Flputnam Investment Management Co. Sells 314 Shares of Pool Co. (NASDAQ:POOL)

Flputnam Investment Management Co. decreased its stake in shares of Pool Co. (NASDAQ:POOL) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,749 shares of the specialty retailer’s stock after selling 314 shares during the period. Flputnam Investment Management Co.’s holdings in Pool were worth $596,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in POOL. Versor Investments LP acquired a new position in shares of Pool during the third quarter worth approximately $720,000. Parnassus Investments LLC raised its position in Pool by 3.5% in the 3rd quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock worth $77,142,000 after purchasing an additional 6,987 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in 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 buying an additional 36,403 shares in the last quarter. L. Roy Papp & Associates LLP bought a new position in Pool in the 4th quarter valued at $653,000. Finally, National Bank of Canada FI increased its stake in shares of Pool by 46.6% in the 3rd quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock valued at $5,869,000 after buying an additional 4,954 shares during the period. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 0.8 %

NASDAQ POOL opened at $344.18 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. Pool Co. has a 12 month low of $293.51 and a 12 month high of $422.73. The company has a market capitalization of $13.10 billion, a PE ratio of 30.51, a P/E/G ratio of 2.03 and a beta of 1.03. The stock has a 50-day simple moving average of $342.99 and a 200 day simple moving average of $355.63.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. The business 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%. Research analysts forecast that Pool Co. will post 11.32 EPS for the current year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Wednesday, March 12th. Pool’s dividend payout ratio (DPR) is 42.55%.

Insider Activity at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the transaction, the director now directly owns 62,577 shares in the company, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

POOL has been the topic of several research reports. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research note on Friday. Wells Fargo & Company cut their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $368.00.

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.