State of New Jersey Common Pension Fund D Lowers Stake in Pool Co. (NASDAQ:POOL)

State of New Jersey Common Pension Fund D lessened its holdings in Pool Co. (NASDAQ:POOL) by 2.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,120 shares of the specialty retailer’s stock after selling 613 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Pool were worth $8,421,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new stake in Pool in the fourth quarter worth $28,000. CVA Family Office LLC bought a new position in Pool in the 4th quarter worth about $34,000. Lindbrook Capital LLC increased its stake in Pool by 73.7% during the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 42 shares in the last quarter. Huntington National Bank raised its holdings in Pool by 96.7% in the third quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after buying an additional 58 shares during the last quarter. Finally, Impact Partnership Wealth LLC purchased a new position in Pool in the third quarter worth about $43,000. Institutional investors own 98.99% of the company’s stock.

Insider Buying and Selling

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 owns 8,622 shares in the company, valued at approximately $3,457,422. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Pool Price Performance

Shares of Pool stock traded up $1.17 on Friday, hitting $371.17. 437,342 shares of the company traded hands, compared to its average volume of 332,308. Pool Co. has a 52 week low of $307.77 and a 52 week high of $422.73. The business has a 50-day simple moving average of $393.10 and a 200 day simple moving average of $373.55. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.58 and a current ratio of 2.36. The stock has a market capitalization of $14.29 billion, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 3.60 and a beta of 1.00.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a return on equity of 37.94% and a net margin of 9.44%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter in the previous year, the firm earned $2.46 EPS. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. Research analysts expect that Pool Co. will post 13.27 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend was Wednesday, March 13th. Pool’s dividend payout ratio (DPR) is 33.03%.

Analyst Ratings Changes

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