Geneva Capital Management LLC Has $34.85 Million Position in Pool Co. (NASDAQ:POOL)

Geneva Capital Management LLC lowered its holdings in Pool Co. (NASDAQ:POOL) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 87,416 shares of the specialty retailer’s stock after selling 217 shares during the quarter. Geneva Capital Management LLC’s holdings in Pool were worth $34,854,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of POOL. Turtle Creek Wealth Advisors LLC bought a new position in Pool during the 4th quarter valued at $28,000. Stuart Chaussee & Associates Inc. lifted its stake in Pool by 250.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 55 shares in the last quarter. CVA Family Office LLC bought a new position in Pool during the 4th quarter valued at $34,000. Lindbrook Capital LLC raised its stake in shares of Pool by 73.7% during 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 during the period. Finally, Huntington National Bank raised its stake in shares of Pool by 96.7% during the 3rd quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 58 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Pool

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the transaction, the general counsel now owns 8,622 shares of the company’s stock, valued at $3,457,422. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Pool Stock Performance

Pool stock traded up $7.18 during midday trading on Thursday, reaching $373.00. The stock had a trading volume of 210,078 shares, compared to its average volume of 334,199. Pool Co. has a 12 month low of $307.77 and a 12 month high of $422.73. The firm’s 50-day moving average price is $388.83 and its 200 day moving average price is $375.29. The firm has a market capitalization of $14.30 billion, a PE ratio of 29.19, a P/E/G ratio of 3.80 and a beta of 1.01. 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 (NASDAQ:POOL) last announced its quarterly earnings data 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 firm had revenue of $1.12 billion during 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 company’s revenue was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.46 earnings per share. As a group, research analysts predict that Pool Co. will post 13.02 earnings per share for the current fiscal year.

Pool Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Wednesday, May 15th. This is a positive change from Pool’s previous quarterly dividend of $1.10. Pool’s payout ratio is presently 37.56%.

Analyst Upgrades and Downgrades

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