Blair William & Co. IL cut its holdings in shares of Pool Corporation (NASDAQ:POOL – Free Report) by 32.5% during the third quarter, HoldingsChannel.com reports. The firm owned 276,725 shares of the specialty retailer’s stock after selling 133,013 shares during the period. Blair William & Co. IL’s holdings in Pool were worth $85,804,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Berkshire Hathaway Inc boosted its holdings in Pool by 136.3% in the second quarter. Berkshire Hathaway Inc now owns 3,458,885 shares of the specialty retailer’s stock worth $1,008,196,000 after acquiring an additional 1,994,885 shares in the last quarter. Caledonia Investments PLC boosted its stake in Pool by 5.2% in the 3rd quarter. Caledonia Investments PLC now owns 160,887 shares of the specialty retailer’s stock worth $49,886,000 after purchasing an additional 8,000 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Pool by 224.7% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 61,696 shares of the specialty retailer’s stock worth $17,983,000 after purchasing an additional 42,696 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in Pool by 43.9% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 40,719 shares of the specialty retailer’s stock valued at $12,626,000 after purchasing an additional 12,424 shares in the last quarter. Finally, Achmea Investment Management B.V. lifted its stake in shares of Pool by 37.5% during the second quarter. Achmea Investment Management B.V. now owns 4,480 shares of the specialty retailer’s stock worth $1,305,000 after buying an additional 1,221 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.
Pool Price Performance
Shares of POOL opened at $213.66 on Friday. The business’s 50-day moving average is $246.85 and its two-hundred day moving average is $268.20. The company has a market capitalization of $7.86 billion, a P/E ratio of 19.71, a P/E/G ratio of 2.72 and a beta of 1.25. Pool Corporation has a fifty-two week low of $210.67 and a fifty-two week high of $374.74. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.59 and a current ratio of 2.24.
Pool Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, March 12th. Pool’s dividend payout ratio is currently 46.13%.
Insider Buying and Selling
In other news, CFO Melanie M. Hart sold 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $220.00, for a total transaction of $605,000.00. Following the sale, the chief financial officer owned 18,039 shares of the company’s stock, valued at $3,968,580. This trade represents a 13.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Romain Kenneth G. St bought 5,560 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were purchased at an average cost of $218.67 per share, with a total value of $1,215,805.20. Following the completion of the acquisition, the senior vice president owned 82,845 shares in the company, valued at approximately $18,115,716.15. This represents a 7.19% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.00% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
POOL has been the subject of a number of research analyst reports. Wall Street Zen lowered Pool from a “hold” rating to a “sell” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft set a $246.00 price objective on Pool in a report on Friday, February 20th. Oppenheimer reduced their price objective on Pool from $346.00 to $280.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Wells Fargo & Company dropped their target price on Pool from $275.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Friday, February 20th. Finally, Robert W. Baird cut their price target on shares of Pool from $320.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pool presently has an average rating of “Hold” and an average price target of $281.50.
View Our Latest Research Report on Pool
Pool Profile
Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.
The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.
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