Pool Co. (NASDAQ:POOL) Stock Holdings Lowered by Logan Capital Management Inc.

Logan Capital Management Inc. decreased its holdings in Pool Co. (NASDAQ:POOL) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,206 shares of the specialty retailer’s stock after selling 1,428 shares during the quarter. Logan Capital Management Inc.’s holdings in Pool were worth $7,571,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Rakuten Securities Inc. grew its holdings in shares of Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 69 shares during the last quarter. Atala Financial Inc acquired a new stake in Pool during the 4th quarter worth about $29,000. Sierra Ocean LLC purchased a new stake in Pool during the fourth quarter valued at about $30,000. FWL Investment Management LLC purchased a new position in shares of Pool in the fourth quarter worth approximately $39,000. Finally, Private Trust Co. NA lifted its position in shares of Pool by 76.9% in the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

Shares of Pool stock opened at $301.92 on Monday. The business has a 50-day moving average price of $314.28 and a two-hundred day moving average price of $339.77. Pool Co. has a 1-year low of $284.28 and a 1-year high of $395.60. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The company has a market cap of $11.35 billion, a P/E ratio of 26.77, a PEG ratio of 2.03 and a beta of 1.20.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.10). Pool had a return on equity of 31.11% and a net margin of 8.18%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the company earned $1.85 EPS. Pool’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, analysts anticipate that Pool Co. will post 11.32 EPS for the current year.

Pool declared that its board has authorized a share repurchase plan on Wednesday, April 30th that allows the company to repurchase $600.00 million in shares. This repurchase authorization allows the specialty retailer to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Pool Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 15th will be given a $1.25 dividend. This is a boost from Pool’s previous quarterly dividend of $1.20. The ex-dividend date is Thursday, May 15th. This represents a $5.00 annualized dividend and a yield of 1.66%. Pool’s dividend payout ratio (DPR) is presently 46.90%.

Insider Buying and Selling

In related news, SVP Jennifer M. Neil sold 1,223 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $315.00, for a total value of $385,245.00. Following the transaction, the senior vice president now owns 9,667 shares in the company, valued at approximately $3,045,105. This represents a 11.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the sale, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. The trade was a 13.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

POOL has been the subject of a number of research analyst reports. Oppenheimer cut their target price on shares of Pool from $370.00 to $322.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Robert W. Baird cut their price target on shares of Pool from $325.00 to $310.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft began coverage on Pool in a research note on Tuesday, April 1st. They issued a “hold” rating and a $344.00 price objective on the stock. Stephens cut their target price on Pool from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Finally, Wells Fargo & Company set a $300.00 price target on Pool in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $336.22.

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.