Geneva Capital Management LLC Sells 217 Shares of Pool Co. (NASDAQ:POOL)

Geneva Capital Management LLC lessened its position in shares of Pool Co. (NASDAQ:POOL) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,416 shares of the specialty retailer’s stock after selling 217 shares during the period. Geneva Capital Management LLC owned approximately 0.23% of Pool worth $34,854,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of POOL. Turtle Creek Wealth Advisors LLC bought a new position in shares of Pool in the 4th quarter worth $28,000. Stuart Chaussee & Associates Inc. increased its holdings in shares of 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 last quarter. CVA Family Office LLC bought a new position in shares of Pool in the 4th quarter worth $34,000. Lindbrook Capital LLC increased its holdings in shares of 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 last quarter. Finally, Huntington National Bank increased its holdings in shares of Pool by 96.7% in the 3rd quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after buying an additional 58 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Trading Up 2.0 %

NASDAQ POOL traded up $7.18 during trading on Thursday, hitting $373.00. The company had a trading volume of 210,078 shares, compared to its average volume of 334,199. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. The company’s fifty day moving average is $388.83 and its 200-day moving average is $375.29. The company has a market cap of $14.30 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 3.80 and a beta of 1.01. Pool Co. has a one year low of $307.77 and a one year high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.46 EPS. On average, sell-side analysts predict that Pool Co. will post 13.02 earnings per share for the current year.

Pool Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Investors of record on Thursday, May 16th will be issued a $1.20 dividend. This is an increase from Pool’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.29%. Pool’s dividend payout ratio (DPR) is presently 37.56%.

Insider Buying and Selling

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $401.00, for a total value of $441,100.00. Following the transaction, the general counsel now owns 8,622 shares of the company’s stock, valued at $3,457,422. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.