Comerica Bank decreased its position in Pool Co. (NASDAQ:POOL) by 2.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 27,641 shares of the specialty retailer’s stock after selling 824 shares during the quarter. Comerica Bank’s holdings in Pool were worth $4,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of POOL. Enlightenment Research LLC bought a new stake in Pool during the 4th quarter worth about $30,000. Executive Wealth Management LLC bought a new stake in Pool during the 4th quarter worth about $51,000. Riverview Trust Co bought a new stake in Pool during the 4th quarter worth about $57,000. Bessemer Group Inc. grew its holdings in Pool by 81.2% during the 4th quarter. Bessemer Group Inc. now owns 520 shares of the specialty retailer’s stock worth $77,000 after acquiring an additional 233 shares during the last quarter. Finally, YHB Investment Advisors Inc. bought a new stake in Pool during the 1st quarter worth about $205,000. 95.50% of the stock is currently owned by institutional investors and hedge funds.

POOL has been the topic of a number of research analyst reports. BidaskClub lowered shares of Pool from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Robert W. Baird raised shares of Pool from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $160.00 to $177.00 in a report on Friday, February 22nd. Zacks Investment Research raised shares of Pool from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a report on Tuesday, April 16th. ValuEngine raised shares of Pool from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Finally, Stephens set a $186.00 price objective on shares of Pool and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Pool presently has a consensus rating of “Buy” and a consensus target price of $171.20.

Pool stock opened at $182.11 on Thursday. The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.60 and a current ratio of 1.96. Pool Co. has a 1 year low of $136.83 and a 1 year high of $186.50. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 32.40, a price-to-earnings-growth ratio of 1.27 and a beta of 0.95.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, April 18th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.05). Pool had a net margin of 7.83% and a return on equity of 79.99%. The business had revenue of $597.50 million for the quarter, compared to analyst estimates of $608.36 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts forecast that Pool Co. will post 6.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, May 16th. This is an increase from Pool’s previous quarterly dividend of $0.45. This represents a $2.20 dividend on an annualized basis and a yield of 1.21%. Pool’s dividend payout ratio is presently 32.03%.

Pool announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 2nd that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 2.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

In related news, insider Romain Kenneth G. St sold 36,806 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $185.15, for a total value of $6,814,630.90. Following the sale, the insider now directly owns 131,960 shares in the company, valued at approximately $24,432,394. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $186.01, for a total transaction of $1,860,100.00. Following the completion of the sale, the insider now owns 69,702 shares in the company, valued at $12,965,269.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 277,731 shares of company stock worth $47,431,537. Corporate insiders own 6.00% of the company’s stock.

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Pool Company Profile

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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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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