Pool Co. (NASDAQ:POOL) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 39,564.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 75,760 shares of the specialty retailer's stock after purchasing an additional 75,569 shares during the quarter. Federated Hermes Inc. owned about 0.20% of Pool worth $25,830,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of POOL. Raymond James Financial Inc. acquired a new position in Pool during the fourth quarter valued at approximately $116,833,000. JPMorgan Chase & Co. lifted its holdings in shares of Pool by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer's stock valued at $474,886,000 after acquiring an additional 232,914 shares in the last quarter. Wellington Management Group LLP boosted its position in Pool by 27.5% during the 4th quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer's stock worth $355,435,000 after purchasing an additional 224,674 shares during the period. Pictet Asset Management Holding SA increased its holdings in Pool by 25.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 636,007 shares of the specialty retailer's stock valued at $216,840,000 after purchasing an additional 129,780 shares in the last quarter. Finally, Norges Bank purchased a new position in Pool in the fourth quarter valued at about $36,203,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

Pool Stock Down 0.0 %

Shares of Pool stock traded down $0.14 during trading on Monday, reaching $311.13. The company had a trading volume of 35,696 shares, compared to its average volume of 377,109. 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 Co. has a fifty-two week low of $284.28 and a fifty-two week high of $395.60. The firm's fifty day moving average is $330.78 and its 200-day moving average is $349.07. The company has a market cap of $11.74 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13.

Pool (NASDAQ:POOL - Get Free Report) last released 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 company had revenue of $987.48 million for 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%. On average, analysts anticipate that Pool Co. will post 11.32 EPS for the current year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 annualized dividend and a yield of 1.54%. Pool's payout ratio is 42.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered their target price on Pool from $360.00 to $315.00 and set an "equal weight" rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pool in a research report on Tuesday, April 1st. They issued a "hold" rating and a $344.00 price objective for the company. Finally, StockNews.com cut shares of Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $360.33.

Insiders Place Their Bets

In related news, 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 trade represents a 11.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 62,577 shares of the company's stock, valued at $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate 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.