Alliancebernstein L.P. Decreases Holdings in Pool Co. (NASDAQ:POOL)

Alliancebernstein L.P. cut its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,577 shares of the specialty retailer's stock after selling 1,281 shares during the period. Alliancebernstein L.P. owned approximately 0.10% of Pool worth $12,812,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in POOL. Rakuten Securities Inc. lifted 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 valued at $25,000 after acquiring an additional 69 shares during the last quarter. Atala Financial Inc purchased a new position in shares of Pool in the 4th quarter worth approximately $29,000. Sierra Ocean LLC bought a new position in shares of Pool during the 4th quarter valued at approximately $30,000. Private Trust Co. NA raised its holdings in Pool by 76.9% during the 4th 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 during the period. Finally, Wilmington Savings Fund Society FSB bought a new stake in Pool in the third quarter worth $60,000. Institutional investors own 98.99% of the company's stock.

Analyst Ratings Changes

POOL has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of Pool from $360.00 to $315.00 and set an "equal weight" rating on the stock in a research note on Monday. StockNews.com cut Pool from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Pool in a report on Tuesday, April 1st. They set a "hold" rating and a $344.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $360.33.

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Pool Stock Down 0.2 %

Pool stock traded down $0.61 during trading hours on Monday, reaching $310.66. The stock had a trading volume of 116,034 shares, compared to its average volume of 377,424. Pool Co. has a 52 week low of $284.28 and a 52 week high of $395.60. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 2.03 and a beta of 1.13. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The business's 50 day moving average price is $330.78 and its 200-day moving average price is $349.07.

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

Pool Dividend Announcement

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

Insider Buying and Selling

In other Pool news, SVP Jennifer M. Neil sold 1,223 shares of the business's stock in a transaction that occurred on 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm's stock in a transaction that occurred 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 directly owns 62,577 shares in the company, valued at $21,651,642. The trade was a 13.78 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

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.