Fenimore Asset Management Inc Sells 216 Shares of Pool Co. (NASDAQ:POOL)

Fenimore Asset Management Inc reduced its stake in shares of Pool Co. (NASDAQ:POOL) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,864 shares of the specialty retailer’s stock after selling 216 shares during the period. Fenimore Asset Management Inc owned 0.26% of Pool worth $34,048,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Brooklyn Investment Group acquired a new position in shares of Pool during the 3rd quarter valued at about $31,000. Wilmington Savings Fund Society FSB acquired a new position in Pool during the third quarter valued at approximately $60,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Pool by 101.2% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock valued at $123,000 after purchasing an additional 164 shares during the period. GAMMA Investing LLC lifted its stake in shares of Pool by 24.8% in the third quarter. GAMMA Investing LLC now owns 402 shares of the specialty retailer’s stock worth $151,000 after buying an additional 80 shares during the last quarter. Finally, Hilltop National Bank boosted its holdings in shares of Pool by 18.1% during the 4th quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after buying an additional 63 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Pool Stock Down 2.3 %

Shares of POOL stock opened at $353.74 on Friday. Pool Co. has a one year low of $293.51 and a one year high of $422.73. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77. The stock has a fifty day moving average price of $355.69 and a 200 day moving average price of $355.43. The stock has a market cap of $13.46 billion, a P/E ratio of 30.44, a price-to-earnings-growth ratio of 2.02 and a beta of 1.03.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.11. Pool had a net margin of 8.42% and a return on equity of 31.89%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the business earned $3.50 EPS. The firm’s revenue was down 2.8% on a year-over-year basis. Analysts predict that Pool Co. will post 11.03 earnings per share for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $4.80 annualized dividend and a dividend yield of 1.36%. Pool’s dividend payout ratio is currently 41.31%.

Wall Street Analyst Weigh In

Several brokerages recently commented on POOL. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a report on Sunday, January 19th. Stifel Nicolaus lifted their price objective on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Robert W. Baird increased their target price on Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised their target price on Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Oppenheimer upped their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $369.25.

Pool 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.