Corient Private Wealth LLC Sells 30,597 Shares of Pool Co. (NASDAQ:POOL)

Corient Private Wealth LLC trimmed its stake in shares of Pool Co. (NASDAQ:POOL - Free Report) by 47.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,157 shares of the specialty retailer's stock after selling 30,597 shares during the quarter. Corient Private Wealth LLC owned about 0.09% of Pool worth $11,646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Pool by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer's stock worth $474,886,000 after purchasing an additional 232,914 shares during the period. Geode Capital Management LLC increased its position in Pool by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer's stock valued at $362,196,000 after acquiring an additional 6,232 shares during the period. Wasatch Advisors LP increased its position in Pool by 0.6% in the 3rd quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer's stock valued at $213,020,000 after acquiring an additional 3,428 shares during the period. Bank of New York Mellon Corp increased its position in Pool by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 419,919 shares of the specialty retailer's stock valued at $143,167,000 after acquiring an additional 3,575 shares during the period. Finally, Berkshire Hathaway Inc acquired a new stake in Pool in the 3rd quarter valued at approximately $152,249,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Pool Stock Down 0.1 %

POOL traded down $0.20 during trading on Friday, reaching $320.14. 443,298 shares of the stock traded hands, compared to its average volume of 363,925. The stock has a market cap of $12.05 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth 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 $418.32. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The stock's 50-day simple moving average is $342.60 and its two-hundred day simple moving average is $354.27.

Pool (NASDAQ:POOL - Get Free Report) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating 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 company had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. As a group, equities research analysts expect that Pool Co. will post 11.32 EPS for the current year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 annualized dividend and a yield of 1.50%. Pool's dividend payout ratio (DPR) is currently 42.55%.

Analyst Upgrades and Downgrades

POOL has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on Pool from $370.00 to $360.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. StockNews.com cut Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $368.00.

Insider Buying and Selling at Pool

In other Pool 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 stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the transaction, the director now directly owns 62,577 shares in the company, valued at $21,651,642. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.00% of the company's stock.

Pool Company 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.