20,200 Shares in Pool Co. (NASDAQ:POOL) Acquired by APG Asset Management N.V.

APG Asset Management N.V. bought a new stake in Pool Co. (NASDAQ:POOL - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,200 shares of the specialty retailer's stock, valued at approximately $6,651,000. APG Asset Management N.V. owned about 0.05% of Pool at the end of the most recent quarter.

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the completion of the transaction, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jennifer M. Neil sold 1,223 shares of the 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 sale, the senior vice president now owns 9,667 shares of the company's stock, valued at $3,045,105. This trade represents 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 Stock Performance

Shares of NASDAQ:POOL traded up $6.44 on Thursday, reaching $307.79. 178,168 shares of the company's stock were exchanged, compared to its average volume of 377,438. The firm has a market capitalization of $11.61 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 2.03 and a beta of 1.13. Pool Co. has a fifty-two week low of $284.28 and a fifty-two week high of $395.60. The business's 50-day moving average is $329.00 and its two-hundred day moving average is $348.03. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71.

Pool (NASDAQ:POOL - Get Free Report) last issued 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. Pool had a return on equity of 31.11% and a net margin of 8.18%. The business had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. As a group, equities research analysts forecast that Pool Co. will post 11.32 EPS for the current year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors 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 1.56%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool's dividend payout ratio is currently 42.55%.

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.