Nippon Life Global Investors Americas Inc. Sells 4,320 Shares of Pool Co. (NASDAQ:POOL)

Nippon Life Global Investors Americas Inc. reduced its holdings in shares of Pool Co. (NASDAQ:POOLGet Rating) by 27.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,380 shares of the specialty retailer’s stock after selling 4,320 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Pool were worth $6,442,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in POOL. LPL Financial LLC raised its position in Pool by 13.4% in the third quarter. LPL Financial LLC now owns 10,902 shares of the specialty retailer’s stock valued at $4,736,000 after purchasing an additional 1,287 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in Pool by 3.5% in the third quarter. UBS Asset Management Americas Inc. now owns 196,823 shares of the specialty retailer’s stock valued at $85,502,000 after purchasing an additional 6,567 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Pool by 6.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,504 shares of the specialty retailer’s stock valued at $4,813,000 after purchasing an additional 530 shares during the last quarter. Benjamin Edwards Inc. increased its stake in shares of Pool by 351.0% in the fourth quarter. Benjamin Edwards Inc. now owns 663 shares of the specialty retailer’s stock valued at $375,000 after buying an additional 516 shares during the period. Finally, Private Trust Co. NA increased its stake in shares of Pool by 101.8% in the fourth quarter. Private Trust Co. NA now owns 2,002 shares of the specialty retailer’s stock valued at $1,133,000 after buying an additional 1,010 shares during the period. Institutional investors and hedge funds own 91.88% of the company’s stock.

Shares of POOL stock traded up $12.12 during trading hours on Friday, reaching $405.58. The company had a trading volume of 826,847 shares, compared to its average volume of 428,835. Pool Co. has a 12 month low of $377.52 and a 12 month high of $582.27. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.50 and a quick ratio of 0.79. The business has a fifty day simple moving average of $425.31 and a 200-day simple moving average of $479.49. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 2.13 and a beta of 0.87.

Pool (NASDAQ:POOLGet Rating) last posted its earnings results on Thursday, April 21st. The specialty retailer reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $1.30. Pool had a return on equity of 69.76% and a net margin of 12.95%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the company earned $2.42 earnings per share. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. On average, equities research analysts expect that Pool Co. will post 18.51 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Monday, May 16th will be issued a dividend of $1.00 per share. This is a positive change from Pool’s previous quarterly dividend of $0.80. This represents a $4.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, May 13th. Pool’s dividend payout ratio (DPR) is 22.26%.

In related news, CEO Peter D. Arvan purchased 500 shares of Pool stock in a transaction dated Wednesday, May 18th. The stock was bought at an average cost of $387.08 per share, for a total transaction of $193,540.00. Following the completion of the transaction, the chief executive officer now owns 61,825 shares in the company, valued at $23,931,221. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martha S. Gervasi bought 300 shares of Pool stock in a transaction that occurred on Friday, May 6th. The shares were acquired at an average price of $391.86 per share, with a total value of $117,558.00. Following the completion of the transaction, the director now owns 808 shares of the company’s stock, valued at $316,622.88. The disclosure for this purchase can be found here. Company insiders own 3.00% of the company’s stock.

Several equities research analysts have recently weighed in on the company. Loop Capital increased their price target on Pool from $455.00 to $465.00 and gave the company a “hold” rating in a research note on Friday, April 22nd. StockNews.com initiated coverage on Pool in a research note on Thursday, March 31st. They set a “hold” rating for the company. Stifel Nicolaus initiated coverage on Pool in a research note on Monday, April 4th. They set a “buy” rating and a $485.00 target price for the company. TheStreet cut Pool from a “b” rating to a “c+” rating in a research note on Thursday, April 21st. Finally, Edward Jones assumed coverage on Pool in a research note on Tuesday, April 12th. They set a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $539.22.

Pool Company Profile (Get Rating)

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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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