Geneva Capital Management LLC Trims Position in Pool Co. (NASDAQ:POOL)

Geneva Capital Management LLC lessened its stake in Pool Co. (NASDAQ:POOL) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,039 shares of the specialty retailer’s stock after selling 6,783 shares during the period. Geneva Capital Management LLC owned 0.22% of Pool worth $28,993,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Versor Investments LP bought a new position in Pool during the 3rd quarter worth about $720,000. Parnassus Investments LLC grew its holdings in Pool by 3.5% during the 3rd quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock worth $77,142,000 after acquiring an additional 6,987 shares in the last quarter. Allspring Global Investments Holdings LLC grew 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 acquiring an additional 36,403 shares in the last quarter. L. Roy Papp & Associates LLP bought a new position in Pool during the 4th quarter worth about $653,000. Finally, National Bank of Canada FI grew its holdings in Pool by 46.6% during the 3rd quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock worth $5,869,000 after acquiring an additional 4,954 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Insider Buying and Selling

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s 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 completion of the transaction, the director now directly owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is owned by company insiders.

Pool Stock Up 0.8 %

NASDAQ:POOL opened at $343.92 on Thursday. The company’s 50-day simple moving average is $342.71 and its 200-day simple moving average is $355.59. The stock has a market capitalization of $13.09 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.03 and a beta of 1.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

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

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Wednesday, March 12th. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Analyst Ratings Changes

Several brokerages have issued reports on POOL. Wells Fargo & Company dropped their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Pool has a consensus rating of “Hold” and an average price target of $368.00.

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.