Fenimore Asset Management Inc reduced its position in shares of Pool Co. (NASDAQ:POOL – Free Report) by 0.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 99,864 shares of the specialty retailer’s stock after selling 216 shares during the period. Fenimore Asset Management Inc’s holdings in Pool were worth $34,048,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of Pool in the third quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB acquired a new stake in Pool during the 3rd quarter valued at $60,000. Whittier Trust Co. of Nevada Inc. raised its position in Pool by 101.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 164 shares during the last quarter. Hilltop National Bank boosted its stake in Pool by 18.1% in the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 63 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Pool by 24.8% during the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock worth $151,000 after purchasing an additional 80 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on POOL shares. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research report on Sunday, January 19th. Stifel Nicolaus upped their target price on shares of Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Wells Fargo & Company raised their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Loop Capital upped their price objective on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Finally, Robert W. Baird lifted their target price on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Pool has a consensus rating of “Hold” and a consensus target price of $369.25.
Pool Stock Down 2.3 %
NASDAQ:POOL opened at $353.74 on Friday. The stock’s fifty day simple moving average is $355.69 and its 200-day simple moving average is $355.43. The firm has a market capitalization of $13.46 billion, a P/E ratio of 30.44, a P/E/G ratio of 2.02 and a beta of 1.03. 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 12-month low of $293.51 and a 12-month high of $422.73.
Pool (NASDAQ:POOL – Get Free Report) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a return on equity of 31.89% and a net margin of 8.42%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.50 earnings per share. Equities research analysts expect that Pool Co. will post 11.03 earnings per share for the current year.
Pool Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.36%. The ex-dividend date was Wednesday, November 13th. Pool’s payout ratio is presently 41.31%.
About Pool
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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