New York State Common Retirement Fund Trims Stock Holdings in Pool Co. (NASDAQ:POOL)

New York State Common Retirement Fund reduced its holdings in shares of Pool Co. (NASDAQ:POOL) by 8.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 37,140 shares of the specialty retailer’s stock after selling 3,340 shares during the quarter. New York State Common Retirement Fund’s holdings in Pool were worth $14,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Telemus Capital LLC grew its holdings in Pool by 17.7% during the 4th quarter. Telemus Capital LLC now owns 11,972 shares of the specialty retailer’s stock valued at $4,773,000 after buying an additional 1,799 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Pool by 73.7% during the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 42 shares during the period. CNB Bank purchased a new stake in Pool in the 4th quarter worth approximately $220,000. Litman Gregory Wealth Management LLC boosted its holdings in Pool by 14.7% in the 4th quarter. Litman Gregory Wealth Management LLC now owns 9,379 shares of the specialty retailer’s stock valued at $3,740,000 after purchasing an additional 1,200 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of Pool by 4.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,173 shares of the specialty retailer’s stock valued at $2,063,000 after purchasing an additional 224 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Pool Stock Performance

Shares of NASDAQ POOL opened at $369.61 on Tuesday. The stock’s 50-day moving average is $392.43 and its 200 day moving average is $374.24. The stock has a market cap of $14.23 billion, a price-to-earnings ratio of 28.92, a P/E/G ratio of 3.54 and a beta of 1.00. Pool Co. has a 1-year low of $307.77 and a 1-year high of $422.73. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a return on equity of 35.49% and a net margin of 9.17%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the business posted $2.46 earnings per share. The company’s revenue was down 7.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Pool Co. will post 13.26 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 1.19%. Pool’s payout ratio is 34.43%.

Insider Buying and Selling at Pool

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool stock in a transaction dated Friday, March 1st. The stock was 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 in the company, valued at $3,457,422. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on POOL. Loop Capital lowered Pool from a “buy” rating to a “hold” rating and lifted their price objective for the company from $380.00 to $415.00 in a research note on Monday, January 8th. Stifel Nicolaus decreased their price objective on shares of Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a research report on Monday. TheStreet downgraded shares of Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Finally, Oppenheimer cut their price target on shares of Pool from $436.00 to $416.00 and set an “outperform” rating for the company in a research note on Monday. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $391.80.

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.