New York Life Investment Management LLC Decreases Stock Position in Pool Co. (NASDAQ:POOL)

New York Life Investment Management LLC cut its holdings in Pool Co. (NASDAQ:POOL) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,595 shares of the specialty retailer’s stock after selling 92 shares during the period. New York Life Investment Management LLC’s holdings in Pool were worth $2,231,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC raised its stake in Pool by 3.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,845,204 shares of the specialty retailer’s stock valued at $657,077,000 after purchasing an additional 63,413 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Pool by 56.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock valued at $308,156,000 after purchasing an additional 313,190 shares during the last quarter. Blair William & Co. IL raised its stake in Pool by 1.6% in the 3rd quarter. Blair William & Co. IL now owns 777,707 shares of the specialty retailer’s stock valued at $276,941,000 after purchasing an additional 12,389 shares during the last quarter. Invesco Ltd. raised its stake in Pool by 22.0% in the 3rd quarter. Invesco Ltd. now owns 634,329 shares of the specialty retailer’s stock valued at $225,885,000 after purchasing an additional 114,298 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in Pool by 10.9% in the 3rd quarter. William Blair Investment Management LLC now owns 606,678 shares of the specialty retailer’s stock valued at $216,038,000 after purchasing an additional 59,757 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $401.00, for a total value of $441,100.00. Following the sale, the general counsel now directly owns 8,622 shares in the company, valued at $3,457,422. The transaction 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 Stock Up 1.7 %

NASDAQ POOL opened at $370.77 on Tuesday. The stock 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 Co. has a fifty-two week low of $307.77 and a fifty-two week high of $422.73. The business has a 50 day moving average price of $390.24 and a two-hundred day moving average price of $375.02. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The firm’s revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.46 EPS. As a group, sell-side 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. Shareholders of record on Thursday, May 16th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.29%. This is a boost from Pool’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, May 15th. Pool’s dividend payout ratio (DPR) is presently 34.43%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. TheStreet downgraded shares of Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Stifel Nicolaus dropped their price objective on shares of Pool from $370.00 to $360.00 and set a “hold” rating for the company in a research note on Monday, April 29th. Oppenheimer dropped their price objective on shares of Pool from $436.00 to $416.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Finally, Loop Capital downgraded shares of Pool from a “buy” rating to a “hold” rating and upped their price objective for the company from $380.00 to $415.00 in a research note on Monday, January 8th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Pool currently has an average rating of “Hold” and a consensus target price of $391.80.

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.