Fenimore Asset Management Inc Sells 216 Shares of Pool Co. (NASDAQ:POOL)

Fenimore Asset Management Inc reduced its position in shares of Pool Co. (NASDAQ:POOLFree 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.

Get Our Latest Research Report on POOL

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:POOLGet 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

(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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