Quantinno Capital Management LP Increases Position in Pool Co. (NASDAQ:POOL)

Quantinno Capital Management LP increased its position in Pool Co. (NASDAQ:POOL - Free Report) by 139.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,618 shares of the specialty retailer's stock after purchasing an additional 4,442 shares during the quarter. Quantinno Capital Management LP's holdings in Pool were worth $2,597,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of POOL. Vanguard Group Inc. boosted its position in Pool by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,443,451 shares of the specialty retailer's stock valued at $1,514,950,000 after acquiring an additional 21,870 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Pool by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer's stock valued at $474,886,000 after acquiring an additional 232,914 shares in the last quarter. Wellington Management Group LLP boosted its position in Pool by 27.5% during the 4th quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer's stock valued at $355,435,000 after acquiring an additional 224,674 shares in the last quarter. Geode Capital Management LLC boosted its position in Pool by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 977,862 shares of the specialty retailer's stock valued at $332,566,000 after acquiring an additional 13,519 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Pool by 6.2% during the 4th quarter. Invesco Ltd. now owns 763,817 shares of the specialty retailer's stock valued at $260,416,000 after acquiring an additional 44,884 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

Pool Stock Down 0.4%

Shares of Pool stock traded down $1.18 during trading on Friday, reaching $302.29. The company's stock had a trading volume of 363,784 shares, compared to its average volume of 399,645. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The company has a market cap of $11.36 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 2.03 and a beta of 1.20. Pool Co. has a 1-year low of $284.28 and a 1-year high of $395.60. The company has a 50-day simple moving average of $308.58 and a two-hundred day simple moving average of $336.49.

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

Pool declared that its Board of Directors has authorized a stock buyback plan on Wednesday, April 30th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the specialty retailer to reacquire up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Pool Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be 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 is Thursday, May 15th. This represents a $5.00 dividend on an annualized basis and a yield of 1.65%. Pool's dividend payout ratio (DPR) is 46.90%.

Insider Buying and Selling

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the completion of the transaction, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. This trade represents a 13.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jennifer M. Neil sold 1,223 shares of Pool stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $315.00, for a total value of $385,245.00. Following the transaction, the senior vice president now owns 9,667 shares of the company's stock, valued at $3,045,105. The trade was a 11.23% decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

POOL has been the topic of several recent research reports. Stifel Nicolaus set a $300.00 target price on Pool in a research report on Friday, April 25th. Stephens dropped their target price on Pool from $400.00 to $350.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Oppenheimer lowered their price objective on Pool from $370.00 to $322.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company set a $300.00 price objective on Pool in a research report on Friday, April 25th. Finally, Robert W. Baird lowered their price objective on Pool from $325.00 to $310.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. 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, Pool has a consensus rating of "Hold" and an average price target of $336.22.

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.