CWA Asset Management Group LLC Sells 996 Shares of Pool Co. (NASDAQ:POOL)

CWA Asset Management Group LLC trimmed its stake in shares of Pool Co. (NASDAQ:POOL) by 51.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 957 shares of the specialty retailer’s stock after selling 996 shares during the period. CWA Asset Management Group LLC’s holdings in Pool were worth $326,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of Pool in the third quarter worth about $31,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Pool in the third quarter valued at $60,000. Whittier Trust Co. of Nevada Inc. increased its position in Pool by 101.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock worth $123,000 after purchasing an additional 164 shares during the last quarter. GAMMA Investing LLC raised its stake in Pool by 24.8% during the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock valued at $151,000 after purchasing an additional 80 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in Pool during the third quarter valued at $160,000. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Performance

Shares of Pool stock opened at $324.79 on Thursday. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The company has a market capitalization of $12.36 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 2.20 and a beta of 1.03. The stock’s fifty day moving average is $360.75 and its two-hundred day moving average is $352.77. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, October 24th. The specialty retailer reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the business posted $3.50 earnings per share. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, analysts expect that Pool Co. will post 11.02 earnings per share for the current year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $1.20 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.48%. Pool’s payout ratio is 41.31%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Robert W. Baird boosted their price objective on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised their price objective on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Loop Capital boosted their target price on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, Oppenheimer raised their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Pool has a consensus rating of “Hold” and a consensus target price of $369.25.

About Pool

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.