Amalgamated Bank Has $6.87 Million Stock Position in Pool Co. (NASDAQ:POOL)

Amalgamated Bank lifted its position in shares of Pool Co. (NASDAQ:POOLGet Rating) by 1.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,253 shares of the specialty retailer’s stock after buying an additional 254 shares during the quarter. Amalgamated Bank’s holdings in Pool were worth $6,873,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Rafferty Asset Management LLC bought a new position in shares of Pool in the fourth quarter worth $237,000. Private Advisor Group LLC increased its position in shares of Pool by 1.9% in the fourth quarter. Private Advisor Group LLC now owns 7,299 shares of the specialty retailer’s stock worth $4,131,000 after purchasing an additional 136 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Pool by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 317,669 shares of the specialty retailer’s stock worth $179,801,000 after purchasing an additional 5,890 shares during the period. Renaissance Technologies LLC increased its position in shares of Pool by 163.3% in the fourth quarter. Renaissance Technologies LLC now owns 85,936 shares of the specialty retailer’s stock worth $48,640,000 after purchasing an additional 53,300 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Pool by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 805,479 shares of the specialty retailer’s stock worth $454,829,000 after purchasing an additional 14,220 shares during the period. Institutional investors and hedge funds own 98.92% of the company’s stock.

Insider Activity

In related news, CFO Hart Melanie Housey sold 2,500 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $384.01, for a total value of $960,025.00. Following the sale, the chief financial officer now owns 10,721 shares in the company, valued at approximately $4,116,971.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

Pool Stock Performance

Shares of Pool stock opened at $331.63 on Monday. The company has a quick ratio of 1.00, a current ratio of 2.77 and a debt-to-equity ratio of 1.28. Pool Co. has a twelve month low of $322.88 and a twelve month high of $582.27. The stock has a market cap of $13.13 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 1.79 and a beta of 0.88. The company’s fifty day moving average is $362.18 and its 200 day moving average is $391.77.

Pool (NASDAQ:POOLGet Rating) last released its earnings results on Thursday, July 21st. The specialty retailer reported $7.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.40 by $0.19. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.13 billion. Pool had a net margin of 13.17% and a return on equity of 68.34%. Pool’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.37 earnings per share. Sell-side analysts forecast that Pool Co. will post 18.5 EPS for the current year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were issued a dividend of $1.00 per share. The ex-dividend date was Wednesday, August 10th. This represents a $4.00 annualized dividend and a dividend yield of 1.21%. Pool’s dividend payout ratio is currently 20.80%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. KeyCorp decreased their price target on Pool from $570.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, July 28th. Jefferies Financial Group decreased their price target on shares of Pool from $485.00 to $400.00 in a report on Tuesday, June 14th. The Goldman Sachs Group cut their target price on shares of Pool from $560.00 to $450.00 and set a “buy” rating on the stock in a research report on Thursday, June 23rd. Robert W. Baird cut shares of Pool from an “outperform” rating to a “neutral” rating and set a $398.00 target price on the stock. in a research note on Thursday, July 14th. Finally, TheStreet raised shares of Pool from a “c+” rating to a “b” rating in a research note on Thursday, June 2nd. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and an average price target of $446.80.

Pool Profile

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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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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