Pinebridge Investments LP increased its holdings in Pool Co. (NASDAQ:POOL – free report ) by 48.5% in the fourth quarter, according to the latest 13F filing with the Securities and Exchange Commission. The firm bought an additional 900 shares during the quarter, giving it a holding of 2,757 shares of the specialty retailer. Pinebridge Investments LP’s holdings in Pool were valued at $1,099,000 as of the latest SEC filing.
Other institutional investors also recently modified their holdings in the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in the pool by 3.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now holds 1,845,204 shares of the specialty retailer’s stock, valued at $657,077,000, after acquiring an additional 63,413 shares during the period. JPMorgan Chase & Co. increased its holdings in the pool by 56.7% in the third quarter. JPMorgan Chase & Co. now holds 865,362 shares of the specialty retailer’s stock, valued at $308,156,000, after acquiring an additional 313,190 shares during the period. Invesco Limited increased its holdings in the pool by 22.0% in the third quarter. Invesco Inc. 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 most recent quarter. William Blair Investment Management Co. increased its holdings in the pool by 10.9% during the third quarter. William Blair Investment Management Co. 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 period. Finally, Northern Trust Co. increased its holdings in the pool by 8.2% during the third quarter. Northern Trust Co. now owns 442,142 shares of the specialty retailer’s stock valued at $157,447,000 after acquiring an additional 33,664 shares during the most recent quarter. Institutional investors hold 98.99% of the company’s shares.
Pool shares fell 1.8%
POOL shares opened trading at $340.86 on Friday. 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.’s 52-week low is $308.45 and its 52-week high is $422.73. The company’s 50-day simple moving average is $370.65 and its 200-day simple moving average is $380.29. The company has a market cap of $13.07 billion, a P/E ratio of 26.67, a price-to-earnings-growth ratio of 3.55 and a beta of 1.02.
Pool (NASDAQ:POOL – Get free report) announced its latest earnings results on Thursday, April 25th. The specialty retailer reported quarterly earnings per share of $1.85, missing analysts’ consensus estimates of $1.87 by ($0.02). The company had quarterly revenue of $1.12 billion, compared to analysts’ estimates of $1.13 billion. Pool had a return on equity of 35.49%, and a net margin of 9.17%. Pool’s quarterly earnings were down 7.1% compared to the same period a year ago. During the same period a year ago, the company posted earnings per share of $2.46. Research analysts on average expect Pool to post earnings per share of $13.02 for the current quarter.
Pool Increases Dividends
The company also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a $1.20 dividend. This works out to an annualized dividend of $4.80, for a dividend yield of 1.41%. The ex-dividend date for this dividend was Wednesday, May 15th. This is a positive change from Pool’s previous quarterly dividend of $1.10. Pool’s dividend payout ratio is currently 37.56%.
What Wall Street analysts are saying
Several research analysts have recently issued reports on POOL shares. Oppenheimer lowered their price target on Pool from $436.00 to $416.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Stifel Nicolaus lowered their price target on Pool from $370.00 to $360.00 and gave the stock a “hold” rating in a report on Monday, April 29th. Finally, TheStreet lowered shares of Pool from a “b” to a “c+” rating in a research report on Thursday, February 22nd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat data, Pool currently has an average rating of “hold” and a consensus price target of $391.80.
Get the latest stock reports on Poole
Pool Profile
(Free report)
Pool Corporation sells swimming pool supplies, equipment and related leisure products in the U.S. and internationally. The company offers maintenance products such as chemicals, supplies and pool accessories; repair and replacement parts for pool equipment such as cleaners, filters, heaters, pumps and lighting; and building materials such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking, tile, hardscape and natural stone for pool installation and remodeling.
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