Congress Asset Management Co. MA Decreases Stock Holdings in Pool Co. (NASDAQ:POOL)

Congress Asset Management Co. MA lowered its stake in Pool Co. (NASDAQ:POOL) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 353,435 shares of the specialty retailer’s stock after selling 3,129 shares during the quarter. Pool accounts for 1.1% of Congress Asset Management Co. MA’s portfolio, making the stock its 18th largest position. Congress Asset Management Co. MA owned about 0.91% of Pool worth $140,918,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Great Lakes Advisors LLC grew its stake in shares of Pool by 1.2% during 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 during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of Pool by 39.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 127 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 36 shares during the last quarter. Avior Wealth Management LLC grew its stake in Pool by 4.6% during the fourth quarter. Avior Wealth Management LLC now owns 889 shares of the specialty retailer’s stock valued at $354,000 after acquiring an additional 39 shares in the last quarter. Lindbrook Capital LLC lifted its stake in Pool by 73.7% in the 4th quarter. Lindbrook Capital LLC now owns 99 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 42 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its holdings in shares of Pool by 4.5% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,029 shares of the specialty retailer’s stock valued at $410,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 0.5 %

Shares of NASDAQ:POOL traded down $1.69 during trading on Friday, hitting $341.31. The company had a trading volume of 224,397 shares, compared to its average volume of 295,183. The stock has a market cap of $13.08 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 3.58 and a beta of 1.02. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.56. The company has a fifty day simple moving average of $365.44 and a two-hundred day simple moving average of $379.92. Pool Co. has a one year low of $308.45 and a one year high of $422.73.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing the consensus estimate of $1.87 by ($0.02). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.46 earnings per share. As a group, equities analysts forecast that Pool Co. will post 13.02 earnings per share for the current year.

Pool Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a dividend of $1.20 per share. This is a positive change from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Wednesday, May 15th. Pool’s dividend payout ratio (DPR) is currently 37.56%.

Wall Street Analyst Weigh In

POOL has been the topic of a number of research analyst reports. Oppenheimer decreased their target price on Pool from $436.00 to $416.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Stifel Nicolaus decreased their price objective on Pool from $370.00 to $360.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Finally, TheStreet lowered shares of Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $391.80.

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.