JPMorgan Chase & Co. Reduces Holdings in Pool Co. (NASDAQ:POOL)

JPMorgan Chase & Co. cut its position in Pool Co. (NASDAQ:POOL - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,240,021 shares of the specialty retailer's stock after selling 20,292 shares during the period. JPMorgan Chase & Co. owned 3.26% of Pool worth $422,773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Second Line Capital LLC boosted its position in shares of Pool by 4.8% during the third quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer's stock valued at $322,000 after buying an additional 39 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in Pool by 4.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer's stock valued at $383,000 after acquiring an additional 43 shares during the last quarter. Sugarloaf Wealth Management LLC grew its position in shares of Pool by 10.1% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer's stock valued at $197,000 after acquiring an additional 53 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Pool by 0.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer's stock worth $2,732,000 after purchasing an additional 54 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Pool by 0.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,578 shares of the specialty retailer's stock worth $5,993,000 after purchasing an additional 54 shares during the period. 98.99% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several brokerages have weighed in on POOL. Deutsche Bank Aktiengesellschaft assumed coverage on Pool in a report on Tuesday. They set a "hold" rating and a $344.00 price objective for the company. StockNews.com downgraded Pool from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company lowered their price objective on Pool from $370.00 to $360.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $365.33.

Insiders Place Their Bets

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the sale, the director now owns 62,577 shares of the company's stock, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jennifer M. Neil sold 1,223 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $315.00, for a total value of $385,245.00. Following the sale, the senior vice president now owns 9,667 shares of the company's stock, valued at $3,045,105. This represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Pool Price Performance

NASDAQ:POOL traded down $0.22 during trading hours on Tuesday, hitting $318.13. The stock had a trading volume of 382,676 shares, compared to its average volume of 368,494. The company has a 50 day simple moving average of $339.95 and a two-hundred day simple moving average of $353.40. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 28.20, a P/E/G ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. Pool Co. has a one year low of $293.51 and a one year high of $403.61.

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

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Wednesday, March 12th. Pool's dividend payout ratio (DPR) is currently 42.55%.

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.