JGP Wealth Management LLC Buys 1,587 Shares of Pool Co. (NASDAQ:POOL)

JGP Wealth Management LLC boosted its stake in shares of Pool Co. (NASDAQ:POOL - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,027 shares of the specialty retailer's stock after purchasing an additional 1,587 shares during the period. Pool comprises 1.5% of JGP Wealth Management LLC's portfolio, making the stock its 22nd largest holding. JGP Wealth Management LLC owned about 0.09% of Pool worth $11,601,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its position in Pool by 115.7% in the second quarter. Acadian Asset Management LLC now owns 908 shares of the specialty retailer's stock worth $277,000 after purchasing an additional 487 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Pool by 8.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 296,063 shares of the specialty retailer's stock valued at $90,992,000 after buying an additional 23,396 shares in the last quarter. Argent Trust Co increased its holdings in Pool by 5.0% in the 2nd quarter. Argent Trust Co now owns 1,317 shares of the specialty retailer's stock worth $405,000 after acquiring an additional 63 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Pool by 7.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,217 shares of the specialty retailer's stock worth $376,000 after acquiring an additional 84 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Pool by 9.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,944 shares of the specialty retailer's stock worth $883,000 after purchasing an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. StockNews.com raised shares of Pool from a "sell" rating to a "hold" rating in a report on Saturday, January 11th. Robert W. Baird increased their target price on Pool from $377.00 to $408.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 16th. Stifel Nicolaus boosted their price target on Pool from $335.00 to $340.00 and gave the stock a "hold" rating in a report on Monday, October 28th. Oppenheimer increased their price objective on shares of Pool from $380.00 to $386.00 and gave the company an "outperform" rating in a report on Monday, October 28th. Finally, Loop Capital lifted their target price on Pool from $345.00 to $395.00 and gave the stock a "hold" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $369.25.

Pool Trading Up 0.2 %

POOL stock traded up $0.72 during midday trading on Friday, reaching $350.26. 329,854 shares of the company traded hands, compared to its average volume of 396,605. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 1.83 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The business has a 50 day moving average of $356.43 and a 200-day moving average of $353.20. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73.

Pool (NASDAQ:POOL - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.11. Pool had a return on equity of 31.89% and a net margin of 8.42%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the business posted $3.50 earnings per share. The company's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, sell-side analysts expect that Pool Co. will post 11.03 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool's dividend payout ratio is currently 41.31%.

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.