Mitsubishi UFJ Trust & Banking Corp decreased its position in Pool Co. (NASDAQ:POOL) by 13.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,882 shares of the specialty retailer’s stock after selling 5,301 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.08% of Pool worth $11,412,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Pool by 2,375.7% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 17,107 shares of the specialty retailer’s stock valued at $5,906,000 after buying an additional 16,416 shares in the last quarter. Alliancebernstein L.P. boosted its position in Pool by 2.3% during the fourth quarter. Alliancebernstein L.P. now owns 322,636 shares of the specialty retailer’s stock worth $120,182,000 after purchasing an additional 7,195 shares during the period. Fiera Capital Corp boosted its position in Pool by 0.5% during the fourth quarter. Fiera Capital Corp now owns 92,454 shares of the specialty retailer’s stock worth $34,439,000 after purchasing an additional 490 shares during the period. Lincoln National Corp boosted its position in Pool by 2.6% during the first quarter. Lincoln National Corp now owns 10,925 shares of the specialty retailer’s stock worth $3,772,000 after purchasing an additional 274 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in Pool by 3.3% during the first quarter. Rockefeller Capital Management L.P. now owns 8,976 shares of the specialty retailer’s stock worth $3,099,000 after purchasing an additional 285 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ POOL opened at $434.41 on Wednesday. The company has a fifty day moving average price of $418.43. The company has a quick ratio of 0.64, a current ratio of 1.80 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $17.43 billion, a price-to-earnings ratio of 40.75 and a beta of 0.79. Pool Co. has a one year low of $256.85 and a one year high of $449.44.
Pool (NASDAQ:POOL) last issued its earnings results on Wednesday, April 21st. The specialty retailer reported $2.42 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $1.27. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $825.73 million. Pool had a return on equity of 71.77% and a net margin of 10.06%. Pool’s revenue was up 56.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. On average, equities analysts anticipate that Pool Co. will post 12.28 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 28th. Shareholders of record on Monday, May 17th were paid a dividend of $0.80 per share. This is a positive change from Pool’s previous quarterly dividend of $0.58. This represents a $3.20 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, May 14th. Pool’s dividend payout ratio is currently 38.00%.
A number of equities research analysts have issued reports on the company. Robert W. Baird upped their target price on Pool from $360.00 to $444.00 and gave the stock an “outperform” rating in a research report on Friday, April 23rd. Loop Capital upped their target price on Pool from $440.00 to $470.00 and gave the stock a “buy” rating in a research report on Friday, June 4th. They noted that the move was a valuation call. KeyCorp upped their target price on Pool from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 8th. The Goldman Sachs Group initiated coverage on Pool in a report on Tuesday, May 18th. They set a “buy” rating and a $535.00 price target for the company. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $410.00 price target on shares of Pool in a report on Wednesday, May 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Pool presently has an average rating of “Buy” and a consensus price target of $436.29.
In other Pool news, Vice Chairman De La Mesa Manuel J. Perez sold 17,106 shares of the stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $428.20, for a total transaction of $7,324,789.20. Following the completion of the transaction, the insider now directly owns 70,342 shares in the company, valued at $30,120,444.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Romain Kenneth G. St sold 12,500 shares of the stock in a transaction on Monday, April 26th. The stock was sold at an average price of $413.17, for a total value of $5,164,625.00. Following the transaction, the vice president now owns 96,487 shares of the company’s stock, valued at $39,865,533.79. The disclosure for this sale can be found here. Insiders have sold 50,711 shares of company stock valued at $21,757,571 over the last quarter. Corporate insiders own 4.00% of the company’s stock.
Pool Profile
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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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