Allianz SE Makes New Investment in Pool Co. (NASDAQ:POOL)

Allianz SE acquired a new position in shares of Pool Co. (NASDAQ:POOL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,236 shares of the specialty retailer's stock, valued at approximately $1,098,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in shares of Pool by 816.8% in 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 buying an additional 36,403 shares in the last quarter. L. Roy Papp & Associates LLP purchased a new position in Pool during the 4th quarter valued at about $653,000. National Bank of Canada FI increased its holdings in Pool by 46.6% during the 3rd quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer's stock valued at $5,869,000 after acquiring an additional 4,954 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Pool by 1.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 260,333 shares of the specialty retailer's stock worth $98,093,000 after acquiring an additional 3,268 shares during the last quarter. Finally, World Equity Group Inc. purchased a new stake in shares of Pool in the fourth quarter valued at about $272,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business's stock in a transaction dated 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 owns 62,577 shares in the company, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jennifer M. Neil sold 1,223 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction 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. Corporate insiders own 3.00% of the company's stock.

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Pool Trading Down 0.1 %

Pool stock traded down $0.22 during trading on Tuesday, hitting $318.13. The company's stock had a trading volume of 382,676 shares, compared to its average volume of 368,600. The stock's fifty day moving average is $339.95 and its 200 day moving average is $353.40. Pool Co. has a 1-year low of $293.51 and a 1-year high of $402.45. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 28.20, a P/E/G ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05.

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

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.51%. Pool's payout ratio is 42.55%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on POOL. StockNews.com cut shares of Pool from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Wells Fargo & Company dropped their price target on Pool from $370.00 to $360.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Pool in a research report on Tuesday. They issued a "hold" rating and a $344.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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.