Amundi Has $83.03 Million Stock Position in Pool Co. (NASDAQ:POOL)

Amundi increased its holdings in Pool Co. (NASDAQ:POOL) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,645 shares of the specialty retailer’s stock after acquiring an additional 33,777 shares during the period. Amundi owned about 0.67% of Pool worth $83,031,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of POOL. QRG Capital Management Inc. purchased a new stake in Pool in the 3rd quarter worth about $248,000. Assetmark Inc. raised its stake in shares of Pool by 11.1% during the 3rd quarter. Assetmark Inc. now owns 739 shares of the specialty retailer’s stock worth $278,000 after purchasing an additional 74 shares in the last quarter. Atria Investments Inc raised its stake in shares of Pool by 8.6% during the 3rd quarter. Atria Investments Inc now owns 14,583 shares of the specialty retailer’s stock worth $5,495,000 after purchasing an additional 1,151 shares in the last quarter. Sigma Planning Corp raised its stake in shares of Pool by 17.8% during the 3rd quarter. Sigma Planning Corp now owns 1,853 shares of the specialty retailer’s stock worth $698,000 after purchasing an additional 280 shares in the last quarter. Finally, Axxcess Wealth Management LLC raised its stake in shares of Pool by 46.9% during the 3rd quarter. Axxcess Wealth Management LLC now owns 1,633 shares of the specialty retailer’s stock worth $615,000 after purchasing an additional 521 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pool

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction that occurred on Monday, February 24th. The stock was 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 of the company’s stock, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

POOL has been the subject of a number of recent research reports. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Wells Fargo & Company cut 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 analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $368.00.

Pool Stock Performance

Shares of NASDAQ POOL opened at $343.56 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. The firm has a market cap of $12.93 billion, a price-to-earnings ratio of 30.46, a P/E/G ratio of 2.03 and a beta of 1.05. The business’s 50-day simple moving average is $343.58 and its 200-day simple moving average is $355.86. Pool Co. has a 52 week low of $293.51 and a 52 week high of $420.98.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. As a group, equities research analysts expect that Pool Co. will post 11.32 earnings per share for the current fiscal 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 issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Wednesday, March 12th. Pool’s dividend payout ratio (DPR) 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.