Pool Co. (NASDAQ:POOL) is Kayne Anderson Rudnick Investment Management LLC's 6th Largest Position

Kayne Anderson Rudnick Investment Management LLC trimmed its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,199,856 shares of the specialty retailer's stock after selling 21,376 shares during the period. Pool comprises about 1.7% of Kayne Anderson Rudnick Investment Management LLC's portfolio, making the stock its 6th biggest position. Kayne Anderson Rudnick Investment Management LLC owned 5.78% of Pool worth $750,019,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. MML Investors Services LLC boosted its position in shares of Pool by 2.3% during the 4th quarter. MML Investors Services LLC now owns 6,488 shares of the specialty retailer's stock worth $2,212,000 after acquiring an additional 146 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Pool by 0.6% in the fourth quarter. MetLife Investment Management LLC now owns 11,703 shares of the specialty retailer's stock valued at $3,990,000 after purchasing an additional 75 shares in the last quarter. Natixis increased its stake in Pool by 4,454.9% in the fourth quarter. Natixis now owns 3,234 shares of the specialty retailer's stock valued at $1,103,000 after purchasing an additional 3,163 shares during the last quarter. Norinchukin Bank The lifted its position in shares of Pool by 11.0% during the 4th quarter. Norinchukin Bank The now owns 1,791 shares of the specialty retailer's stock worth $611,000 after buying an additional 177 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Pool in the 4th quarter valued at $183,000. Institutional investors and hedge funds own 98.99% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on POOL. Wells Fargo & Company reduced their price objective on Pool from $360.00 to $315.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Pool in a research note on Tuesday, April 1st. They set a "hold" rating and a $344.00 price target for the company. Stifel Nicolaus reduced their target price on shares of Pool from $340.00 to $330.00 and set a "hold" rating for the company in a report on Wednesday. Finally, StockNews.com downgraded shares of Pool from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Two investment 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $359.22.

Pool Stock Performance

POOL traded down $20.61 during trading on Thursday, reaching $288.70. The company's stock had a trading volume of 1,339,006 shares, compared to its average volume of 384,334. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. The company's fifty day moving average price is $325.69 and its 200-day moving average price is $345.71. Pool Co. has a 52-week low of $284.28 and a 52-week high of $395.60. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share for the quarter, missing analysts' consensus estimates of $1.38 by ($0.06). Pool had a net margin of 8.18% and a return on equity of 31.11%. On average, equities analysts forecast that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Wednesday, March 12th. Pool's dividend payout ratio is currently 42.55%.

Insiders Place Their Bets

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total value of $3,460,000.00. Following the sale, the director now owns 62,577 shares of the company's stock, valued at $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jennifer M. Neil sold 1,223 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the completion of the sale, the senior vice president now owns 9,667 shares in the company, 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. 3.00% of the stock is currently owned by company insiders.

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.