Flputnam Investment Management Co. Sells 1,076 Shares of Pool Co. (NASDAQ:POOL)

Flputnam Investment Management Co. reduced its holdings in shares of Pool Co. (NASDAQ:POOL) by 18.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,614 shares of the specialty retailer’s stock after selling 1,076 shares during the period. Flputnam Investment Management Co.’s holdings in Pool were worth $1,840,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. New York Life Investment Management LLC raised its position in Pool by 0.5% during the 3rd quarter. New York Life Investment Management LLC now owns 5,687 shares of the specialty retailer’s stock valued at $2,025,000 after purchasing an additional 30 shares in the last quarter. Cresset Asset Management LLC increased its holdings in shares of Pool by 7.2% in the 1st quarter. Cresset Asset Management LLC now owns 479 shares of the specialty retailer’s stock valued at $203,000 after acquiring an additional 32 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Pool by 0.6% in the 1st quarter. CIBC Asset Management Inc now owns 5,695 shares of the specialty retailer’s stock valued at $1,950,000 after acquiring an additional 33 shares during the period. Assetmark Inc. increased its holdings in shares of Pool by 12.2% in the 3rd quarter. Assetmark Inc. now owns 321 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 35 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Pool by 39.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 36 shares during the period. 98.99% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Oppenheimer lifted their price target on Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. TheStreet downgraded Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Wells Fargo & Company started coverage on Pool in a research note on Tuesday, December 19th. They set an “equal weight” rating and a $400.00 target price on the stock. Loop Capital downgraded Pool from a “buy” rating to a “hold” rating and boosted their target price for the stock from $380.00 to $415.00 in a research note on Monday, January 8th. Finally, Stifel Nicolaus restated a “hold” rating and set a $370.00 target price on shares of Pool in a research note on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $388.63.

Insider Buying and Selling

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $401.00, for a total value of $441,100.00. Following the completion of the transaction, the general counsel now owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by insiders.

Pool Stock Down 1.0 %

Pool stock opened at $369.98 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.58 and a current ratio of 2.36. The business’s 50-day simple moving average is $395.49 and its two-hundred day simple moving average is $372.61. The company has a market cap of $14.24 billion, a PE ratio of 27.78, a PEG ratio of 3.47 and a beta of 1.00. Pool Co. has a fifty-two week low of $307.77 and a fifty-two week high of $422.73.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.02. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.79 EPS. Equities analysts anticipate that Pool Co. will post 13.3 EPS for the current year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.19%. Pool’s payout ratio is 33.03%.

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.