Penobscot Investment Management Company Inc. Sells 910 Shares of Pool Co. (NASDAQ:POOL)

Penobscot Investment Management Company Inc. reduced its holdings in shares of Pool Co. (NASDAQ:POOL) by 32.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,930 shares of the specialty retailer’s stock after selling 910 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Pool were worth $658,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of POOL. Rakuten Securities Inc. grew its position in shares of Pool by 2,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 69 shares during the period. Brooklyn Investment Group bought a new position in Pool during the third quarter valued at $31,000. Atala Financial Inc purchased a new stake in Pool in the fourth quarter worth $29,000. Sierra Ocean LLC bought a new stake in shares of Pool in the fourth quarter valued at $30,000. Finally, Private Trust Co. NA lifted its position in shares of Pool by 76.9% during the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

POOL has been the topic of a number of research reports. Wells Fargo & Company lowered their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. StockNews.com lowered shares of 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, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $368.00.

Pool Price Performance

POOL stock opened at $326.93 on Thursday. The firm has a 50 day moving average of $342.15 and a 200-day moving average of $354.12. The firm has a market capitalization of $12.30 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. Pool Co. has a 12 month low of $293.51 and a 12 month high of $415.05. 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 announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS 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 net margin of 8.18% and a return on equity of 31.11%. As a group, sell-side analysts predict that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were paid a $1.20 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a yield of 1.47%. Pool’s dividend payout ratio is currently 42.55%.

Insider Buying and Selling at Pool

In related 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 value of $3,460,000.00. Following the transaction, the director now owns 62,577 shares of the company’s stock, valued at $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.