Mitsubishi UFJ Asset Management Co. Ltd. Purchases 2,426 Shares of Pool Co. (NASDAQ:POOL)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Pool Co. (NASDAQ:POOLFree Report) by 6.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 38,911 shares of the specialty retailer’s stock after acquiring an additional 2,426 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Pool were worth $14,544,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its position in Pool by 56.7% in the third quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock worth $308,156,000 after acquiring an additional 313,190 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of Pool by 463.2% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 240,623 shares of the specialty retailer’s stock valued at $85,686,000 after purchasing an additional 197,900 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Pool by 30,047.2% during the 4th quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock valued at $73,322,000 after purchasing an additional 183,288 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Pool by 55.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 339,378 shares of the specialty retailer’s stock valued at $120,852,000 after buying an additional 120,427 shares during the period. Finally, Invesco Ltd. lifted its position in Pool by 22.0% in the third quarter. Invesco Ltd. now owns 634,329 shares of the specialty retailer’s stock worth $225,885,000 after buying an additional 114,298 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 0.6 %

POOL opened at $366.90 on Friday. Pool Co. has a 52 week low of $307.77 and a 52 week high of $422.73. The company has a market capitalization of $14.06 billion, a P/E ratio of 28.71, a PEG ratio of 3.85 and a beta of 1.01. The stock’s fifty day moving average is $384.70 and its two-hundred day moving average is $377.65. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70.

Pool (NASDAQ:POOLGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a net margin of 9.17% and a return on equity of 35.49%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the prior year, the business posted $2.46 EPS. The business’s quarterly revenue was down 7.1% on a year-over-year basis. Analysts forecast that Pool Co. will post 13.02 earnings per share for the current year.

Pool Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th will be given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Wednesday, May 15th. This is a boost from Pool’s previous quarterly dividend of $1.10. Pool’s dividend payout ratio is presently 37.56%.

Insider Activity

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on POOL shares. TheStreet downgraded shares of Pool from a “b” rating to a “c+” rating in a research note on Thursday, February 22nd. Stifel Nicolaus dropped their target price on Pool from $370.00 to $360.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Finally, Oppenheimer reduced their price target on Pool from $436.00 to $416.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $391.80.

Get Our Latest Stock Report on Pool

Pool Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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