Cullen Investment Group LTD. lowered its position in Pool Co. (NASDAQ:POOL - Free Report) by 6.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 12,742 shares of the specialty retailer's stock after selling 877 shares during the quarter. Cullen Investment Group LTD.'s holdings in Pool were worth $4,056,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in POOL. JPMorgan Chase & Co. increased its holdings in Pool by 22.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer's stock worth $474,886,000 after acquiring an additional 232,914 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Pool by 15.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,737 shares of the specialty retailer's stock worth $1,274,000 after purchasing an additional 495 shares during the period. Institute for Wealth Management LLC. boosted its stake in Pool by 22.6% in the 4th quarter. Institute for Wealth Management LLC. now owns 998 shares of the specialty retailer's stock worth $340,000 after purchasing an additional 184 shares during the period. Hamilton Point Investment Advisors LLC boosted its stake in Pool by 11.3% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 14,149 shares of the specialty retailer's stock worth $4,824,000 after purchasing an additional 1,439 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in Pool by 28.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 49,056 shares of the specialty retailer's stock worth $16,725,000 after purchasing an additional 10,880 shares during the period. Hedge funds and other institutional investors own 98.99% of the company's stock.
Insider Buying and Selling
In related news, SVP Jennifer M. Neil sold 1,223 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $315.00, for a total value of $385,245.00. Following the transaction, the senior vice president now directly owns 9,667 shares of the company's stock, valued at approximately $3,045,105. This trade represents a 11.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Pool in a research report on Tuesday, April 1st. They set a "hold" rating and a $344.00 price target for the company. Stephens dropped their price target on Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company set a $300.00 price target on Pool in a research report on Friday, April 25th. Robert W. Baird dropped their price target on Pool from $325.00 to $310.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Finally, Wall Street Zen downgraded Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Pool currently has a consensus rating of "Hold" and an average target price of $336.22.
Read Our Latest Research Report on Pool
Pool Trading Down 0.7%
POOL stock traded down $2.22 during midday trading on Monday, hitting $298.37. The company had a trading volume of 197,633 shares, compared to its average volume of 402,178. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. Pool Co. has a 52 week low of $284.28 and a 52 week high of $395.60. The stock's 50 day moving average price is $306.36 and its 200 day moving average price is $333.85. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 2.03 and a beta of 1.20.
Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.42 by ($0.10). Pool had a net margin of 8.18% and a return on equity of 31.11%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm posted $1.85 EPS. The business's revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, equities research analysts expect that Pool Co. will post 11.32 earnings per share for the current fiscal year.
Pool announced that its Board of Directors has authorized a stock buyback program on Wednesday, April 30th that permits the company to repurchase $600.00 million in shares. This repurchase authorization permits the specialty retailer to purchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.
Pool Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.68%. This is a boost from Pool's previous quarterly dividend of $1.20. The ex-dividend date was Thursday, May 15th. Pool's dividend payout ratio is presently 46.90%.
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.
See Also
Before you consider Pool, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pool wasn't on the list.
While Pool currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
