Mutual of America Capital Management LLC Reduces Stock Holdings in Pool Co. (NASDAQ:POOL)

Mutual of America Capital Management LLC reduced its holdings in Pool Co. (NASDAQ:POOL) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,561 shares of the specialty retailer’s stock after selling 154 shares during the period. Mutual of America Capital Management LLC’s holdings in Pool were worth $1,555,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in shares of Pool by 22.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after acquiring an additional 232,914 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Pool by 0.7% during the third quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer’s stock worth $362,196,000 after buying an additional 6,232 shares in the last quarter. Wasatch Advisors LP grew its position in Pool by 0.6% during the third quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer’s stock valued at $213,020,000 after buying an additional 3,428 shares during the period. Bank of New York Mellon Corp grew its position in Pool by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 419,919 shares of the specialty retailer’s stock valued at $143,167,000 after buying an additional 3,575 shares during the period. Finally, Berkshire Hathaway Inc acquired a new stake in Pool during the third quarter valued at $152,249,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Stock Up 2.0 %

Shares of NASDAQ POOL opened at $364.31 on Friday. The company’s 50-day simple moving average is $343.08 and its 200-day simple moving average is $355.64. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, topping 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 net margin of 8.18% and a return on equity of 31.11%. Equities analysts predict that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a yield of 1.32%. Pool’s payout ratio is presently 42.55%.

Insider Buying and Selling

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the transaction, the director now directly owns 62,577 shares in the company, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

POOL has been the topic of several analyst reports. Wells Fargo & Company dropped their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $368.00.

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.