twelve month low of $278.10 and a twelve month high of $423.97.

Pool (NASDAQ:POOL – Get Free Report) last released its quarterly earnings data on Thursday, April 20th. The specialty retailer reported $2.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.26 by ($0.80). The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Pool had a net margin of 11.23% and a return on equity of 53.96%. Analysts anticipate that Pool Co. will post 15.09 EPS for the current year.

Pool Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 17th were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, May 16th. This is a positive change from Pool’s previous quarterly dividend of $1.00. This represents a $4.40 dividend on an annualized basis and a yield of 1.15%. Pool’s payout ratio is 26.17%.

Insiders Place Their Bets

In related news, General Counsel Jennifer M. Neil sold 2,333 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $352.00, for a total value of $821,216.00. Following the completion of the sale, the general counsel now directly owns 8,095 shares of the company’s stock, valued at $2,849,440. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company 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.