UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $95.91 Million Position in Pool Co. (NASDAQ:POOL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Pool Co. (NASDAQ:POOL - Free Report) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,302 shares of the specialty retailer's stock after buying an additional 20,969 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.74% of Pool worth $95,907,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Rakuten Securities Inc. boosted 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 purchasing an additional 69 shares during the last quarter. Atala Financial Inc acquired a new stake in shares of Pool in the fourth quarter valued at approximately $29,000. Sierra Ocean LLC acquired a new stake in shares of Pool in the fourth quarter valued at approximately $30,000. FWL Investment Management LLC acquired a new stake in shares of Pool in the fourth quarter valued at approximately $39,000. Finally, Private Trust Co. NA lifted its position in shares of Pool by 76.9% in the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer's stock valued at $47,000 after buying an additional 60 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on POOL. Stephens dropped their price target on Pool from $400.00 to $350.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Robert W. Baird reduced their target price on shares of Pool from $325.00 to $310.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company set a $300.00 target price on shares of Pool in a research report on Friday, April 25th. Oppenheimer reduced their target price on shares of Pool from $370.00 to $322.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Pool in a research report on Tuesday, April 1st. They issued a "hold" rating and a $344.00 target price for the company. Two research 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 stock has an average rating of "Hold" and an average target price of $336.22.

Insider Buying and Selling

In other Pool news, SVP Jennifer M. Neil sold 1,223 shares of Pool stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $315.00, for a total transaction 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. The trade was a 11.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

Pool Price Performance

Pool stock traded down $0.76 during mid-day trading on Tuesday, reaching $301.53. 633,368 shares of the company were exchanged, compared to its average volume of 401,205. Pool Co. has a 12 month low of $284.28 and a 12 month high of $395.60. The company has a fifty day simple moving average of $308.19 and a 200-day simple moving average of $335.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The firm has a market cap of $11.34 billion, a PE ratio of 26.73, a PEG ratio of 2.03 and a beta of 1.20.

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

Pool Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a dividend of $1.25 per share. 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 1.66%. This is a positive change from Pool's previous quarterly dividend of $1.20. Pool's payout ratio is currently 46.90%.

Pool declared that its Board of Directors has approved a stock buyback program on Wednesday, April 30th that authorizes the company to buyback $600.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are 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.