Cambridge Trust Co. Has $113,000 Stake in Pool Co. (NASDAQ:POOL)

Cambridge Trust Co. decreased its stake in Pool Co. (NASDAQ:POOL) 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 (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.09. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.74 billion. Pool had a net margin of 8.58% and a return on equity of 32.85%. The business’s quarterly revenue was down 4.7% on a year-over-year basis. During the same period last year, the business posted $5.89 EPS. On average, equities research analysts forecast that Pool Co. will post 10.95 EPS for the current fiscal year.

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.

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.