FourThought Financial Partners LLC bought a new stake in Pool Co. (NASDAQ:POOL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 723 shares of the specialty retailer's stock, valued at approximately $247,000.
A number of other institutional investors have also recently bought and sold shares of the business. Versor Investments LP purchased a new stake in Pool during the third quarter valued at about $720,000. Parnassus Investments LLC raised its holdings in shares of Pool by 3.5% in the 3rd quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer's stock valued at $77,142,000 after acquiring an additional 6,987 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Pool by 816.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer's stock valued at $13,601,000 after purchasing an additional 36,403 shares during the last quarter. L. Roy Papp & Associates LLP purchased a new position in Pool in the fourth quarter worth $653,000. Finally, National Bank of Canada FI boosted its holdings in shares of Pool by 46.6% in the 3rd quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer's stock worth $5,869,000 after purchasing an additional 4,954 shares in the last quarter. Institutional investors own 98.99% of the company's stock.
Insider Activity at Pool
In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the transaction, the director now owns 62,577 shares in the company, valued at $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
POOL has been the subject of several recent research reports. StockNews.com downgraded Pool from a "hold" rating to a "sell" rating in a research report on Friday. Wells Fargo & Company dropped their target price on shares of Pool from $370.00 to $360.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Pool has a consensus rating of "Hold" and an average target price of $368.00.
Check Out Our Latest Research Report on POOL
Pool Trading Up 1.3 %
Shares of NASDAQ POOL traded up $4.46 during midday trading on Friday, hitting $347.00. 468,654 shares of the company traded hands, compared to its average volume of 396,865. The stock has a 50-day moving average price of $342.99 and a 200 day moving average price of $355.55. 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 firm has a market cap of $13.21 billion, a P/E ratio of 30.76, a P/E/G ratio of 2.03 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 - Get Free Report) last released its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.08. The firm had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. As a group, analysts expect that Pool Co. will post 11.32 earnings per share for the current year.
Pool Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Wednesday, March 12th. Pool's payout ratio is 42.55%.
About Pool
(
Free Report)
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.
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