JGP Wealth Management LLC Sells 3,194 Shares of Pool Co. (NASDAQ:POOL)

JGP Wealth Management LLC decreased its position in Pool Co. (NASDAQ:POOL) by 9.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,440 shares of the specialty retailer’s stock after selling 3,194 shares during the quarter. Pool accounts for 1.6% of JGP Wealth Management LLC’s portfolio, making the stock its 23rd largest position. JGP Wealth Management LLC owned about 0.08% of Pool worth $12,223,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. LVW Advisors LLC lifted its stake in Pool by 11.1% in the third quarter. LVW Advisors LLC now owns 2,716 shares of the specialty retailer’s stock worth $1,023,000 after acquiring an additional 271 shares during the period. Strong Tower Advisory Services grew its stake in shares of Pool by 10.3% in the 3rd quarter. Strong Tower Advisory Services now owns 1,235 shares of the specialty retailer’s stock worth $465,000 after buying an additional 115 shares during the last quarter. CWM LLC increased its position in Pool by 3.7% during the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock valued at $293,000 after buying an additional 28 shares in the last quarter. Sugarloaf Wealth Management LLC raised its stake in Pool by 27.7% during the third quarter. Sugarloaf Wealth Management LLC now owns 526 shares of the specialty retailer’s stock valued at $198,000 after buying an additional 114 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its holdings in Pool by 8.2% in the third quarter. Atomi Financial Group Inc. now owns 1,563 shares of the specialty retailer’s stock worth $589,000 after acquiring an additional 118 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Analysts Set New Price Targets

POOL has been the subject of several analyst reports. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company lifted their price target on shares of Pool from $330.00 to $370.00 and gave the company an “equal weight” rating in a report on Monday. Bank of America decreased their price target on shares of Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 25th. The Goldman Sachs Group lifted their price target on Pool from $365.00 to $415.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Oppenheimer lifted their price target on shares of Pool from $356.00 to $380.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $354.44.

Pool Stock Performance

Pool stock traded up $5.13 during trading hours on Friday, reaching $367.63. 37,941 shares of the stock were exchanged, compared to its average volume of 350,301. The firm’s 50 day moving average is $356.15 and its 200 day moving average is $356.11. The stock has a market cap of $14.07 billion, a P/E ratio of 30.56, a P/E/G ratio of 2.68 and a beta of 1.01. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.88 and a current ratio of 2.48. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $4.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.90 by $0.09. Pool had a return on equity of 32.85% and a net margin of 8.58%. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter last year, the firm earned $5.89 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. Analysts predict that Pool Co. will post 10.98 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Thursday, August 15th were given a dividend of $1.20 per share. The ex-dividend date was Thursday, August 15th. This represents a $4.80 dividend on an annualized basis and a yield of 1.31%. Pool’s dividend payout ratio (DPR) is 40.47%.

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.