Pacer Advisors Inc. Reduces Stock Position in Pool Co. (NASDAQ:POOL)


Pacer Advisors Inc. lowered its holdings in shares of Pool Co. (NASDAQ:POOL – Get Rating) by 12.0% in the first quarter, Holdings Channel.com reports. The fund owned 2,791 shares of the specialty retailer’s stock after selling 380 shares during the quarter. Pacer Advisors Inc.’s holdings in Pool were worth $1,180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Total Clarity Wealth Management Inc. boosted its holdings in Pool by 150.0% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 50 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 30 shares during the period. UMB Bank NA MO bought a new stake in Pool during the 4th quarter valued at $54,000. Sugarloaf Wealth Management LLC raised its position in Pool by 128.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 112 shares of the specialty retailer’s stock valued at $63,000 after purchasing an additional 63 shares in the last quarter. Sageworth Trust Co of South Dakota bought a new stake in Pool during the 4th quarter valued at $67,000. Finally, Concord Wealth Partners raised its position in Pool by 1,041.7% during the 4th quarter. Concord Wealth Partners now owns 137 shares of the specialty retailer’s stock valued at $78,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 91.88% of the company’s stock.

Shares of NASDAQ:POOL opened at $356.94 on Friday. The business’s 50-day moving average is $393.88 and its 200-day moving average is $448.62. Pool Co. has a 1 year low of $324.14 and a 1 year high of $582.27. The firm has a market capitalization of $14.30 billion, a P/E ratio of 19.86, a P/E/G ratio of 1.91 and a beta of 0.88. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.50 and a quick ratio of 0.79.

Pool (NASDAQ:POOL – Get Rating) last announced its earnings results on Thursday, April 21st. The specialty retailer reported $4.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $1.35. Pool had a return on equity of 69.76% and a net margin of 12.95%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company posted $2.42 EPS. The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. On average, analysts expect that Pool Co. will post 18.5 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Monday, May 16th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, May 13th. This is an increase from Pool’s previous quarterly dividend of $0.80. Pool’s payout ratio is currently 22.26%.

A number of brokerages have weighed in on POOL. Loop Capital decreased their target price on Pool from $465.00 to $370.00 and set a “hold” rating for the company in a research report on Thursday. The Goldman Sachs Group decreased their target price on Pool from $560.00 to $450.00 and set a “buy” rating for the company in a research report on Thursday. StockNews.com began coverage on Pool in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Berenberg Bank reissued a “buy” rating and issued a $519.00 price target on shares of Pool in a research report on Tuesday, March 8th. Finally, Longbow Research raised Pool from a “neutral” rating to a “buy” rating and set a $550.00 price target for the company in a research report on Tuesday, April 19th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $496.00.

In other news, CEO Peter D. Arvan purchased 500 shares of the company’s stock in a transaction on Wednesday, May 18th. The shares were acquired at an average price of $387.08 per share, for a total transaction of $193,540.00. Following the purchase, the chief executive officer now owns 61,825 shares in the company, valued at $23,931,221. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Martha S. Gervasi purchased 300 shares of the company’s stock in a transaction on Friday, May 6th. The shares were purchased at an average price of $391.86 per share, for a total transaction of $117,558.00. Following the purchase, the director now owns 808 shares in the company, valued at approximately $316,622.88. The disclosure for this purchase can be found here. 3.00% of the stock is currently owned by insiders.

Pool Profile (Get Rating)

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.

See Also

Want to see what other hedge funds are holding POOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pool Co. (NASDAQ:POOL – Get Rating).

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)



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