Bath Savings Trust Co Cuts Stake in Pool Co. (NASDAQ:POOL)

Bath Savings Trust Co lessened its holdings in Pool Co. (NASDAQ:POOL) by 23.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,412 shares of the specialty retailer’s stock after selling 440 shares during the quarter. Bath Savings Trust Co’s holdings in Pool were worth $481,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Heritage Family Offices LLP boosted its holdings in Pool by 2.2% in the third quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock valued at $482,000 after purchasing an additional 28 shares during the period. CWM LLC raised its position in Pool by 3.7% in the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock valued at $293,000 after purchasing an additional 28 shares in the last quarter. Aurora Investment Counsel boosted its stake in shares of Pool by 0.6% in the 2nd quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock valued at $1,542,000 after buying an additional 30 shares during the period. Summit Trail Advisors LLC increased its stake in shares of Pool by 4.8% during the second quarter. Summit Trail Advisors LLC now owns 678 shares of the specialty retailer’s stock worth $208,000 after buying an additional 31 shares during the period. Finally, Perennial Investment Advisors LLC increased its stake in shares of Pool by 2.8% during the second quarter. Perennial Investment Advisors LLC now owns 1,219 shares of the specialty retailer’s stock worth $375,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

POOL traded down $0.03 during trading on Tuesday, hitting $332.48. 208,270 shares of the stock were exchanged, compared to its average volume of 320,281. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The stock has a fifty day moving average price of $361.44 and a two-hundred day moving average price of $352.84. The firm has a market capitalization of $12.65 billion, a P/E ratio of 28.61, a PEG ratio of 2.20 and a beta of 1.03.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.50 EPS. As a group, sell-side analysts predict that Pool Co. will post 11.02 earnings per share for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Wednesday, November 13th. Pool’s dividend payout ratio is currently 41.31%.

Analyst Upgrades and Downgrades

Several research analysts have commented on POOL shares. Loop Capital boosted their price target on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a report on Friday. Stifel Nicolaus lifted their price target on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Wells Fargo & Company increased their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Oppenheimer boosted their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Pool currently has an average rating of “Hold” and an average price target of $369.25.

Pool Company Profile

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.