Penobscot Investment Management Company Inc. Cuts Stake in Pool Co. (NASDAQ:POOL)

Penobscot Investment Management Company Inc. reduced its holdings in shares of Pool Co. (NASDAQ:POOL - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,930 shares of the specialty retailer's stock after selling 910 shares during the period. Penobscot Investment Management Company Inc.'s holdings in Pool were worth $658,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. increased its holdings in shares of Pool by 2,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 69 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Pool during the 3rd quarter valued at about $31,000. Atala Financial Inc bought a new stake in Pool during the 4th quarter valued at about $29,000. Sierra Ocean LLC purchased a new position in Pool in the fourth quarter worth about $30,000. Finally, Private Trust Co. NA grew its holdings in shares of Pool by 76.9% during the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer's stock valued at $47,000 after buying an additional 60 shares during the last quarter. Institutional investors own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on POOL shares. StockNews.com lowered shares of Pool from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Wells Fargo & Company decreased their price target 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $368.00.

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Insider Activity 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 that occurred on 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 sale, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by company insiders.

Pool Stock Performance

Pool stock traded up $3.43 during mid-day trading on Monday, reaching $318.35. 339,354 shares of the stock traded hands, compared to its average volume of 368,438. The stock has a market capitalization of $11.98 billion, a PE ratio of 28.22, a price-to-earnings-growth 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. The business's 50-day moving average is $339.95 and its 200-day moving average is $353.40. Pool Co. has a 12-month low of $293.51 and a 12-month 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, topping analysts' consensus estimates of $0.89 by $0.08. Pool had a net margin of 8.18% and a return on equity of 31.11%. The company had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. As a group, sell-side analysts predict that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a yield of 1.51%. Pool's dividend payout ratio is currently 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.