abrdn plc Has $30.97 Million Holdings in Pool Co. (NASDAQ:POOL)

abrdn plc trimmed its holdings in shares of Pool Co. (NASDAQ:POOL - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,666 shares of the specialty retailer's stock after selling 5,310 shares during the quarter. abrdn plc owned 0.20% of Pool worth $30,966,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in POOL. Vontobel Holding Ltd. raised its holdings in shares of Pool by 4.5% in the third quarter. Vontobel Holding Ltd. now owns 2,298 shares of the specialty retailer's stock valued at $818,000 after acquiring an additional 98 shares in the last quarter. CWM LLC raised its holdings in shares of Pool by 18.6% in the third quarter. CWM LLC now owns 645 shares of the specialty retailer's stock valued at $230,000 after acquiring an additional 101 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Pool by 23.8% in the third quarter. HB Wealth Management LLC now owns 1,153 shares of the specialty retailer's stock valued at $411,000 after acquiring an additional 222 shares in the last quarter. Impact Partnership Wealth LLC bought a new stake in shares of Pool in the third quarter valued at about $43,000. Finally, DAVENPORT & Co LLC raised its holdings in shares of Pool by 0.8% in the third quarter. DAVENPORT & Co LLC now owns 121,151 shares of the specialty retailer's stock valued at $42,943,000 after acquiring an additional 1,012 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on POOL shares. Stifel Nicolaus reiterated a "hold" rating and issued a $370.00 target price on shares of Pool in a research note on Tuesday, March 5th. Loop Capital lowered Pool from a "buy" rating to a "hold" rating and lifted their target price for the company from $380.00 to $415.00 in a research note on Monday, January 8th. TheStreet lowered Pool from a "b" rating to a "c+" rating in a research note on Thursday, February 22nd. Finally, Oppenheimer lifted their target price on Pool from $407.00 to $436.00 and gave the company an "outperform" rating in a research note on Thursday, March 28th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $397.80.

Pool Stock Performance

NASDAQ:POOL traded up $9.11 during trading hours on Tuesday, reaching $374.99. The company had a trading volume of 492,184 shares, compared to its average volume of 318,767. Pool Co. has a 1-year low of $307.77 and a 1-year high of $422.73. The firm has a market cap of $14.43 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 3.35 and a beta of 1.00. The business's 50 day moving average price is $393.61 and its 200-day moving average price is $373.27. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.36 and a quick ratio of 0.58.

Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.02. Pool had a return on equity of 37.94% and a net margin of 9.44%. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the previous year, the company posted $1.79 earnings per share. Pool's revenue for the quarter was down 8.5% on a year-over-year basis. Research analysts forecast that Pool Co. will post 13.3 EPS for the current year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Wednesday, March 13th. Pool's payout ratio is 33.03%.

Insider Buying and Selling

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the company's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $401.00, for a total value of $441,100.00. Following the completion of the sale, the general counsel now directly owns 8,622 shares in the company, valued at approximately $3,457,422. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

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.