Verition Fund Management LLC Makes New Investment in Pool Co. (NASDAQ:POOL)

Verition Fund Management LLC acquired a new position in Pool Co. (NASDAQ:POOLGet Rating) during the first quarter, Holdings Channel.com reports. The firm acquired 1,784 shares of the specialty retailer’s stock, valued at approximately $754,000.

Other institutional investors have also recently added to or reduced their stakes in the company. American National Bank lifted its holdings in Pool by 52.0% in the 1st quarter. American National Bank now owns 76 shares of the specialty retailer’s stock worth $32,000 after buying an additional 26 shares in the last quarter. Allworth Financial LP lifted its holdings in Pool by 241.7% in the 1st quarter. Allworth Financial LP now owns 82 shares of the specialty retailer’s stock worth $35,000 after buying an additional 58 shares in the last quarter. Curi Wealth Management LLC lifted its holdings in Pool by 142.9% in the 1st quarter. Curi Wealth Management LLC now owns 85 shares of the specialty retailer’s stock worth $35,000 after buying an additional 50 shares in the last quarter. Huntington National Bank lifted its holdings in Pool by 203.4% in the 1st quarter. Huntington National Bank now owns 88 shares of the specialty retailer’s stock worth $37,000 after buying an additional 59 shares in the last quarter. Finally, Harding Loevner LP acquired a new position in Pool in the 1st quarter worth $41,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on POOL shares. Jefferies Financial Group dropped their target price on shares of Pool from $485.00 to $400.00 in a research report on Tuesday, June 14th. Stephens dropped their target price on shares of Pool to $400.00 in a research report on Tuesday, July 26th. Robert W. Baird downgraded shares of Pool from an “outperform” rating to a “neutral” rating and set a $398.00 target price for the company. in a research report on Thursday, July 14th. TheStreet raised shares of Pool from a “c+” rating to a “b” rating in a research report on Thursday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Pool in a research report on Wednesday, August 17th. They issued a “hold” rating and a $431.00 target price for the company. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $446.80.

Insiders Place Their Bets

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

Pool Price Performance

Shares of NASDAQ:POOL opened at $314.95 on Friday. Pool Co. has a fifty-two week low of $313.51 and a fifty-two week 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 has a market cap of $12.47 billion, a PE ratio of 16.38, a P/E/G ratio of 1.77 and a beta of 0.88. The firm has a 50-day simple moving average of $358.64 and a 200 day simple moving average of $389.01.

Pool (NASDAQ:POOLGet Rating) last posted its earnings results on Thursday, July 21st. The specialty retailer reported $7.59 EPS for the quarter, topping the consensus estimate of $7.40 by $0.19. Pool had a net margin of 13.17% and a return on equity of 68.34%. The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter in the prior year, the firm earned $6.37 EPS. Pool’s quarterly revenue was up 15.0% on a year-over-year basis. On average, sell-side analysts anticipate that Pool Co. will post 18.5 EPS for the current year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 25th. Shareholders of record on Thursday, August 11th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Wednesday, August 10th. Pool’s dividend payout ratio (DPR) is 20.80%.

Pool Company Profile

(Get Rating)

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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