SG Americas Securities LLC Purchases 8,342 Shares of Pool Co. (NASDAQ:POOL)

SG Americas Securities LLC lifted its position in shares of Pool Co. (NASDAQ:POOL) by 468.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,123 shares of the specialty retailer’s stock after purchasing an additional 8,342 shares during the period. SG Americas Securities LLC’s holdings in Pool were worth $4,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Czech National Bank raised its holdings in shares of Pool by 0.4% in the 1st quarter. Czech National Bank now owns 6,805 shares of the specialty retailer’s stock valued at $2,746,000 after acquiring an additional 30 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of Pool by 5.4% in the 1st quarter. Wedmont Private Capital now owns 590 shares of the specialty retailer’s stock valued at $236,000 after acquiring an additional 30 shares in the last quarter. Great Lakes Advisors LLC raised its holdings in shares of Pool by 1.2% in the 4th quarter. Great Lakes Advisors LLC now owns 2,724 shares of the specialty retailer’s stock valued at $1,086,000 after acquiring an additional 31 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Pool by 39.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 36 shares in the last quarter. Finally, Capital Asset Advisory Services LLC raised its holdings in shares of Pool by 6.9% in the 1st quarter. Capital Asset Advisory Services LLC now owns 577 shares of the specialty retailer’s stock valued at $229,000 after acquiring an additional 37 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Performance

Shares of POOL stock opened at $328.40 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.56 and a current ratio of 1.88. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The stock has a 50 day moving average price of $342.99 and a two-hundred day moving average price of $371.96. The company has a market capitalization of $12.59 billion, a P/E ratio of 25.70, a PEG ratio of 2.42 and a beta of 1.00.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02). Pool had a net margin of 9.17% and a return on equity of 35.49%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the firm posted $2.46 earnings per share. Pool’s quarterly revenue was down 7.1% on a year-over-year basis. Analysts expect that Pool Co. will post 10.94 earnings per share for the current year.

Pool Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 16th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This is a boost from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 annualized dividend and a dividend yield of 1.46%. Pool’s payout ratio is 37.56%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on POOL shares. Stephens decreased their price objective on Pool from $425.00 to $350.00 and set an “overweight” rating on the stock in a report on Tuesday, June 25th. Oppenheimer decreased their price objective on Pool from $416.00 to $356.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Loop Capital decreased their price objective on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. Bank of America decreased their price objective on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a report on Tuesday, June 25th. Finally, Robert W. Baird decreased their price objective on Pool from $380.00 to $305.00 and set a “neutral” rating on the stock in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $328.00.

Pool Company 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.