Gitterman Wealth Management LLC Has $228,000 Stake in Pool Co. (NASDAQ:POOL)

Gitterman Wealth Management LLC trimmed its position in shares of Pool Co. (NASDAQ:POOL) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 569 shares of the specialty retailer’s stock after selling 34 shares during the period. Gitterman Wealth Management LLC’s holdings in Pool were worth $228,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC bought a new position in Pool in the 4th quarter valued at approximately $28,000. Stuart Chaussee & Associates Inc. raised its stake in shares of Pool by 250.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 77 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 55 shares during the period. CVA Family Office LLC bought a new stake in shares of Pool during the 4th quarter worth $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 and hedge funds.

Pool Price Performance

NASDAQ POOL traded up $1.17 on Friday, reaching $371.17. 437,342 shares of the company’s stock traded hands, compared to its average volume of 372,053. Pool Co. has a 12 month low of $307.77 and a 12 month high of $422.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 0.58. The stock has a 50-day simple moving average of $392.78 and a 200 day simple moving average of $373.92. The stock has a market cap of $14.29 billion, a PE ratio of 29.04, a P/E/G ratio of 3.54 and a beta of 1.00.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). Pool had a net margin of 9.17% and a return on equity of 35.49%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same period last year, the company posted $2.46 EPS. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, research analysts predict that Pool Co. will post 13.26 earnings per share for the current year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Wednesday, March 13th. Pool’s payout ratio is 34.43%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, General Counsel Jennifer M. Neil sold 1,100 shares of the firm’s stock in a transaction 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 completion of the sale, 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 is accessible through this hyperlink. 3.00% of the stock is currently owned by insiders.

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.