abrdn plc Has $30.97 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

abrdn plc lowered its position in shares of Pool Co. (NASDAQ:POOL) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,666 shares of the specialty retailer’s stock after selling 5,310 shares during the quarter. abrdn plc owned approximately 0.20% of Pool worth $30,966,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in shares of Pool by 11.0% in the fourth quarter. Nordea Investment Management AB now owns 49,129 shares of the specialty retailer’s stock valued at $19,720,000 after acquiring an additional 4,877 shares during the last quarter. James Hambro & Partners boosted its stake in Pool by 21.4% in the fourth quarter. James Hambro & Partners now owns 189,479 shares of the specialty retailer’s stock worth $75,573,000 after purchasing an additional 33,402 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Pool by 30,047.2% during the fourth quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock worth $73,322,000 after purchasing an additional 183,288 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Pool by 394.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,556 shares of the specialty retailer’s stock worth $1,817,000 after acquiring an additional 3,635 shares during the last quarter. Finally, WCM Investment Management LLC bought a new stake in shares of Pool during the fourth quarter valued at approximately $4,329,000. 98.99% of the stock is owned by institutional investors.

Pool Price Performance

Pool stock opened at $365.88 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 0.58 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $14.08 billion, a P/E ratio of 27.47, a PEG ratio of 3.35 and a beta of 1.00. The business has a 50-day moving average of $394.15 and a 200-day moving average of $373.05. Pool Co. has a 1 year low of $307.77 and a 1 year high of $422.73.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 EPS for the quarter, beating the consensus estimate of $1.28 by $0.02. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. Pool had a net margin of 9.44% and a return on equity of 37.94%. The business’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.79 earnings per share. On average, equities analysts anticipate that Pool Co. will post 13.3 EPS for the current year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $1.10 per share. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a yield of 1.20%. Pool’s dividend payout ratio is presently 33.03%.

Insider Buying and Selling at Pool

In other news, General Counsel Jennifer M. Neil sold 1,100 shares of the firm’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 sale, 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 available at the SEC website. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.