Sumitomo Mitsui DS Asset Management Company Ltd Sells 218 Shares of Pool Co. (NASDAQ:POOL)

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in shares of Pool Co. (NASDAQ:POOL) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,500 shares of the specialty retailer’s stock after selling 218 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Pool were worth $4,984,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of POOL. Turtle Creek Wealth Advisors LLC purchased a new position in Pool during the 4th quarter worth $28,000. CVA Family Office LLC purchased a new position in shares of Pool in the 4th quarter worth approximately $34,000. Lindbrook Capital LLC grew its holdings in shares of Pool by 73.7% in the fourth quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 42 shares in the last quarter. Huntington National Bank lifted its holdings in Pool by 96.7% during the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 58 shares during the period. Finally, Impact Partnership Wealth LLC purchased a new position in Pool in the third quarter worth $43,000. 98.99% of the stock is currently owned by institutional investors.

Insider Transactions at Pool

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool stock in a transaction on Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the transaction, the general counsel now owns 8,622 shares in the company, valued at approximately $3,457,422. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Loop Capital cut Pool from a “buy” rating to a “hold” rating and lifted their target price for the stock from $380.00 to $415.00 in a research note on Monday, January 8th. TheStreet downgraded shares of Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Oppenheimer upped their price objective on Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $370.00 target price on shares of Pool in a research report on Tuesday, March 5th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $397.80.

Pool Trading Up 1.3 %

Shares of POOL stock opened at $365.88 on Tuesday. Pool Co. has a 1 year low of $307.77 and a 1 year high of $422.73. The company’s fifty day simple moving average is $394.15 and its two-hundred day simple moving average is $373.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.36 and a quick ratio of 0.58. The stock has a market capitalization of $14.08 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 3.35 and a beta of 1.00.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. Pool had a net margin of 9.44% and a return on equity of 37.94%. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.79 EPS. As a group, analysts anticipate that Pool Co. will post 13.3 earnings per share for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.40 annualized dividend and a yield of 1.20%. Pool’s dividend payout ratio (DPR) is presently 33.03%.

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.