Riverview Trust Co Takes $171,000 Position in Pool Co. (NASDAQ:POOL)

Riverview Trust Co purchased a new stake in shares of Pool Co. (NASDAQ:POOLFree Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 424 shares of the specialty retailer’s stock, valued at approximately $171,000.

A number of other hedge funds also recently made changes to their positions in POOL. JPMorgan Chase & Co. raised its holdings in shares of Pool by 56.7% during the third quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock valued at $308,156,000 after buying an additional 313,190 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in Pool by 463.2% during the third quarter. Adage Capital Partners GP L.L.C. now owns 240,623 shares of the specialty retailer’s stock worth $85,686,000 after purchasing an additional 197,900 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Pool by 30,047.2% during the fourth quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock worth $73,322,000 after purchasing an additional 183,288 shares in the last quarter. TD Asset Management Inc raised its holdings in Pool by 585.6% during the fourth quarter. TD Asset Management Inc now owns 183,060 shares of the specialty retailer’s stock worth $72,988,000 after purchasing an additional 156,361 shares in the last quarter. Finally, Norges Bank bought a new stake in Pool during the fourth quarter worth approximately $44,697,000. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 6.7 %

NASDAQ POOL traded down $22.77 on Tuesday, hitting $315.14. 1,387,475 shares of the stock were exchanged, compared to its average volume of 341,967. Pool Co. has a 52-week low of $299.24 and a 52-week high of $422.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 3.52 and a beta of 1.02. The company’s 50-day moving average price is $359.78 and its two-hundred day moving average price is $379.38.

Pool (NASDAQ:POOLGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a return on equity of 35.49% and a net margin of 9.17%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the firm posted $2.46 earnings per share. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. Research analysts predict that Pool Co. will post 13.02 EPS for the current year.

Pool Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were issued a dividend of $1.20 per share. This is a boost from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Wednesday, May 15th. Pool’s payout ratio is currently 37.56%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Oppenheimer dropped their target price on Pool from $416.00 to $356.00 and set an “outperform” rating on the stock in a report on Tuesday. Stifel Nicolaus dropped their target price on Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Robert W. Baird dropped their target price on Pool from $380.00 to $305.00 and set a “neutral” rating on the stock in a report on Tuesday. Wells Fargo & Company dropped their price target on Pool from $360.00 to $290.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Loop Capital dropped their price target on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Pool presently has an average rating of “Hold” and a consensus price target of $328.00.

Check Out Our Latest Report on Pool

Pool Company 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.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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