Handelsbanken Fonder AB cut its stake in shares of Pool Co. (NASDAQ:POOL) by 9.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 296,098 shares of the specialty retailer’s stock after selling 31,000 shares during the period. Pool comprises approximately 0.7% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 25th largest holding. Handelsbanken Fonder AB owned 0.74% of Pool worth $110,297,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of the business. BlackRock Inc. lifted its stake in Pool by 3.5% during the 4th quarter. BlackRock Inc. now owns 3,917,702 shares of the specialty retailer’s stock valued at $1,459,345,000 after acquiring an additional 133,509 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Pool by 0.7% during the 4th quarter. Wells Fargo & Company MN now owns 568,474 shares of the specialty retailer’s stock valued at $211,757,000 after acquiring an additional 3,821 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Pool by 57.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 558,038 shares of the specialty retailer’s stock valued at $186,686,000 after acquiring an additional 204,633 shares in the last quarter. Swedbank lifted its stake in Pool by 18.3% during the 4th quarter. Swedbank now owns 424,697 shares of the specialty retailer’s stock valued at $155,983,000 after acquiring an additional 65,697 shares in the last quarter. Finally, Blair William & Co. IL increased its position in shares of Pool by 13.2% during the 4th quarter. Blair William & Co. IL now owns 410,840 shares of the specialty retailer’s stock valued at $153,038,000 after purchasing an additional 47,869 shares during the last quarter. Institutional investors and hedge funds own 90.62% of the company’s stock.
POOL traded up $4.59 during trading hours on Monday, hitting $334.81. The stock had a trading volume of 2,250 shares, compared to its average volume of 394,937. The company’s fifty day simple moving average is $347.18 and its 200 day simple moving average is $343.10. Pool Co. has a 1 year low of $160.35 and a 1 year high of $401.29. The stock has a market cap of $13.47 billion, a PE ratio of 41.03 and a beta of 0.72. The company has a quick ratio of 0.94, a current ratio of 2.21 and a debt-to-equity ratio of 0.56.
Pool (NASDAQ:POOL) last announced its quarterly earnings data on Wednesday, February 10th. The specialty retailer reported $1.45 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.68. Pool had a return on equity of 70.48% and a net margin of 8.85%. As a group, equities analysts expect that Pool Co. will post 8.43 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th will be paid a $0.58 dividend. The ex-dividend date of this dividend is Wednesday, March 10th. This represents a $2.32 annualized dividend and a yield of 0.69%. Pool’s dividend payout ratio is currently 39.79%.
Several equities research analysts have recently issued reports on the company. Jefferies Financial Group raised their target price on Pool from $350.00 to $400.00 and gave the company a “hold” rating in a research report on Friday, January 15th. Stephens assumed coverage on Pool in a research report on Wednesday, November 11th. They set an “equal weight” rating for the company. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $302.67.
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; fiberglass pools, and spas and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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