Bath Savings Trust Co Lowers Stock Position in Pool Co. (NASDAQ:POOL)

Bath Savings Trust Co lessened its holdings in Pool Co. (NASDAQ:POOL) by 57.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,852 shares of the specialty retailer’s stock after selling 2,475 shares during the period. Bath Savings Trust Co’s holdings in Pool were worth $698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Rafferty Asset Management LLC increased its holdings in Pool by 3.8% in the 4th quarter. Rafferty Asset Management LLC now owns 4,457 shares of the specialty retailer’s stock worth $1,777,000 after acquiring an additional 164 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Pool by 39.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the specialty retailer’s stock valued at $2,316,000 after acquiring an additional 1,639 shares during the last quarter. Schroder Investment Management Group lifted its position in Pool by 34.3% during the fourth quarter. Schroder Investment Management Group now owns 40,250 shares of the specialty retailer’s stock valued at $16,048,000 after purchasing an additional 10,284 shares during the last quarter. Waterloo Capital L.P. purchased a new position in Pool in the fourth quarter worth $277,000. Finally, Sei Investments Co. increased its stake in Pool by 4.7% in the fourth quarter. Sei Investments Co. now owns 96,775 shares of the specialty retailer’s stock valued at $38,585,000 after acquiring an additional 4,301 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Performance

POOL opened at $363.02 on Tuesday. The company’s 50 day moving average is $356.53 and its 200 day moving average is $356.36. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 2.73 and a beta of 1.01. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73. The company has a current ratio of 2.48, a quick ratio of 0.88 and a debt-to-equity ratio of 0.75.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.90 by $0.09. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.74 billion. Pool had a return on equity of 32.85% and a net margin of 8.58%. Pool’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $5.89 EPS. On average, equities research analysts predict that Pool Co. will post 10.99 EPS for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were issued a $1.20 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.32%. Pool’s dividend payout ratio is currently 37.56%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on POOL. Stephens decreased their price objective on Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. Stifel Nicolaus lifted their price target on shares of Pool from $310.00 to $335.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company raised their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday. Loop Capital reduced their price objective on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research note on Tuesday, June 25th. Finally, Oppenheimer lifted their target price on Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pool presently has an average rating of “Hold” and a consensus price target of $354.44.

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.