Pool Co. (NASDAQ:POOL) Shares Acquired by JGP Wealth Management LLC

JGP Wealth Management LLC lifted its holdings in shares of Pool Co. (NASDAQ:POOL) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,027 shares of the specialty retailer’s stock after purchasing an additional 1,587 shares during the quarter. Pool comprises about 1.5% of JGP Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest position. JGP Wealth Management LLC’s holdings in Pool were worth $11,601,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brooklyn Investment Group purchased a new position in shares of Pool in the 3rd quarter worth $31,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Pool in the 3rd quarter worth $60,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Pool by 101.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock worth $123,000 after buying an additional 164 shares during the period. Hilltop National Bank raised its position in shares of Pool by 18.1% in the 4th quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after buying an additional 63 shares during the period. Finally, GAMMA Investing LLC raised its position in Pool by 24.8% in the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock valued at $151,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

Shares of NASDAQ POOL opened at $349.54 on Friday. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The stock has a 50 day simple moving average of $356.43 and a 200-day simple moving average of $353.20. The company has a market cap of $13.30 billion, a PE ratio of 30.08, a P/E/G ratio of 1.83 and a beta of 1.03. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73.

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

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Wednesday, November 13th. Pool’s payout ratio is 41.31%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Loop Capital raised 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. Oppenheimer lifted their target price on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Robert W. Baird lifted their target price on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Wells Fargo & Company lifted their target price on Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Finally, StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research note on Saturday, January 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Pool currently has an average rating of “Hold” and an average price target of $369.25.

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.