Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Position in Pool Co. (NASDAQ:POOL)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Pool Co. (NASDAQ:POOL) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,936 shares of the specialty retailer’s stock after acquiring an additional 346 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Pool were worth $2,765,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. New York Life Investment Management LLC lifted its position in Pool by 0.5% during 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 last quarter. Assetmark Inc. lifted 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 purchasing an additional 35 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted 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 purchasing an additional 36 shares during the last quarter. Private Advisor Group LLC lifted its position in Pool by 4.5% during the third quarter. Private Advisor Group LLC now owns 882 shares of the specialty retailer’s stock valued at $314,000 after purchasing an additional 38 shares during the last quarter. Finally, Allworth Financial LP lifted its position in Pool by 48.2% during the third quarter. Allworth Financial LP now owns 123 shares of the specialty retailer’s stock valued at $44,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Trading Up 1.3 %

NASDAQ:POOL opened at $365.88 on Tuesday. The company has a fifty day moving average of $394.15 and a 200 day moving average of $373.05. Pool Co. has a 52 week low of $307.77 and a 52 week high of $422.73. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $14.08 billion, a P/E ratio of 27.47, a P/E/G ratio of 3.35 and a beta of 1.00.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. Pool had a net margin of 9.44% and a return on equity of 37.94%. The company had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business posted $1.79 EPS. The firm’s revenue was down 8.5% compared to the same quarter last year. On average, research analysts predict that Pool Co. will post 13.3 earnings per share for the current year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.20%. Pool’s dividend payout ratio is currently 33.03%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on POOL shares. TheStreet lowered shares of Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Stifel Nicolaus restated a “hold” rating and issued a $370.00 price objective on shares of Pool in a report on Tuesday, March 5th. Oppenheimer boosted their price objective on shares of Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Loop Capital lowered shares of Pool from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $380.00 to $415.00 in a report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $397.80.

Insider Activity at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $401.00, for a total transaction of $441,100.00. Following the transaction, the general counsel now directly 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 can be accessed through the SEC website. 3.00% of the stock is currently 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.