Bath Savings Trust Co Lowers Holdings in Pool Co. (NASDAQ:POOL)

Bath Savings Trust Co cut its holdings in Pool Co. (NASDAQ:POOLFree Report) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,845 shares of the specialty retailer’s stock after selling 1,571 shares during the period. Bath Savings Trust Co’s holdings in Pool were worth $2,729,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in POOL. Clear Street Markets LLC increased its stake in Pool by 94.9% in the 1st quarter. Clear Street Markets LLC now owns 76 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 37 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in Pool in the 3rd quarter worth approximately $33,000. West Tower Group LLC bought a new stake in Pool in the 2nd quarter worth approximately $34,000. Huntington National Bank increased its stake in Pool by 96.7% in the 3rd quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 58 shares during the last quarter. Finally, Impact Partnership Wealth LLC bought a new stake in Pool in the 3rd quarter worth approximately $43,000. Institutional investors own 98.99% of the company’s stock.

Pool Price Performance

Shares of POOL stock opened at $399.31 on Friday. Pool Co. has a twelve month low of $307.77 and a twelve month high of $422.73. The stock has a market capitalization of $15.45 billion, a price-to-earnings ratio of 29.98, a P/E/G ratio of 3.76 and a beta of 1.01. The stock has a fifty day simple moving average of $388.48 and a two-hundred day simple moving average of $365.50. The company has a current ratio of 2.36, a quick ratio of 0.58 and a debt-to-equity ratio of 0.77.

Pool (NASDAQ:POOLGet Free Report) last issued its earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.02. Pool had a return on equity of 37.94% and a net margin of 9.44%. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the business earned $1.79 EPS. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, analysts predict that Pool Co. will post 13.3 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, March 13th. Pool’s dividend payout ratio is 33.03%.

Analyst Ratings Changes

POOL has been the topic of several analyst reports. Wells Fargo & Company initiated coverage on Pool in a research report on Tuesday, December 19th. They set an “equal weight” rating and a $400.00 target price on the stock. TheStreet downgraded Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Loop Capital downgraded Pool from a “buy” rating to a “hold” rating and boosted their target price for the company from $380.00 to $415.00 in a research report on Monday, January 8th. Oppenheimer boosted their price objective on Pool from $370.00 to $407.00 and gave the company an “outperform” rating in a report on Monday, February 26th. Finally, Stifel Nicolaus restated a “hold” rating and set a $370.00 price objective on shares of Pool in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Pool has a consensus rating of “Hold” and an average price target of $385.00.

View Our Latest Stock Analysis on POOL

Insiders Place Their Bets

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the sale, the general counsel now directly owns 8,622 shares in the company, valued at approximately $3,457,422. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.00% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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