Abacus FCF Advisors LLC Has $1.82 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

Abacus FCF Advisors LLC lifted its holdings in Pool Co. (NASDAQ:POOL - Free Report) by 68.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,338 shares of the specialty retailer's stock after purchasing an additional 2,169 shares during the quarter. Abacus FCF Advisors LLC's holdings in Pool were worth $1,820,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Rakuten Securities Inc. lifted its position in Pool by 2,300.0% during the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer's stock worth $25,000 after buying an additional 69 shares in the last quarter. Atala Financial Inc acquired a new position in Pool during the fourth quarter valued at approximately $29,000. Sierra Ocean LLC bought a new position in Pool in the fourth quarter valued at approximately $30,000. Private Trust Co. NA raised its stake in shares of Pool by 76.9% during the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer's stock worth $47,000 after purchasing an additional 60 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Pool in the 3rd quarter valued at approximately $60,000. Institutional investors and hedge funds own 98.99% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on POOL. StockNews.com lowered shares of Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Wells Fargo & Company lowered their price target on Pool from $360.00 to $315.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Pool in a research report on Tuesday, April 1st. They issued a "hold" rating and a $344.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $360.33.

Pool Stock Performance

Shares of NASDAQ:POOL traded down $0.93 on Monday, reaching $310.34. 52,587 shares of the company's stock were exchanged, compared to its average volume of 377,180. Pool Co. has a twelve month low of $284.28 and a twelve month high of $395.60. The company has a fifty day moving average of $330.78 and a 200-day moving average of $349.07. The company has a market capitalization of $11.71 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 2.03 and a beta of 1.13. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71.

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, beating analysts' consensus estimates of $0.89 by $0.08. The firm had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. On average, research analysts predict that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, March 12th. This represents a $4.80 annualized dividend and a yield of 1.55%. Pool's dividend payout ratio is currently 42.55%.

Insiders Place Their Bets

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm'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 sale, the director now owns 62,577 shares of the company's stock, valued at $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jennifer M. Neil sold 1,223 shares of the company's stock in a transaction dated Monday, March 31st. The stock was 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 directly owns 9,667 shares of the company's stock, valued at approximately $3,045,105. The trade was a 11.23 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

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.