Capital World Investors Sells 91,318 Shares of Pool Co. (NASDAQ:POOL)

Capital World Investors decreased its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 28.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 226,382 shares of the specialty retailer's stock after selling 91,318 shares during the period. Capital World Investors owned approximately 0.59% of Pool worth $77,183,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in POOL. Curi RMB Capital LLC raised its holdings in shares of Pool by 0.7% during the 4th quarter. Curi RMB Capital LLC now owns 51,164 shares of the specialty retailer's stock valued at $17,444,000 after buying an additional 336 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Pool by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 328,151 shares of the specialty retailer's stock worth $111,878,000 after acquiring an additional 5,454 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Pool by 2.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 234,064 shares of the specialty retailer's stock worth $79,802,000 after acquiring an additional 5,352 shares during the last quarter. Forum Financial Management LP purchased a new stake in shares of Pool in the 4th quarter valued at $212,000. Finally, CANADA LIFE ASSURANCE Co boosted its position in Pool by 2.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 26,991 shares of the specialty retailer's stock valued at $9,201,000 after buying an additional 746 shares during the period. Institutional investors own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on POOL. Deutsche Bank Aktiengesellschaft started coverage on shares of Pool in a report on Tuesday, April 1st. They issued a "hold" rating and a $344.00 target price on the stock. StockNews.com downgraded shares of Pool from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company reduced their price target on Pool from $360.00 to $315.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Two investment 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.com, the stock presently has an average rating of "Hold" and an average target price of $360.33.

Insider Activity at Pool

In other news, SVP Jennifer M. Neil sold 1,223 shares of the firm's stock in a transaction on Monday, March 31st. The stock was 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 directly owns 9,667 shares in the company, valued at $3,045,105. This trade represents a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company'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 transaction, 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 disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Pool Stock Performance

Pool stock opened at $296.56 on Tuesday. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.03 and a beta of 1.13. 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 stock's 50 day simple moving average is $327.06 and its two-hundred day simple moving average is $346.24. Pool Co. has a fifty-two week low of $284.28 and a fifty-two week high of $395.60.

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

Pool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders 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 dividend yield of 1.62%. Pool's dividend payout ratio is currently 42.55%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.