Fisher Asset Management LLC Sells 22,375 Shares of Pool Co. (NASDAQ:POOL)

Fisher Asset Management LLC trimmed its holdings in shares of Pool Co. (NASDAQ:POOL) by 11.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 165,429 shares of the specialty retailer’s stock after selling 22,375 shares during the period. Fisher Asset Management LLC’s holdings in Pool were worth $65,958,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Turtle Creek Wealth Advisors LLC bought a new position in Pool during the 4th quarter valued at about $28,000. Stuart Chaussee & Associates Inc. lifted its holdings in Pool by 250.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 55 shares during the last quarter. CVA Family Office LLC acquired a new stake in Pool in the 4th quarter valued at about $34,000. Lindbrook Capital LLC increased its position in Pool by 73.7% in the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 42 shares in the last quarter. Finally, Huntington National Bank increased its position in Pool by 96.7% in the 3rd quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 58 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Pool Stock Up 1.3 %

Shares of NASDAQ POOL opened at $364.65 on Friday. The stock has a market cap of $13.98 billion, a P/E ratio of 28.53, a P/E/G ratio of 3.76 and a beta of 1.01. The firm has a 50 day moving average price of $390.55 and a 200 day moving average price of $374.28. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88. Pool Co. has a 52-week low of $307.77 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.46 EPS. Analysts expect that Pool Co. will post 13.02 EPS for the current year.

Pool Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $1.20 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.32%. This is a positive change from Pool’s previous quarterly dividend of $1.10. Pool’s payout ratio is presently 34.43%.

Wall Street Analysts Forecast Growth

POOL has been the subject of several research reports. Oppenheimer lowered their price objective on shares of Pool from $436.00 to $416.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Stifel Nicolaus lowered their price objective on shares of Pool from $370.00 to $360.00 and set a “hold” rating for the company in a research report on Monday, April 29th. TheStreet cut shares of 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 lifted their price target for the stock from $380.00 to $415.00 in a research report on Monday, January 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $391.80.

Insider Buying and Selling at Pool

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of Pool stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the transaction, the general counsel now owns 8,622 shares of the company’s stock, valued at $3,457,422. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.00% of the company’s stock.

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.