Blueshift Asset Management LLC Has $622,000 Stock Holdings in Pool Co. (NASDAQ:POOL)

Blueshift Asset Management LLC lifted its stake in shares of Pool Co. (NASDAQ:POOL) by 82.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,825 shares of the specialty retailer’s stock after buying an additional 825 shares during the quarter. Blueshift Asset Management LLC’s holdings in Pool were worth $622,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Pool by 22.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after purchasing an additional 232,914 shares in the last quarter. Geode Capital Management LLC raised its stake in Pool by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer’s stock worth $362,196,000 after purchasing an additional 6,232 shares in the last quarter. Wasatch Advisors LP raised its stake in Pool by 0.6% in the 3rd quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer’s stock worth $213,020,000 after purchasing an additional 3,428 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Pool by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 419,919 shares of the specialty retailer’s stock worth $143,167,000 after purchasing an additional 3,575 shares in the last quarter. Finally, Berkshire Hathaway Inc acquired a new stake in Pool in the 3rd quarter worth about $152,249,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Insider Activity at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 62,577 shares of the company’s stock, 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 SEC, which can be accessed through this link. 3.00% of the stock is currently owned by insiders.

Pool Price Performance

Shares of NASDAQ:POOL opened at $320.34 on Friday. The firm has a 50 day moving average of $342.73 and a 200-day moving average of $354.39. The stock has a market capitalization of $12.05 billion, a PE ratio of 28.40, a PEG ratio of 2.03 and a beta of 1.05. 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 Co. has a 12 month low of $293.51 and a 12 month high of $420.98.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 8.18% and a return on equity of 31.11%. On average, equities research analysts predict that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, March 12th. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Pool 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.