Fenimore Asset Management Inc Sells 5,091 Shares of Pool Co. (NASDAQ:POOL)

Fenimore Asset Management Inc decreased its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 5.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,773 shares of the specialty retailer's stock after selling 5,091 shares during the period. Fenimore Asset Management Inc owned about 0.25% of Pool worth $30,171,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Pool by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer's stock valued at $474,886,000 after buying an additional 232,914 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Pool by 27.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,395 shares of the specialty retailer's stock valued at $1,513,000 after buying an additional 954 shares in the last quarter. Choreo LLC boosted its position in Pool by 349.4% in the fourth quarter. Choreo LLC now owns 2,557 shares of the specialty retailer's stock valued at $868,000 after buying an additional 1,988 shares in the last quarter. Apollon Wealth Management LLC boosted its position in Pool by 7.4% in the fourth quarter. Apollon Wealth Management LLC now owns 1,539 shares of the specialty retailer's stock valued at $525,000 after buying an additional 106 shares in the last quarter. Finally, Summit Trail Advisors LLC boosted its position in Pool by 10.8% in the fourth quarter. Summit Trail Advisors LLC now owns 690 shares of the specialty retailer's stock valued at $235,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on POOL shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Pool in a research report on Tuesday, April 1st. They issued a "hold" rating and a $344.00 target price on the stock. Stifel Nicolaus set a $300.00 price target on shares of Pool in a report on Friday, April 25th. Wells Fargo & Company set a $300.00 price target on shares of Pool in a report on Friday, April 25th. Stephens cut their price target on shares of Pool from $400.00 to $350.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, Oppenheimer cut their price target on shares of Pool from $370.00 to $322.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $336.22.

Pool Trading Down 3.7%

POOL opened at $297.08 on Monday. Pool Co. has a 1-year low of $284.28 and a 1-year high of $395.60. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The company has a market cap of $11.17 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 2.03 and a beta of 1.12. The company has a fifty day moving average price of $304.72 and a two-hundred day moving average price of $331.83.

Pool (NASDAQ:POOL - Get Free Report) last posted its earnings results on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share for the quarter, missing analysts' consensus estimates of $1.42 by ($0.10). Pool had a return on equity of 31.11% and a net margin of 8.18%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the company earned $1.85 EPS. The company's revenue was down 4.4% on a year-over-year basis. Analysts predict that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Thursday, May 15th were paid a $1.25 dividend. This is a positive change from Pool's previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $5.00 annualized dividend and a yield of 1.68%. Pool's dividend payout ratio (DPR) is 46.90%.

Pool announced that its Board of Directors has approved a share buyback plan on Wednesday, April 30th that allows the company to buyback $600.00 million in outstanding shares. This buyback authorization allows the specialty retailer to purchase up to 5.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Insider Buying and Selling at Pool

In other news, SVP Jennifer M. Neil sold 1,223 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the completion of the transaction, the senior vice president now directly owns 9,667 shares of the company's stock, valued at $3,045,105. This represents a 11.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.00% of the company's stock.

Pool Company 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.

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