abrdn plc Lowers Stake in Pool Co. (NASDAQ:POOL)

abrdn plc cut its stake in Pool Co. (NASDAQ:POOL) by 6.4% in the 4th quarter, Holdings Channel reports. The fund owned 77,666 shares of the specialty retailer’s stock after selling 5,310 shares during the quarter. abrdn plc’s holdings in Pool were worth $30,966,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Pool in the 4th quarter worth about $28,000. CVA Family Office LLC purchased a new stake in Pool in the fourth quarter worth approximately $34,000. Huntington National Bank grew its position in Pool by 96.7% during the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 58 shares during the last quarter. Impact Partnership Wealth LLC bought a new position in Pool during the third quarter valued at approximately $43,000. Finally, Allworth Financial LP lifted its holdings in shares of Pool by 48.2% in the 3rd quarter. Allworth Financial LP now owns 123 shares of the specialty retailer’s stock worth $44,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

Pool stock opened at $365.88 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 0.58 and a debt-to-equity ratio of 0.77. The firm has a market cap of $14.08 billion, a P/E ratio of 27.47, a P/E/G ratio of 3.35 and a beta of 1.00. Pool Co. has a 1-year low of $307.77 and a 1-year high of $422.73. The firm has a 50-day moving average of $394.15 and a 200-day moving average of $373.05.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $1.02 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. Pool’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.79 EPS. Sell-side analysts expect that Pool Co. will post 13.3 EPS for the current year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.20%. The ex-dividend date was Wednesday, March 13th. Pool’s dividend payout ratio (DPR) is currently 33.03%.

Insider Buying and Selling at Pool

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the completion of the sale, the general counsel now directly owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on POOL. TheStreet lowered shares of Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $370.00 price objective on shares of Pool in a report on Tuesday, March 5th. Oppenheimer boosted their target price on Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, Loop Capital cut Pool from a “buy” rating to a “hold” rating and lifted their price target for the stock from $380.00 to $415.00 in a research note on Monday, January 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Pool currently has a consensus rating of “Hold” and an average target price of $397.80.

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.