Federated Hermes Inc. Has $57,000 Stock Holdings in Pool Co. (NASDAQ:POOL)

Federated Hermes Inc. reduced its stake in Pool Co. (NASDAQ:POOL) by 18.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143 shares of the specialty retailer’s stock after selling 33 shares during the period. Federated Hermes Inc.’s holdings in Pool were worth $57,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in Pool in the 4th quarter valued at about $28,000. CVA Family Office LLC acquired a new position in shares of Pool in the fourth quarter valued at approximately $34,000. Huntington National Bank increased its stake in shares of Pool by 96.7% during the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 58 shares during the period. Allworth Financial LP lifted its holdings in Pool by 48.2% during the 3rd quarter. Allworth Financial LP now owns 123 shares of the specialty retailer’s stock worth $44,000 after purchasing an additional 40 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake 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 purchasing an additional 36 shares during the period. 98.99% of the stock is owned by institutional investors.

Insider Activity at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by insiders.

Pool Stock Performance

Shares of POOL opened at $370.77 on Tuesday. The stock has a 50-day moving average of $390.24 and a 200-day moving average of $375.02. Pool Co. has a one year low of $307.77 and a one year high of $422.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. The company has a market cap of $14.21 billion, a PE ratio of 29.01, a P/E/G ratio of 3.80 and a beta of 1.01.

Pool (NASDAQ:POOL) last released its quarterly earnings data 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 net margin of 9.17% and a return on equity of 35.49%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the firm earned $2.46 EPS. The company’s revenue was down 7.1% compared to the same quarter last year. On average, equities research analysts predict that Pool Co. will post 13.02 EPS for the current fiscal year.

Pool Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Wednesday, May 15th. This is a positive change from Pool’s previous quarterly dividend of $1.10. Pool’s dividend payout ratio (DPR) is currently 34.43%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on POOL. Oppenheimer dropped their price target on shares of Pool from $436.00 to $416.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Stifel Nicolaus reduced their price objective on Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. TheStreet cut shares of Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Finally, Loop Capital downgraded shares of Pool from a “buy” rating to a “hold” rating and increased their price objective for the company from $380.00 to $415.00 in a research note on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Pool currently has a consensus rating of “Hold” and an average target price 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.