Cambridge Trust Co. decreased its stake in Pool Co. (NASDAQ:POOL – Free Report) by 31.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 280 shares of the specialty retailer’s stock after selling 126 shares during the quarter. Cambridge Trust Co.’s holdings in Pool were worth $113,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wedmont Private Capital lifted its position in Pool by 5.4% in the 1st quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer’s stock worth $236,000 after buying an additional 30 shares in the last quarter. Czech National Bank lifted its position in Pool by 0.4% in the 1st quarter. Czech National Bank now owns 6,805 shares of the specialty retailer’s stock worth $2,746,000 after buying an additional 30 shares in the last quarter. TIAA Trust National Association lifted its position in Pool by 4.2% in the 1st quarter. TIAA Trust National Association now owns 747 shares of the specialty retailer’s stock worth $301,000 after buying an additional 30 shares in the last quarter. Great Lakes Advisors LLC lifted its position in Pool by 1.2% in the 4th quarter. Great Lakes Advisors LLC now owns 2,724 shares of the specialty retailer’s stock worth $1,086,000 after buying an additional 31 shares in the last quarter. Finally, Hutchens & Kramer Investment Management Group LLC lifted its position in Pool by 6.1% in the 1st quarter. Hutchens & Kramer Investment Management Group LLC now owns 640 shares of the specialty retailer’s stock worth $257,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.
Pool Stock Performance
NASDAQ:POOL traded down $12.17 during midday trading on Friday, reaching $353.39. The stock had a trading volume of 514,480 shares, compared to its average volume of 516,830. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The firm’s fifty day simple moving average is $336.23 and its 200-day simple moving average is $368.03. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.48 and a quick ratio of 0.88. The stock has a market capitalization of $13.52 billion, a P/E ratio of 27.65, a PEG ratio of 2.69 and a beta of 1.00.
Pool Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th will be given a $1.20 dividend. The ex-dividend date is Thursday, August 15th. This represents a $4.80 annualized dividend and a yield of 1.36%. Pool’s dividend payout ratio is 37.56%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on POOL shares. Loop Capital cut their target price on shares of Pool from $370.00 to $305.00 and set a “hold” rating for the company in a research report on Tuesday, June 25th. Oppenheimer raised their price target on shares of Pool from $356.00 to $380.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Bank of America cut their price target on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a report on Tuesday, June 25th. The Goldman Sachs Group raised their price target on shares of Pool from $365.00 to $415.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company raised their price target on shares of Pool from $285.00 to $330.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $347.22.
Get Our Latest Research Report on Pool
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.
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