New York State Common Retirement Fund Reduces Stock Position in Pool Co. (NASDAQ:POOL)

New York State Common Retirement Fund trimmed its holdings in Pool Co. (NASDAQ:POOL - Free Report) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,001 shares of the specialty retailer's stock after selling 2,368 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Pool worth $7,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of POOL. Allspring Global Investments Holdings LLC increased its stake in Pool by 19.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,457 shares of the specialty retailer's stock valued at $1,679,000 after purchasing an additional 719 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Pool by 27.3% in the 3rd quarter. Private Advisor Group LLC now owns 1,562 shares of the specialty retailer's stock worth $589,000 after buying an additional 335 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Pool by 12.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 10,230 shares of the specialty retailer's stock valued at $3,855,000 after acquiring an additional 1,161 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Pool by 32.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,441 shares of the specialty retailer's stock worth $1,282,000 after buying an additional 841 shares during the last quarter. Finally, Forsta AP Fonden increased its holdings in Pool by 11.8% in the 3rd quarter. Forsta AP Fonden now owns 8,500 shares of the specialty retailer's stock worth $3,203,000 after acquiring an additional 900 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors.

Pool Price Performance

Shares of NASDAQ POOL traded up $4.46 during midday trading on Friday, reaching $347.00. 468,654 shares of the stock traded hands, compared to its average volume of 396,865. The company's 50 day moving average is $342.99 and its 200 day moving average is $355.55. Pool Co. has a one year low of $293.51 and a one year high of $422.73. 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 stock has a market capitalization of $13.21 billion, a PE ratio of 30.76, a P/E/G ratio of 2.03 and a beta of 1.03.

Pool (NASDAQ:POOL - Get Free Report) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.08. The firm had revenue of $987.48 million during the quarter, compared to analysts' expectations of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. On average, equities research analysts anticipate that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be paid a $1.20 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a yield of 1.38%. Pool's payout ratio is 42.55%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of Pool from $370.00 to $360.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. StockNews.com cut Pool from a "hold" rating to a "sell" rating in a report on Friday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $368.00.

Insider Transactions at Pool

In related 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 completion of the sale, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.00% of the company's stock.

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.