Campbell Newman Asset Management Inc. Lowers Position in Pool Co. (NASDAQ:POOL)

Campbell Newman Asset Management Inc. decreased its stake in Pool Co. (NASDAQ:POOL) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,710 shares of the specialty retailer’s stock after selling 65 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in Pool were worth $1,606,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in POOL. Heritage Family Offices LLP increased its holdings in Pool by 2.2% in the 3rd quarter. Heritage Family Offices LLP now owns 1,278 shares of the specialty retailer’s stock worth $482,000 after acquiring an additional 28 shares in the last quarter. CWM LLC boosted its position in shares of Pool by 3.7% in the third quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock worth $293,000 after purchasing an additional 28 shares during the period. Aurora Investment Counsel increased its stake in shares of Pool by 0.6% in the second quarter. Aurora Investment Counsel now owns 5,018 shares of the specialty retailer’s stock worth $1,542,000 after purchasing an additional 30 shares in the last quarter. Summit Trail Advisors LLC raised its position in shares of Pool by 4.8% during the 2nd quarter. Summit Trail Advisors LLC now owns 678 shares of the specialty retailer’s stock valued at $208,000 after purchasing an additional 31 shares during the period. Finally, Perennial Investment Advisors LLC lifted its stake in shares of Pool by 2.8% during the 2nd quarter. Perennial Investment Advisors LLC now owns 1,219 shares of the specialty retailer’s stock valued at $375,000 after buying an additional 33 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Trading Up 1.8 %

Shares of POOL traded up $6.14 during trading hours on Wednesday, reaching $345.82. 12,486 shares of the company traded hands, compared to its average volume of 385,808. The stock’s fifty day moving average price is $357.39 and its 200 day moving average price is $353.29. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 29.76, a PEG ratio of 2.20 and a beta of 1.03. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73.

Pool (NASDAQ:POOL) last released its quarterly earnings data on Thursday, October 24th. The specialty retailer reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.11. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Pool had a net margin of 8.42% and a return on equity of 31.89%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.50 EPS. Sell-side analysts forecast that Pool Co. will post 11.02 earnings per share for the current year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a $1.20 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $4.80 annualized dividend and a yield of 1.39%. Pool’s dividend payout ratio (DPR) is currently 41.31%.

Analysts Set New Price Targets

A number of brokerages have issued reports on POOL. Robert W. Baird increased their price target on Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Loop Capital increased their target price on Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Stifel Nicolaus lifted their target price on Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Oppenheimer upped their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Finally, StockNews.com upgraded shares of Pool from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Pool has an average rating of “Hold” and a consensus price target of $369.25.

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.