Pool Co. (NASDAQ:POOL) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its position in shares of Pool Co. (NASDAQ:POOLFree Report) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,692 shares of the specialty retailer’s stock after selling 33 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Pool were worth $1,871,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Pool during the 4th quarter worth $28,000. Stuart Chaussee & Associates Inc. boosted its stake in Pool by 250.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 55 shares during the period. CVA Family Office LLC acquired a new stake in Pool during the 4th quarter valued at $34,000. Lindbrook Capital LLC boosted its position in shares of Pool by 73.7% in the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after buying an additional 42 shares during the period. Finally, Huntington National Bank grew its holdings in shares of Pool by 96.7% during the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 58 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Pool Trading Down 1.9 %

NASDAQ:POOL opened at $354.09 on Wednesday. The company has a market capitalization of $13.57 billion, a P/E ratio of 27.71, a P/E/G ratio of 3.76 and a beta of 1.02. The stock’s 50 day moving average price is $374.20 and its 200 day moving average price is $380.55. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88. Pool Co. has a 52 week low of $308.45 and a 52 week high of $422.73.

Pool (NASDAQ:POOLGet Free Report) 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 business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.46 EPS. On average, research analysts forecast that Pool Co. will post 13.02 EPS for the current fiscal year.

Pool Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Wednesday, May 15th. This is an increase from Pool’s previous quarterly dividend of $1.10. Pool’s dividend payout ratio is 37.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. TheStreet cut Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Oppenheimer lowered their price objective on shares of Pool from $436.00 to $416.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Finally, Stifel Nicolaus cut their target price on shares of Pool from $370.00 to $360.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $391.80.

Check Out Our Latest Stock Analysis on Pool

About Pool

(Free Report)

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.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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