Allspring Global Investments Holdings LLC Acquires 603 Shares of Pool Co. (NASDAQ:POOL)

Allspring Global Investments Holdings LLC increased its holdings in shares of Pool Co. (NASDAQ:POOL) by 25.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,991 shares of the specialty retailer’s stock after acquiring an additional 603 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Pool were worth $1,193,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of POOL. CVA Family Office LLC purchased a new position in Pool in the fourth quarter worth about $34,000. Huntington National Bank raised its holdings in Pool by 96.7% in the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after buying an additional 58 shares during the last quarter. Impact Partnership Wealth LLC purchased a new position in Pool in the third quarter worth about $43,000. Allworth Financial LP raised its holdings in Pool by 48.2% in the third quarter. Allworth Financial LP now owns 123 shares of the specialty retailer’s stock worth $44,000 after buying an additional 40 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its holdings in Pool by 39.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the specialty retailer’s stock worth $51,000 after buying an additional 36 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Up 2.5 %

POOL opened at $374.99 on Wednesday. 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 50 day moving average price of $393.61 and a 200-day moving average price of $373.27. Pool Co. has a twelve month low of $307.77 and a twelve month high of $422.73. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 3.35 and a beta of 1.00.

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

Pool Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a yield of 1.17%. Pool’s dividend payout ratio (DPR) is 33.03%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Oppenheimer lifted their target price on shares of Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. TheStreet cut shares of Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Stifel Nicolaus reissued a “hold” rating and set a $370.00 price objective on shares of Pool in a report on Tuesday, March 5th. Finally, Loop Capital cut shares of Pool from a “buy” rating to a “hold” rating and boosted their price objective for the company 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 assigned a buy rating to the stock. Based on data from MarketBeat, Pool has a consensus rating of “Hold” and a consensus price target of $397.80.

Insider Activity at Pool

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the general counsel now directly owns 8,622 shares in the company, valued at $3,457,422. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.00% of the stock is currently 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.