Oregon Public Employees Retirement Fund Sells 33 Shares of Pool Co. (NASDAQ:POOL)

Oregon Public Employees Retirement Fund trimmed its holdings in shares of Pool Co. (NASDAQ:POOL) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,278 shares of the specialty retailer’s stock after selling 33 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Pool were worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Versor Investments LP bought a new stake in shares of Pool in the 3rd quarter valued at about $720,000. Parnassus Investments LLC boosted its holdings in shares of Pool by 3.5% in the 3rd quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock valued at $77,142,000 after buying an additional 6,987 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Pool by 816.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock valued at $13,601,000 after buying an additional 36,403 shares in the last quarter. L. Roy Papp & Associates LLP bought a new stake in shares of Pool in the 4th quarter valued at about $653,000. Finally, National Bank of Canada FI boosted its holdings in shares of Pool by 46.6% in the 3rd quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock valued at $5,869,000 after buying an additional 4,954 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Up 1.3 %

POOL stock opened at $347.00 on Friday. The firm has a 50 day moving average of $342.99 and a 200 day moving average of $355.50. The stock has a market capitalization of $13.21 billion, a PE ratio of 30.76, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Pool had a net margin of 8.18% and a return on equity of 31.11%. The company had revenue of $987.48 million during the quarter, compared to analyst estimates of $961.04 million. Sell-side analysts forecast that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Wednesday, March 12th. Pool’s dividend payout ratio is presently 42.55%.

Wall Street Analysts Forecast Growth

POOL has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday. Two investment 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $368.00.

Insiders Place Their Bets

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool 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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.

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.