Bank of New York Mellon Corp Has $143.17 Million Position in Pool Co. (NASDAQ:POOL)

Bank of New York Mellon Corp boosted its stake in shares of Pool Co. (NASDAQ:POOL - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 419,919 shares of the specialty retailer's stock after purchasing an additional 3,575 shares during the quarter. Bank of New York Mellon Corp owned about 1.10% of Pool worth $143,167,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of POOL. Private Advisor Group LLC boosted its position in shares of Pool by 27.3% in the third quarter. Private Advisor Group LLC now owns 1,562 shares of the specialty retailer's stock valued at $589,000 after acquiring an additional 335 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of 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 valued at $1,282,000 after acquiring an additional 841 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Pool by 6.0% in the third quarter. State of Alaska Department of Revenue now owns 4,447 shares of the specialty retailer's stock valued at $1,675,000 after acquiring an additional 250 shares during the period. abrdn plc boosted its position in shares of Pool by 21.0% in the third quarter. abrdn plc now owns 18,748 shares of the specialty retailer's stock valued at $7,083,000 after acquiring an additional 3,256 shares during the period. Finally, First Trust Direct Indexing L.P. boosted its position in shares of Pool by 17.0% in the third quarter. First Trust Direct Indexing L.P. now owns 1,116 shares of the specialty retailer's stock valued at $420,000 after acquiring an additional 162 shares during the period. Institutional investors own 98.99% of the company's stock.

Insiders Place Their Bets

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company's stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.00% of the company's stock.

Pool Price Performance

NASDAQ POOL traded down $2.82 during trading on Monday, hitting $344.18. 370,314 shares of the company's stock were exchanged, compared to its average volume of 396,200. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The company has a market cap of $13.10 billion, a PE ratio of 30.51, a P/E/G ratio of 2.03 and a beta of 1.03. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The stock's 50 day moving average price is $342.99 and its two-hundred day moving average price is $355.63.

Pool (NASDAQ:POOL - Get Free Report) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. The firm had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. Research analysts expect that Pool Co. will post 11.32 EPS 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 dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.39%. The ex-dividend date is Wednesday, March 12th. Pool's payout ratio is 42.55%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on POOL. Wells Fargo & Company reduced their target price on shares of Pool from $370.00 to $360.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. StockNews.com downgraded Pool from a "hold" rating to a "sell" rating in a research note on Friday. Two 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 stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $368.00.

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.