Geode Capital Management LLC Has $332.57 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

Geode Capital Management LLC raised its position in shares of Pool Co. (NASDAQ:POOL) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 977,862 shares of the specialty retailer’s stock after purchasing an additional 13,519 shares during the period. Geode Capital Management LLC’s holdings in Pool were worth $332,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Pool during the 4th quarter worth $116,833,000. JPMorgan Chase & Co. grew its position in Pool by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after acquiring an additional 232,914 shares during the last quarter. Wellington Management Group LLP raised its stake in Pool by 27.5% during the fourth quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer’s stock worth $355,435,000 after acquiring an additional 224,674 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Pool by 25.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 636,007 shares of the specialty retailer’s stock worth $216,840,000 after acquiring an additional 129,780 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of Pool in the 3rd quarter valued at approximately $40,750,000. 98.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the transaction, the director now owns 62,577 shares in the company, valued at $21,651,642. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jennifer M. Neil sold 1,223 shares of Pool stock in a transaction on Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the completion of the sale, the senior vice president now directly owns 9,667 shares of the company’s stock, valued at approximately $3,045,105. This trade represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on POOL. Wells Fargo & Company dropped their price objective on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Pool in a research note on Tuesday. They issued a “hold” rating and a $344.00 price target for the company. Finally, StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Pool has an average rating of “Hold” and an average price target of $365.33.

Pool Stock Up 0.4 %

Shares of POOL opened at $315.05 on Friday. The stock’s 50-day moving average price is $336.70 and its two-hundred day moving average price is $352.37. Pool Co. has a 12 month low of $293.51 and a 12 month high of $402.45. The company has a market capitalization of $11.88 billion, a PE ratio of 27.93, a PEG ratio of 2.03 and a beta of 1.13. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The company had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. On average, analysts anticipate that Pool Co. will post 11.32 EPS for the current year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool’s dividend payout ratio (DPR) is presently 42.55%.

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.