Meeder Asset Management Inc. Sells 450 Shares of Pool Co. (NASDAQ:POOL)

Meeder Asset Management Inc. trimmed its stake in Pool Co. (NASDAQ:POOL) by 70.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 193 shares of the specialty retailer’s stock after selling 450 shares during the period. Meeder Asset Management Inc.’s holdings in Pool were worth $78,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC bought a new position in Pool in the 4th quarter worth approximately $28,000. Stuart Chaussee & Associates Inc. increased its position in Pool by 250.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock worth $31,000 after buying an additional 55 shares during the period. CVA Family Office LLC bought a new position in Pool in the 4th quarter worth approximately $34,000. Lindbrook Capital LLC increased its position 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 buying an additional 42 shares during the period. Finally, VisionPoint Advisory Group LLC increased its position in Pool by 11,800.0% in the 4th quarter. VisionPoint Advisory Group LLC now owns 119 shares of the specialty retailer’s stock worth $47,000 after buying an additional 118 shares during the period. 98.99% of the stock is owned by institutional investors.

Pool Trading Down 0.4 %

NASDAQ POOL traded down $1.36 on Monday, reaching $327.04. The company had a trading volume of 475,481 shares, compared to its average volume of 364,194. The stock’s 50 day moving average is $342.11 and its 200-day moving average is $371.21. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 2.42 and a beta of 1.00. The company has a quick ratio of 0.56, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). Pool had a net margin of 9.17% and a return on equity of 35.49%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company posted $2.46 EPS. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. Equities analysts predict that Pool Co. will post 10.94 earnings per share for the current year.

Pool Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th were paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.47%. This is a boost from Pool’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, May 15th. Pool’s payout ratio is presently 37.56%.

Analysts Set New Price Targets

Several analysts have recently weighed in on POOL shares. Robert W. Baird decreased their price objective on Pool from $380.00 to $305.00 and set a “neutral” rating on the stock in a report on Tuesday, June 25th. 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. Wells Fargo & Company decreased their price objective on Pool from $360.00 to $290.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 25th. Loop Capital decreased their price target on Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a research note on Tuesday, June 25th. Finally, Oppenheimer decreased their price target on Pool from $416.00 to $356.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $328.00.

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.