Amalgamated Bank Boosts Holdings in Pool Co. (NASDAQ:POOL)

Amalgamated Bank boosted its position in Pool Co. (NASDAQ:POOLGet Rating) by 1.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,253 shares of the specialty retailer’s stock after purchasing an additional 254 shares during the quarter. Amalgamated Bank’s holdings in Pool were worth $6,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in POOL. Rafferty Asset Management LLC purchased a new stake in shares of Pool during the 4th quarter valued at $237,000. Private Advisor Group LLC raised its position in shares of Pool by 1.9% during the 4th quarter. Private Advisor Group LLC now owns 7,299 shares of the specialty retailer’s stock valued at $4,131,000 after buying an additional 136 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Pool by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 317,669 shares of the specialty retailer’s stock valued at $179,801,000 after buying an additional 5,890 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Pool by 163.3% during the 4th quarter. Renaissance Technologies LLC now owns 85,936 shares of the specialty retailer’s stock valued at $48,640,000 after buying an additional 53,300 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Pool by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 805,479 shares of the specialty retailer’s stock valued at $454,829,000 after buying an additional 14,220 shares in the last quarter. Hedge funds and other institutional investors own 98.92% of the company’s stock.

Insider Activity

In other news, CFO Hart Melanie Housey sold 2,500 shares of Pool stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $384.01, for a total transaction of $960,025.00. Following the sale, the chief financial officer now owns 10,721 shares of the company’s stock, valued at approximately $4,116,971.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

POOL has been the topic of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Pool in a research report on Wednesday, August 17th. They set a “hold” rating and a $431.00 price objective on the stock. Stephens reduced their target price on shares of Pool to $400.00 in a report on Tuesday, July 26th. TheStreet raised shares of Pool from a “c+” rating to a “b” rating in a report on Thursday, June 2nd. Loop Capital reduced their target price on shares of Pool from $465.00 to $370.00 and set a “hold” rating on the stock in a report on Thursday, June 23rd. Finally, Jefferies Financial Group reduced their target price on shares of Pool from $485.00 to $400.00 in a report on Tuesday, June 14th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $446.80.

Pool Price Performance

Shares of Pool stock opened at $331.63 on Monday. The firm has a market cap of $13.13 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. Pool Co. has a 12-month low of $322.88 and a 12-month high of $582.27. The company has a quick ratio of 1.00, a current ratio of 2.77 and a debt-to-equity ratio of 1.28. The company’s fifty day simple moving average is $362.18 and its two-hundred day simple moving average is $391.77.

Pool (NASDAQ:POOLGet Rating) last announced its earnings results on Thursday, July 21st. The specialty retailer reported $7.59 earnings per share for the quarter, beating analysts’ consensus estimates of $7.40 by $0.19. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.13 billion. Pool had a net margin of 13.17% and a return on equity of 68.34%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.37 EPS. As a group, equities analysts expect that Pool Co. will post 18.5 EPS for the current year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Wednesday, August 10th. Pool’s payout ratio is 20.80%.

Pool Company Profile

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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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.

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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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