Pool Co. (NASDAQ:POOL) Holdings Trimmed by American Century Companies Inc.

American Century Companies Inc. reduced its holdings in shares of Pool Co. (NASDAQ:POOL - Free Report) by 20.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 470,234 shares of the specialty retailer's stock after selling 121,439 shares during the quarter. American Century Companies Inc. owned approximately 1.24% of Pool worth $160,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Berkshire Hathaway Inc acquired a new position in Pool in the 3rd quarter valued at about $152,249,000. Raymond James Financial Inc. purchased a new position in shares of Pool during the fourth quarter valued at approximately $116,833,000. JPMorgan Chase & Co. grew its stake in Pool by 22.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer's stock worth $474,886,000 after acquiring an additional 232,914 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in Pool in the 3rd quarter valued at $40,750,000. Finally, Parnassus Investments LLC lifted its stake in shares of Pool by 33.9% during the 4th quarter. Parnassus Investments LLC now owns 274,165 shares of the specialty retailer's stock worth $93,474,000 after purchasing an additional 69,435 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

Insider Transactions at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the transaction, the director now owns 62,577 shares of the company's stock, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.00% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently commented on POOL. Wells Fargo & Company dropped their target price on Pool from $370.00 to $360.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. StockNews.com cut shares of Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Two 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. According to data from MarketBeat, Pool presently has an average rating of "Hold" and a consensus target price of $368.00.

Pool Stock Down 0.8 %

POOL traded down $2.75 on Thursday, reaching $324.18. The company's stock had a trading volume of 333,049 shares, compared to its average volume of 363,529. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. Pool Co. has a 1 year low of $293.51 and a 1 year high of $415.05. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The business's 50 day moving average is $341.29 and its 200 day moving average is $353.72.

Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. Pool had a return on equity of 31.11% and a net margin of 8.18%. The firm had revenue of $987.48 million during the quarter, compared to analyst estimates of $961.04 million. As a group, research analysts forecast that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool's dividend payout ratio (DPR) is 42.55%.

Pool 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.