CenterBook Partners LP purchased a new stake in Pool Co. (NASDAQ:POOL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,608 shares of the specialty retailer's stock, valued at approximately $548,000.
A number of other institutional investors have also recently modified their holdings of POOL. Rakuten Securities Inc. grew its stake in shares of 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 purchasing an additional 69 shares during the period. Atala Financial Inc purchased a new stake in shares of Pool in the 4th quarter worth about $29,000. Sierra Ocean LLC acquired a new position in Pool during the fourth quarter worth about $30,000. Private Trust Co. NA raised its position 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 during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Pool during the 3rd quarter valued at $60,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. StockNews.com lowered Pool from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pool in a research report on Tuesday, April 1st. They issued a "hold" rating and a $344.00 price objective for the company. Finally, Wells Fargo & Company lowered their target price on shares of Pool from $360.00 to $315.00 and set an "equal weight" rating for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $360.33.
Read Our Latest Stock Report on Pool
Insider Activity at Pool
In other news, SVP Jennifer M. Neil sold 1,223 shares of Pool 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 owns 9,667 shares in the company, valued at approximately $3,045,105. This trade represents a 11.23 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.
Pool Stock Up 1.7 %
Pool stock traded up $5.12 during trading on Thursday, reaching $306.47. 198,334 shares of the company's stock were exchanged, compared to its average volume of 377,512. Pool Co. has a 52-week low of $284.28 and a 52-week high of $395.60. The firm has a market cap of $11.56 billion, a price-to-earnings ratio of 27.17, 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 company's 50-day moving average is $329.00 and its two-hundred day moving average is $348.03.
Pool (NASDAQ:POOL - Get Free Report) last announced its earnings results 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 for 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, analysts predict that Pool Co. will post 11.32 earnings per share for the current year.
Pool Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.57%. Pool's dividend payout ratio is presently 42.55%.
About Pool
(
Free Report)
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.
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