Pool (POOL) Downgraded to Hold at ValuEngine
ValuEngine cut shares of Pool (NASDAQ:POOL) from a buy rating to a hold rating in a report released on Saturday.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Pool from a hold rating to a buy rating and set a $161.00 target price for the company in a report on Thursday, February 22nd. Robert W. Baird reiterated a buy rating and set a $158.00 target price on shares of Pool in a report on Friday, February 16th. Stephens set a $160.00 target price on Pool and gave the stock a hold rating in a report on Thursday, February 15th. Finally, BidaskClub upgraded Pool from a hold rating to a buy rating in a report on Saturday, February 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Pool currently has an average rating of Buy and a consensus price target of $152.50.
POOL opened at $141.13 on Friday. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.97 and a quick ratio of 0.76. Pool has a 12 month low of $97.25 and a 12 month high of $150.26. The firm has a market capitalization of $5,724.52, a P/E ratio of 32.59 and a beta of 0.81.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, March 16th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Thursday, March 15th. Pool’s dividend payout ratio (DPR) is presently 37.09%.
In other news, CEO De La Mesa Manuel J. Perez sold 1,300 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $148.26, for a total value of $192,738.00. Following the completion of the transaction, the chief executive officer now owns 53,058 shares in the company, valued at approximately $7,866,379.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 28,700 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $143.18, for a total value of $4,109,266.00. Following the completion of the transaction, the chief executive officer now owns 61,758 shares of the company’s stock, valued at approximately $8,842,510.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,000 shares of company stock valued at $18,685,004. Corporate insiders own 6.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in shares of Pool in the 4th quarter valued at about $144,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Pool by 42.9% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,446 shares of the specialty retailer’s stock valued at $188,000 after acquiring an additional 434 shares in the last quarter. Koch Industries Inc. bought a new position in shares of Pool in the 4th quarter valued at about $220,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of Pool in the 4th quarter valued at about $229,000. Finally, Eagle Boston Investment Management Inc. bought a new position in shares of Pool in the 4th quarter valued at about $246,000. Institutional investors own 95.29% of the company’s stock.
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Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in North America, Europe, South America, and Australia. 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; packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and landscape products consisting of irrigation system components, and professional lawn care equipment and supplies.
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