JPMorgan Chase & Co. Reduces Stock Holdings in Pool Co. (NASDAQ:POOL)

JPMorgan Chase & Co. trimmed its position in shares of Pool Co. (NASDAQ:POOL) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,240,021 shares of the specialty retailer’s stock after selling 20,292 shares during the period. JPMorgan Chase & Co. owned 3.26% of Pool worth $422,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Pool by 816.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock worth $13,601,000 after acquiring an additional 36,403 shares during the period. L. Roy Papp & Associates LLP purchased a new stake in Pool during the fourth quarter valued at about $653,000. National Bank of Canada FI boosted its position in Pool by 46.6% during the third quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock worth $5,869,000 after purchasing an additional 4,954 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Pool by 1.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 260,333 shares of the specialty retailer’s stock worth $98,093,000 after purchasing an additional 3,268 shares in the last quarter. Finally, World Equity Group Inc. bought a new stake in shares of Pool in the fourth quarter valued at approximately $272,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on POOL shares. 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $368.00.

Pool Stock Down 2.9 %

POOL opened at $314.92 on Friday. The firm has a market capitalization of $11.85 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. Pool Co. has a one year low of $293.51 and a one year high of $403.61. The company has a fifty day moving average price of $340.58 and a 200-day moving average price of $353.55. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. Pool had a return on equity of 31.11% and a net margin of 8.18%. The business had revenue of $987.48 million during the quarter, compared to analysts’ expectations of $961.04 million. Equities research analysts expect that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Wednesday, March 12th. Pool’s dividend payout ratio is currently 42.55%.

Insider Buying and Selling at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the sale, the director now owns 62,577 shares in the company, valued at $21,651,642. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by company insiders.

Pool Company 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.