Mutual of America Capital Management LLC Has $2.07 Million Stake in Pool Co. (NASDAQ:POOL)

Mutual of America Capital Management LLC trimmed its stake in Pool Co. (NASDAQ:POOL) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,184 shares of the specialty retailer’s stock after selling 288 shares during the period. Mutual of America Capital Management LLC’s holdings in Pool were worth $2,067,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. New York Life Investment Management LLC increased its holdings in Pool by 0.5% in the third quarter. New York Life Investment Management LLC now owns 5,687 shares of the specialty retailer’s stock valued at $2,025,000 after purchasing an additional 30 shares during the period. Cresset Asset Management LLC increased its holdings in Pool by 7.2% in the first quarter. Cresset Asset Management LLC now owns 479 shares of the specialty retailer’s stock valued at $203,000 after purchasing an additional 32 shares during the period. CIBC Asset Management Inc boosted its position in Pool by 0.6% during the first quarter. CIBC Asset Management Inc now owns 5,695 shares of the specialty retailer’s stock valued at $1,950,000 after acquiring an additional 33 shares during the last quarter. Assetmark Inc. boosted its position in Pool by 12.2% during the third quarter. Assetmark Inc. now owns 321 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 35 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in Pool by 39.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 36 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Pool

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the transaction, the general counsel now owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on POOL. 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 upped their price target for the company from $380.00 to $415.00 in a research report on Monday, January 8th. Oppenheimer upped their price target on shares of Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $370.00 price target on shares of Pool in a research report on Tuesday, March 5th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $401.50.

Pool Price Performance

POOL stock opened at $361.13 on Friday. The stock has a market capitalization of $13.90 billion, a PE ratio of 27.11, a price-to-earnings-growth ratio of 3.37 and a beta of 1.00. The company’s 50-day moving average is $394.15 and its 200-day moving average is $372.57. 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 Co. has a 1 year low of $307.77 and a 1 year high of $422.73.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.02. The company had revenue of $1 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Pool had a net margin of 9.44% and a return on equity of 37.94%. The business’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.79 EPS. Equities research analysts expect that Pool Co. will post 13.3 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.40 annualized dividend and a yield of 1.22%. Pool’s payout ratio is 33.03%.

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.