Abacus FCF Advisors LLC Has $874,000 Holdings in Pool Co. (NASDAQ:POOL)

Abacus FCF Advisors LLC decreased its stake in Pool Co. (NASDAQ:POOL - Free Report) by 48.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,744 shares of the specialty retailer's stock after selling 2,594 shares during the quarter. Abacus FCF Advisors LLC's holdings in Pool were worth $874,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Pool by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,443,451 shares of the specialty retailer's stock worth $1,514,950,000 after acquiring an additional 21,870 shares during the last quarter. Wellington Management Group LLP raised its holdings 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 worth $355,435,000 after buying an additional 224,674 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Pool by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 977,862 shares of the specialty retailer's stock valued at $332,566,000 after buying an additional 13,519 shares during the period. Invesco Ltd. lifted its position in Pool by 6.2% in 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. Finally, Pictet Asset Management Holding SA boosted its stake in Pool by 25.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 636,007 shares of the specialty retailer's stock worth $216,840,000 after purchasing an additional 129,780 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

POOL has been the topic of several recent research reports. Wells Fargo & Company set a $300.00 price target on Pool in a research note on Friday, April 25th. Oppenheimer cut their target price on Pool from $370.00 to $322.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pool in a research note on Tuesday, April 1st. They set a "hold" rating and a $344.00 price target for the company. Stephens reduced their target price on shares of Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Robert W. Baird lowered their price target on shares of Pool from $325.00 to $310.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $336.22.

Insiders Place Their Bets

In other Pool news, 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 completion of the sale, the senior vice president now owns 9,667 shares in the company, valued at $3,045,105. The trade was a 11.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company's stock.

Pool Stock Performance

Pool stock traded down $4.15 during midday trading on Thursday, reaching $295.83. 568,833 shares of the company's stock were exchanged, compared to its average volume of 476,700. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. The stock's 50-day simple moving average is $303.72 and its 200 day simple moving average is $330.96. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 2.03 and a beta of 1.12. Pool Co. has a 52 week low of $284.27 and a 52 week high of $395.60.

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 for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. The firm's revenue was down 4.4% compared to the same quarter last year. On average, analysts expect that Pool Co. will post 11.32 earnings per share for the current fiscal year.

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 issued a dividend of $1.25 per share. This is a boost from Pool's previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a yield of 1.69%. The ex-dividend date was Thursday, May 15th. Pool's dividend payout ratio (DPR) is presently 46.90%.

Pool announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 30th that authorizes the company to repurchase $600.00 million in shares. This repurchase authorization authorizes the specialty retailer to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

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.