Increased Holdings in Pool Co.
A recent move by Norinchukin Bank The has shed light on the growing interest of institutional investors in Pool Co. (NASDAQ:POOL – Free Report). During the fourth quarter, the bank raised its holdings in shares of Pool Co. by 11.0%. This was a notable increase, considering the specialty retailer’s stock was already under pressure due to various market factors.
- Pool Co.’s stock had seen a decline in recent months, with the 50-day simple moving average falling below the 200-day simple moving average.
- The increase in Pool Co.’s stock price may be attributed to the growing demand for recreational products and the company’s efforts to expand its product offerings.
Other Large Investors’ Moves
Several other large investors have also made significant changes to their positions in Pool Co. during the fourth quarter. These moves reflect the ongoing interest in the company’s growth potential and its ability to adapt to changing market conditions.
- Waterloo Capital L.P. grew its holdings in shares of Pool Co. by 7.1%.
- Venturi Wealth Management LLC boosted its position in Pool Co. by 4.0%.
- Sugarloaf Wealth Management LLC increased its stake in shares of Pool Co. by 10.1%.
A Look at the Market Cap and Valuation
Despite the recent increase in Pool Co.’s stock price, the company’s market cap remains substantial. The company has a market cap of $11.57 billion, which indicates its size and scale. However, the current price-to-earnings (P/E) ratio of 27.19 may indicate that the stock is overvalued.
| Market Cap | $11.57 billion |
|---|---|
| P/E Ratio | 27.19 |
Institutional Investors and Insider Activity
Institutional investors, such as hedge funds and other large investors, hold a significant portion of Pool Co.’s outstanding shares. In fact, 98.99% of the stock is owned by these investors. Insider activity, on the other hand, reflects the ownership and selling patterns of Pool Co.’s executives and directors.
- SVP Jennifer M. Neil sold 1,223 shares of Pool Co.’s stock in a transaction dated Monday, March 31st.
- Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool Co.’s stock in a transaction that occurred on Monday, February 24th.
Pool Co.’s Earnings and Dividend
Pool Co. recently announced its quarterly earnings results, with EPS of $0.97 beating the consensus estimate of $0.89. The company also announced a quarterly dividend, which was paid on Wednesday, March 26th. The dividend yield is 1.57%, which is relatively attractive compared to other dividend-paying stocks.
| EPS | $0.97 |
|---|---|
| Dividend Yield | 1.57% |
Analysts’ Targets and Recommendations
Several analysts have issued reports on Pool Co.’s stock, with some maintaining a hold rating and others revising their price targets. Deutsche Bank Aktiengesellschaft, for example, set a price target of $344.00 and initiated coverage on the stock.
- Wells Fargo & Company cut its target price on shares of Pool Co. from $360.00 to $315.00 and set an equal weight rating.
- StockNews.com lowered shares of Pool Co. from a hold rating to a sell rating.
Pool Co.’s Profile and Growth Potential
Pool Co. is a leading distributor of swimming pool supplies, equipment, and related leisure products. The company offers a wide range of products, including maintenance products, repair and replacement parts, and building materials. Its growth potential is substantial, and it is well-positioned to benefit from the increasing demand for recreational products.
“I believe Pool Co. has a strong growth potential, given its diversified product offerings and expanding market share.” – Analyst
Key Statistics
- Market Cap: $11.57 billion
- P/E Ratio: 27.19
- Dividend Yield: 1.57%
- EPS: $0.97
Recommendations
Based on our analysis, we recommend considering Pool Co. as a potential investment opportunity. The company’s strong growth potential, diversified product offerings, and attractive dividend yield make it an attractive option for investors looking to expand their portfolios.
