Congress Wealth Management LLC DE cut its stake in shares of Pool Co. (NASDAQ:POOL - Free Report) by 81.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,829 shares of the specialty retailer's stock after selling 35,015 shares during the period. Congress Wealth Management LLC DE's holdings in Pool were worth $2,669,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in POOL. Rakuten Securities Inc. raised 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 buying an additional 69 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Pool in the third quarter worth $31,000. Atala Financial Inc purchased a new position in shares of Pool in the 4th quarter valued at $29,000. Sierra Ocean LLC purchased a new position in shares of Pool in the 4th quarter valued at $30,000. Finally, Private Trust Co. NA lifted its holdings 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 valued at $47,000 after acquiring an additional 60 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.
Pool Stock Up 1.1 %
Shares of NASDAQ:POOL traded up $3.43 during trading on Monday, hitting $318.35. The company's stock had a trading volume of 339,354 shares, compared to its average volume of 368,438. The company has a market capitalization of $11.98 billion, a PE ratio of 28.22, a PEG ratio of 2.03 and a beta of 1.05. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $403.61. 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 moving average price is $339.95 and its two-hundred day moving average price is $353.40.
Pool (NASDAQ:POOL - Get Free Report) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.08. The company had revenue of $987.48 million for 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, sell-side analysts expect 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. Shareholders 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 dividend on an annualized basis and a yield of 1.51%. Pool's dividend payout ratio (DPR) is 42.55%.
Analysts Set New Price Targets
POOL has been the subject of several recent research reports. Wells Fargo & Company lowered their price target on Pool from $370.00 to $360.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. StockNews.com lowered Pool from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $368.00.
Get Our Latest Stock Report on POOL
Insiders Place Their Bets
In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the 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 transaction, the director now owns 62,577 shares of the company's stock, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by company insiders.
Pool Company Profile
(
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.
See Also
Before you consider Pool, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pool wasn't on the list.
While Pool currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
