Pittenger & Anderson Inc. Trims Stock Holdings in Pool Co. (NASDAQ:POOL)

Pittenger & Anderson Inc. cut its holdings in shares of Pool Co. (NASDAQ:POOL) by 27.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,009 shares of the specialty retailer’s stock after selling 774 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Pool were worth $801,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Pool by 3.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,845,204 shares of the specialty retailer’s stock worth $657,077,000 after buying an additional 63,413 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Pool by 56.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock worth $308,156,000 after acquiring an additional 313,190 shares in the last quarter. Blair William & Co. IL increased its position in shares of Pool by 1.6% in the 3rd quarter. Blair William & Co. IL now owns 777,707 shares of the specialty retailer’s stock worth $276,941,000 after purchasing an additional 12,389 shares during the last quarter. Invesco Ltd. raised its stake in shares of Pool by 22.0% in the 3rd quarter. Invesco Ltd. now owns 634,329 shares of the specialty retailer’s stock valued at $225,885,000 after purchasing an additional 114,298 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of Pool by 10.9% during the third quarter. William Blair Investment Management LLC now owns 606,678 shares of the specialty retailer’s stock worth $216,038,000 after purchasing an additional 59,757 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the transaction, the general counsel now owns 8,622 shares in the company, valued at approximately $3,457,422. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on POOL. Loop Capital cut Pool from a “buy” rating to a “hold” rating and upped their price objective for the company from $380.00 to $415.00 in a research note on Monday, January 8th. TheStreet cut Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Stifel Nicolaus reiterated a “hold” rating and set a $370.00 target price on shares of Pool in a research note on Tuesday, March 5th. Finally, Oppenheimer raised their price target on shares of Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $397.80.

Pool Stock Performance

POOL traded down $7.39 during trading on Thursday, reaching $370.00. 1,051,609 shares of the company were exchanged, compared to its average volume of 330,821. The company has a current ratio of 2.36, a quick ratio of 0.58 and a debt-to-equity ratio of 0.77. The stock has a market cap of $14.24 billion, a P/E ratio of 28.33, a PEG ratio of 3.58 and a beta of 1.00. Pool Co. has a 52 week low of $307.77 and a 52 week high of $422.73. The firm has a 50 day moving average of $393.49 and a 200 day moving average of $373.57.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, topping the consensus estimate of $1.28 by $0.02. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. Pool had a net margin of 9.44% and a return on equity of 37.94%. The company’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.79 earnings per share. On average, sell-side analysts forecast that Pool Co. will post 13.27 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Wednesday, March 13th. Pool’s dividend payout ratio (DPR) is 33.03%.

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; 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.