Royal London Asset Management Ltd. Acquires 225 Shares of Pool Co. (NASDAQ:POOL)

Royal London Asset Management Ltd. boosted its holdings in Pool Co. (NASDAQ:POOLFree Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,023 shares of the specialty retailer’s stock after purchasing an additional 225 shares during the period. Royal London Asset Management Ltd.’s holdings in Pool were worth $7,186,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Pool during the 4th quarter worth about $28,000. Stuart Chaussee & Associates Inc. lifted its stake in shares of Pool by 250.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock worth $31,000 after buying an additional 55 shares during the last quarter. CVA Family Office LLC acquired a new stake in shares of Pool during the 4th quarter worth about $34,000. Lindbrook Capital LLC lifted its stake in shares of 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 buying an additional 42 shares during the last quarter. Finally, Huntington National Bank lifted its stake in shares of Pool by 96.7% during the 3rd quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after buying an additional 58 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

POOL has been the subject of several analyst reports. 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. TheStreet cut shares of Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Finally, 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. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Pool has a consensus rating of “Hold” and a consensus price target of $391.80.

Check Out Our Latest Research Report on POOL

Pool Price Performance

Shares of NASDAQ:POOL opened at $340.86 on Friday. The firm has a 50 day moving average of $370.65 and a 200-day moving average of $380.09. The stock has a market capitalization of $13.07 billion, a PE ratio of 26.67, a PEG ratio of 3.62 and a beta of 1.02. 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 Co. has a 12 month low of $308.45 and a 12 month high of $422.73.

Pool (NASDAQ:POOLGet Free Report) last issued its 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). The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. Pool’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.46 earnings per share. 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 declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This is a positive change from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a dividend yield of 1.41%. Pool’s payout ratio is 37.56%.

Pool Profile

(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.

Further Reading

Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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