Allstate Corp Invests $382,000 in Pool Co. (NASDAQ:POOL)

Allstate Corp bought a new stake in Pool Co. (NASDAQ:POOL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,121 shares of the specialty retailer's stock, valued at approximately $382,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. grew its holdings in shares of Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer's stock worth $25,000 after acquiring an additional 69 shares during the period. Atala Financial Inc acquired a new stake in Pool in the fourth quarter valued at $29,000. Sierra Ocean LLC acquired a new stake in Pool in the fourth quarter valued at $30,000. Private Trust Co. NA increased its position in shares of Pool by 76.9% in the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer's stock valued at $47,000 after buying an additional 60 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Pool during the 3rd quarter worth $60,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Trading Down 3.8 %

NASDAQ POOL traded down $11.97 during mid-day trading on Monday, reaching $303.08. 871,483 shares of the stock were exchanged, compared to its average volume of 375,086. The business's fifty day simple moving average is $335.56 and its 200 day simple moving average is $351.63. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. The stock has a market capitalization of $11.43 billion, a PE ratio of 26.87, a PEG ratio of 2.03 and a beta of 1.13. Pool Co. has a 1-year low of $293.51 and a 1-year high of $402.45.

Remove Ads

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.08. The business had revenue of $987.48 million for the quarter, compared to analysts' expectations of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. On average, research analysts anticipate that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were paid a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date was Wednesday, March 12th. Pool's dividend payout ratio is currently 42.55%.

Insider Transactions at Pool

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the completion of the sale, the director now directly owns 62,577 shares in the company, valued at $21,651,642. This represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jennifer M. Neil sold 1,223 shares of Pool stock in a transaction on Monday, March 31st. The shares were sold at an average price of $315.00, for a total value of $385,245.00. Following the completion of the transaction, the senior vice president now owns 9,667 shares in the company, valued at $3,045,105. The trade was a 11.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

Analysts Set New Price Targets

POOL has been the subject of several recent research reports. StockNews.com downgraded shares of Pool from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Wells Fargo & Company lowered their price target on shares of Pool from $370.00 to $360.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Pool in a research report on Tuesday, April 1st. They set a "hold" rating and a $344.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Pool currently has an average rating of "Hold" and an average target price of $365.33.

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.