Pool Co. (NASDAQ:POOL) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. trimmed its holdings in Pool Co. (NASDAQ:POOL) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,802 shares of the specialty retailer’s stock after selling 845 shares during the quarter. Bridges Investment Management Inc.’s holdings in Pool were worth $23,457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Versor Investments LP acquired a new position in Pool in the third quarter valued at $720,000. Parnassus Investments LLC increased its position in Pool by 3.5% in the 3rd quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock valued at $77,142,000 after acquiring an additional 6,987 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Pool by 816.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock valued at $13,601,000 after acquiring an additional 36,403 shares during the last quarter. L. Roy Papp & Associates LLP purchased a new position in shares of Pool in the 4th quarter valued at approximately $653,000. Finally, National Bank of Canada FI increased its holdings in shares of Pool by 46.6% in the third quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock valued at $5,869,000 after purchasing an additional 4,954 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Trading Up 1.3 %

Shares of POOL opened at $347.00 on Friday. The firm’s 50-day moving average is $342.99 and its two-hundred day moving average is $355.50. Pool Co. has a twelve month low of $293.51 and a twelve month high of $422.73. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $13.21 billion, a P/E ratio of 30.76, a PEG ratio of 2.03 and a beta of 1.03.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. The firm had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. On average, research analysts predict that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.38%. Pool’s dividend payout ratio is presently 42.55%.

Insider Activity at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the sale, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. This represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

POOL has been the subject of several recent research reports. Wells Fargo & Company decreased their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $368.00.

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.