Eagle Bay Advisors LLC Cuts Holdings in Pool Co. (NASDAQ:POOL)

Eagle Bay Advisors LLC lessened its position in shares of Pool Co. (NASDAQ:POOL) by 23.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 347 shares of the specialty retailer’s stock after selling 109 shares during the period. Eagle Bay Advisors LLC’s holdings in Pool were worth $118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Heritage Family Offices LLP grew its stake in shares of Pool by 2.2% in the third quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock valued at $482,000 after buying an additional 28 shares in the last quarter. CWM LLC boosted its holdings in Pool by 3.7% in the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock worth $293,000 after acquiring an additional 28 shares during the period. Aurora Investment Counsel raised its stake in shares of Pool by 0.6% during the second quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock valued at $1,542,000 after purchasing an additional 30 shares during the period. Summit Trail Advisors LLC lifted its position in shares of Pool by 4.8% during the second quarter. Summit Trail Advisors LLC now owns 678 shares of the specialty retailer’s stock worth $208,000 after purchasing an additional 31 shares in the last quarter. Finally, Perennial Investment Advisors LLC boosted its stake in shares of Pool by 2.8% in the second quarter. Perennial Investment Advisors LLC now owns 1,219 shares of the specialty retailer’s stock valued at $375,000 after purchasing an additional 33 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Stock Performance

Shares of POOL opened at $334.43 on Tuesday. The stock has a market capitalization of $12.73 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 2.20 and a beta of 1.03. The business’s fifty day moving average price is $357.98 and its 200 day moving average price is $353.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73.

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

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 dividend on an annualized basis and a yield of 1.44%. Pool’s dividend payout ratio is currently 41.31%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Pool from $330.00 to $370.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Oppenheimer boosted their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Stifel Nicolaus raised their price objective on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. StockNews.com raised Pool from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Robert W. Baird increased their target price on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $369.25.

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.