State of New Jersey Common Pension Fund D Has $8.42 Million Stake in Pool Co. (NASDAQ:POOL)

State of New Jersey Common Pension Fund D reduced its holdings in Pool Co. (NASDAQ:POOL) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,120 shares of the specialty retailer’s stock after selling 613 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.05% of Pool worth $8,421,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. CWM LLC grew its holdings in shares of Pool by 18.6% during the third quarter. CWM LLC now owns 645 shares of the specialty retailer’s stock worth $230,000 after purchasing an additional 101 shares during the last quarter. Impact Partnership Wealth LLC acquired a new stake in Pool in the 3rd quarter valued at about $43,000. Exchange Traded Concepts LLC bought a new position in shares of Pool in the third quarter worth about $80,000. Koshinski Asset Management Inc. lifted its position in shares of Pool by 9.1% during the third quarter. Koshinski Asset Management Inc. now owns 633 shares of the specialty retailer’s stock worth $225,000 after purchasing an additional 53 shares in the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of Pool in the third quarter valued at approximately $432,000. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on POOL shares. TheStreet cut Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $370.00 price target on shares of Pool in a research note on Tuesday, March 5th. Oppenheimer increased their target price on Pool from $407.00 to $436.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Finally, Loop Capital lowered Pool from a “buy” rating to a “hold” rating and boosted their target price for the stock from $380.00 to $415.00 in a research report on Monday, January 8th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $397.80.

Insiders Place Their Bets

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

Pool Stock Performance

POOL traded up $1.17 during trading hours on Friday, reaching $371.17. The company’s stock had a trading volume of 437,342 shares, compared to its average volume of 332,308. The company’s 50-day moving average is $393.10 and its 200-day moving average is $373.55. Pool Co. has a 52 week low of $307.77 and a 52 week high of $422.73. The firm has a market cap of $14.29 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 3.60 and a beta of 1.00. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.58 and a current ratio of 2.36.

Pool (NASDAQ:POOL) last released its quarterly earnings data 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 company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. Pool had a net margin of 9.44% and a return on equity of 37.94%. Pool’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.46 earnings per share. On average, equities analysts forecast that Pool Co. will post 13.27 EPS for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.40 annualized dividend and a yield of 1.19%. Pool’s dividend payout ratio is currently 33.03%.

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.