Atomi Financial Group Inc. Acquires 90 Shares of Pool Co. (NASDAQ:POOL)

Atomi Financial Group Inc. boosted its holdings in Pool Co. (NASDAQ:POOL) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,653 shares of the specialty retailer’s stock after buying an additional 90 shares during the period. Atomi Financial Group Inc.’s holdings in Pool were worth $563,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position in Pool by 22.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after buying an additional 232,914 shares during the period. Geode Capital Management LLC increased its position in Pool by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer’s stock worth $362,196,000 after buying an additional 6,232 shares during the period. Wasatch Advisors LP increased its position in Pool by 0.6% in the 3rd quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer’s stock worth $213,020,000 after buying an additional 3,428 shares during the period. Berkshire Hathaway Inc bought a new position in Pool in the 3rd quarter worth approximately $152,249,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Pool by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 296,063 shares of the specialty retailer’s stock valued at $90,992,000 after purchasing an additional 23,396 shares during the period. 98.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Loop Capital boosted their price objective on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Stifel Nicolaus boosted their price objective on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Sunday, January 19th. Wells Fargo & Company boosted their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Finally, Oppenheimer boosted their price objective on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Pool currently has a consensus rating of “Hold” and an average price target of $369.25.

Pool Trading Up 0.6 %

Shares of POOL opened at $362.06 on Friday. The stock has a fifty day moving average price of $355.72 and a two-hundred day moving average price of $355.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.77 and a current ratio of 2.39. The company has a market cap of $13.78 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 2.01 and a beta of 1.03. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company earned $3.50 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. Analysts predict that Pool Co. will post 11.03 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s dividend payout ratio is currently 41.31%.

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.