Geode Capital Management LLC Has $332.57 Million Holdings in Pool Co. (NASDAQ:POOL)

Geode Capital Management LLC raised its position in Pool Co. (NASDAQ:POOL) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 977,862 shares of the specialty retailer’s stock after purchasing an additional 13,519 shares during the quarter. Geode Capital Management LLC owned 2.57% of Pool worth $332,566,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Pool in the 4th quarter valued at approximately $116,833,000. JPMorgan Chase & Co. lifted its position in shares of Pool by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after purchasing an additional 232,914 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Pool by 27.5% during the fourth quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer’s stock worth $355,435,000 after purchasing an additional 224,674 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in Pool by 25.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 636,007 shares of the specialty retailer’s stock worth $216,840,000 after purchasing an additional 129,780 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in Pool in the third quarter valued at $40,750,000. 98.99% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

POOL has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Pool in a research report on Tuesday. They set a “hold” rating and a $344.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and an average target price of $365.33.

Insider Activity

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction that occurred on 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 owns 62,577 shares in the company, valued at $21,651,642. This represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jennifer M. Neil sold 1,223 shares of Pool stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the completion of the sale, the senior vice president now owns 9,667 shares of the company’s stock, valued at approximately $3,045,105. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

Pool Stock Performance

Shares of NASDAQ POOL opened at $315.05 on Friday. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $11.88 billion, a P/E ratio of 27.93, a P/E/G ratio of 2.03 and a beta of 1.13. Pool Co. has a 12 month low of $293.51 and a 12 month high of $402.45. The stock has a 50 day moving average of $336.70 and a 200-day moving average of $352.37.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. The firm had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. As a group, equities research analysts predict that Pool Co. will post 11.32 EPS for the current year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Wednesday, March 12th. Pool’s dividend payout ratio is presently 42.55%.

Pool 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.