Mackenzie Financial Corp Has $1.05 Million Holdings in Pool Co. (NASDAQ:POOL)

Mackenzie Financial Corp reduced its position in shares of Pool Co. (NASDAQ:POOL) by 13.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,644 shares of the specialty retailer’s stock after selling 408 shares during the quarter. Mackenzie Financial Corp’s holdings in Pool were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC increased its holdings in shares of 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 last quarter. Assetmark Inc. increased its stake in shares of Pool by 12.2% during the third quarter. Assetmark Inc. now owns 321 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 35 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in Pool by 39.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 36 shares in the last quarter. Private Advisor Group LLC increased its position in Pool by 4.5% during the 3rd quarter. Private Advisor Group LLC now owns 882 shares of the specialty retailer’s stock worth $314,000 after buying an additional 38 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of Pool by 48.2% during 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 in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

POOL has been the topic of a number of analyst reports. Stifel Nicolaus restated a “hold” rating and set a $370.00 target price on shares of Pool in a research report on Tuesday, March 5th. TheStreet downgraded Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Oppenheimer lifted their price objective on Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, Loop Capital lowered Pool from a “buy” rating to a “hold” rating and increased their target price 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 MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $397.80.

Insider Transactions at Pool

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool 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 sale, the general counsel now directly owns 8,622 shares in the company, valued at approximately $3,457,422. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.00% of the company’s stock.

Pool Price Performance

Shares of POOL stock opened at $377.39 on Thursday. The business has a fifty day simple moving average of $393.60 and a 200 day simple moving average of $373.55. The company has a market cap of $14.53 billion, a P/E ratio of 28.33, a P/E/G ratio of 3.58 and a beta of 1.00. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77. Pool Co. has a twelve month low of $307.77 and a twelve month high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The company had revenue of $1 billion for the quarter, compared to the consensus estimate 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 last year, the company posted $1.79 EPS. On average, sell-side analysts forecast that Pool Co. will post 13.27 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 1.17%. Pool’s dividend payout ratio is presently 33.03%.

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.