Amalgamated Bank Has $5.93 Million Position in Pool Co. (NASDAQ:POOL)

Amalgamated Bank decreased its position in Pool Co. (NASDAQ:POOL) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,883 shares of the specialty retailer’s stock after selling 144 shares during the quarter. Amalgamated Bank’s holdings in Pool were worth $5,934,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. New York Life Investment Management LLC grew its position in Pool by 0.5% during the 3rd quarter. New York Life Investment Management LLC now owns 5,687 shares of the specialty retailer’s stock worth $2,025,000 after acquiring an additional 30 shares during the last quarter. Assetmark Inc. increased its position in Pool by 12.2% in the 3rd quarter. Assetmark Inc. now owns 321 shares of the specialty retailer’s stock valued at $114,000 after acquiring an additional 35 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Pool by 39.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 36 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Pool by 4.5% during the third quarter. Private Advisor Group LLC now owns 882 shares of the specialty retailer’s stock worth $314,000 after purchasing an additional 38 shares in the last quarter. Finally, Avior Wealth Management LLC grew its stake in shares of Pool by 4.6% during the fourth quarter. Avior Wealth Management LLC now owns 889 shares of the specialty retailer’s stock valued at $354,000 after purchasing an additional 39 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Insider Activity at Pool

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the transaction, the general counsel now owns 8,622 shares in the company, valued at $3,457,422. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Loop Capital downgraded Pool from a “buy” rating to a “hold” rating and upped their price objective for the stock from $380.00 to $415.00 in a report on Monday, January 8th. Stifel Nicolaus dropped their price target on shares of Pool from $370.00 to $360.00 and set a “hold” rating for the company in a research note on Monday, April 29th. TheStreet lowered shares of Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Finally, Oppenheimer cut their price target on Pool from $436.00 to $416.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Pool has an average rating of “Hold” and a consensus target price of $391.80.

Pool Trading Up 1.3 %

NASDAQ POOL opened at $364.65 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. The stock’s 50-day moving average is $390.55 and its 200-day moving average is $374.70. Pool Co. has a one year low of $307.77 and a one year high of $422.73. The firm has a market cap of $13.98 billion, a P/E ratio of 28.53, a P/E/G ratio of 3.80 and a beta of 1.01.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Pool had a return on equity of 35.49% and a net margin of 9.17%. The firm’s revenue was down 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.46 EPS. Sell-side analysts anticipate that Pool Co. will post 13.02 earnings per share for the current fiscal year.

Pool Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This is an increase from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.32%. Pool’s dividend payout ratio (DPR) is presently 34.43%.

About Pool

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.