Pool Co. (NASDAQ:POOL) Holdings Cut by Inspire Investing LLC

Inspire Investing LLC reduced its stake in shares of Pool Co. (NASDAQ:POOL) by 11.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,420 shares of the specialty retailer’s stock after selling 435 shares during the period. Inspire Investing LLC’s holdings in Pool were worth $1,051,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of POOL. Robeco Institutional Asset Management B.V. increased its position in Pool by 35.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,374 shares of the specialty retailer’s stock worth $1,744,000 after purchasing an additional 1,139 shares during the last quarter. Norges Bank bought a new stake in shares of Pool in the 4th quarter valued at approximately $44,697,000. PNC Financial Services Group Inc. grew its stake in shares of Pool by 1.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,399 shares of the specialty retailer’s stock valued at $3,349,000 after buying an additional 152 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in Pool by 4.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,029 shares of the specialty retailer’s stock worth $410,000 after buying an additional 44 shares during the last quarter. Finally, Balentine LLC bought a new position in Pool during the fourth quarter valued at approximately $343,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Price Performance

Shares of NASDAQ:POOL opened at $372.09 on Friday. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 2.54 and a beta of 1.00. The business has a 50 day moving average price of $349.50 and a 200 day moving average price of $360.08. The company has a quick ratio of 0.88, a current ratio of 2.48 and a debt-to-equity ratio of 0.75. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The company had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the business earned $5.89 earnings per share. Pool’s revenue for the quarter was down 4.7% compared to the same quarter last year. Research analysts predict that Pool Co. will post 10.99 earnings per share for the current year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 annualized dividend and a dividend yield of 1.29%. Pool’s payout ratio is 37.56%.

Analyst Ratings Changes

Several research firms have commented on POOL. Oppenheimer boosted their target price on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Stifel Nicolaus increased their target price on shares of Pool from $310.00 to $335.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company boosted their price target on Pool from $285.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group raised their price objective on Pool from $365.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $350.00.

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.