Pittenger & Anderson Inc. Has $801,000 Stake in Pool Co. (NASDAQ:POOL)

Pittenger & Anderson Inc. cut its stake in Pool Co. (NASDAQ:POOL) by 27.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,009 shares of the specialty retailer’s stock after selling 774 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Pool were worth $801,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in POOL. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Pool by 3.6% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,845,204 shares of the specialty retailer’s stock worth $657,077,000 after buying an additional 63,413 shares during the period. JPMorgan Chase & Co. lifted its stake in Pool by 56.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock valued at $308,156,000 after acquiring an additional 313,190 shares in the last quarter. Blair William & Co. IL boosted its position in Pool by 1.6% during the 3rd quarter. Blair William & Co. IL now owns 777,707 shares of the specialty retailer’s stock worth $276,941,000 after acquiring an additional 12,389 shares during the last quarter. Invesco Ltd. grew its stake in shares of Pool by 22.0% during the 3rd quarter. Invesco Ltd. now owns 634,329 shares of the specialty retailer’s stock worth $225,885,000 after acquiring an additional 114,298 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of Pool by 10.9% in the third quarter. William Blair Investment Management LLC now owns 606,678 shares of the specialty retailer’s stock valued at $216,038,000 after purchasing an additional 59,757 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

POOL has been the subject of several recent research reports. Stifel Nicolaus restated a “hold” rating and set a $370.00 target price on shares of Pool in a report on Tuesday, March 5th. TheStreet cut Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Loop Capital cut Pool from a “buy” rating to a “hold” rating and increased their price target for the company from $380.00 to $415.00 in a research report on Monday, January 8th. Finally, Oppenheimer upped their price objective on shares of Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Pool currently has a consensus rating of “Hold” and an average target price of $397.80.

Insider Buying and Selling

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the sale, the general counsel now owns 8,622 shares of the company’s stock, valued at $3,457,422. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is owned by company insiders.

Pool Stock Performance

POOL stock traded down $7.39 during trading hours on Thursday, hitting $370.00. 1,051,609 shares of the stock were exchanged, compared to its average volume of 330,821. The company has a 50-day simple moving average of $393.49 and a two-hundred day simple moving average of $373.57. The firm has a market capitalization of $14.24 billion, a P/E ratio of 28.33, a P/E/G ratio of 3.58 and a beta of 1.00. Pool Co. has a 12 month low of $307.77 and a 12 month high of $422.73. The company has a current ratio of 2.36, a quick ratio of 0.58 and a debt-to-equity ratio of 0.77.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. Pool had a net margin of 9.44% and a return on equity of 37.94%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the firm posted $1.79 EPS. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, analysts forecast that Pool Co. will post 13.27 earnings per share for the current fiscal year.

Pool Dividend Announcement

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 dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Wednesday, March 13th. Pool’s dividend payout ratio (DPR) is currently 33.03%.

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.