New York State Common Retirement Fund Has $14.81 Million Position in Pool Co. (NASDAQ:POOL)

New York State Common Retirement Fund lessened its stake in shares of Pool Co. (NASDAQ:POOL - Free Report) by 8.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,140 shares of the specialty retailer's stock after selling 3,340 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of Pool worth $14,808,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Nordea Investment Management AB grew its position in Pool by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 49,129 shares of the specialty retailer's stock worth $19,720,000 after buying an additional 4,877 shares during the last quarter. James Hambro & Partners grew its position in Pool by 21.4% in the fourth quarter. James Hambro & Partners now owns 189,479 shares of the specialty retailer's stock worth $75,573,000 after buying an additional 33,402 shares during the last quarter. International Assets Investment Management LLC grew its position in Pool by 30,047.2% in the fourth quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer's stock worth $73,322,000 after buying an additional 183,288 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Pool by 394.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 4,556 shares of the specialty retailer's stock worth $1,817,000 after buying an additional 3,635 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new position in Pool in the 4th quarter worth approximately $4,329,000. Institutional investors and hedge funds own 98.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Pool from $370.00 to $360.00 and set a "hold" rating on the stock in a research report on Monday. TheStreet cut shares of Pool from a "b" rating to a "c+" rating in a research report on Thursday, February 22nd. Loop Capital cut shares of Pool from a "buy" rating to a "hold" rating and boosted their price target for the company from $380.00 to $415.00 in a report on Monday, January 8th. Finally, Oppenheimer lowered their price target on shares of Pool from $436.00 to $416.00 and set an "outperform" rating on the stock in a report on Monday. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Pool presently has a consensus rating of "Hold" and an average price target of $391.80.

Pool Stock Performance

Pool stock traded down $7.08 on Tuesday, reaching $362.53. 453,240 shares of the stock were exchanged, compared to its average volume of 334,334. The stock has a market cap of $13.95 billion, a PE ratio of 28.92, a PEG ratio of 3.54 and a beta of 1.00. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. Pool Co. has a twelve month low of $307.77 and a twelve month high of $422.73. The firm has a fifty day moving average price of $392.43 and a two-hundred day moving average price of $374.24.

Pool (NASDAQ:POOL - Get Free Report) last released its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts' consensus estimates of $1.87 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The firm's revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 EPS. Sell-side analysts anticipate that Pool Co. will post 13.26 EPS for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Wednesday, March 13th. Pool's dividend payout ratio is currently 34.43%.

Insider Activity

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

About Pool

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.