Mn Services Vermogensbeheer B.V. Lowers Stock Position in Pool Corporation (NASDAQ:POOL)

Mn Services Vermogensbeheer B.V. lowered its holdings in Pool Corporation (NASDAQ:POOL - Free Report) by 10.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,100 shares of the specialty retailer's stock after selling 1,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Pool were worth $4,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. increased its position in Pool by 2,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 69 shares during the last quarter. Whipplewood Advisors LLC increased its position in Pool by 471.4% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the specialty retailer's stock worth $25,000 after buying an additional 66 shares in the last quarter. City Holding Co. purchased a new stake in Pool in the first quarter worth about $26,000. Atala Financial Inc purchased a new stake in Pool in the fourth quarter worth about $29,000. Finally, Sierra Ocean LLC purchased a new stake in Pool in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Insiders Place Their Bets

In other news, SVP Jennifer M. Neil sold 1,223 shares of the 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 sale, the senior vice president now directly owns 9,667 shares in the company, valued at approximately $3,045,105. This trade represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on POOL shares. Stephens dropped their price objective on Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. 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 note on Friday, April 25th. Oppenheimer dropped their price target on Pool from $370.00 to $322.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Deutsche Bank Aktiengesellschaft started coverage on Pool in a research note on Tuesday, April 1st. They issued a "hold" rating and a $344.00 price objective for the company. Finally, Wall Street Zen lowered Pool from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Pool currently has a consensus rating of "Hold" and an average target price of $336.22.

Pool Trading Down 0.2%

POOL traded down $0.50 during trading on Thursday, hitting $285.00. 481,146 shares of the stock were exchanged, compared to its average volume of 419,675. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.53 and a current ratio of 1.79. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 3.64 and a beta of 1.12. Pool Corporation has a 1 year low of $282.22 and a 1 year high of $395.60. The firm has a 50 day simple moving average of $301.98 and a 200 day simple moving average of $327.21.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $1.32 EPS for the quarter, missing analysts' consensus estimates of $1.42 by ($0.10). Pool had a return on equity of 30.11% and a net margin of 7.77%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the firm posted $1.85 EPS. The business's revenue was down 4.4% compared to the same quarter last year. As a group, equities analysts expect that Pool Corporation will post 11.32 EPS for the current year.

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

Pool Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, May 15th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.75%. 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. Pool's dividend payout ratio is presently 46.90%.

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.