Pool Co. (NASDAQ:POOL) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in Pool Co. (NASDAQ:POOL - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 458,972 shares of the specialty retailer's stock after selling 23,888 shares during the period. Envestnet Asset Management Inc. owned about 1.21% of Pool worth $156,482,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its position in Pool by 816.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer's stock worth $13,601,000 after buying an additional 36,403 shares during the period. L. Roy Papp & Associates LLP purchased a new position in Pool during the 4th quarter worth $653,000. National Bank of Canada FI grew its position in Pool by 46.6% during the 3rd quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer's stock worth $5,869,000 after purchasing an additional 4,954 shares during the last quarter. World Equity Group Inc. purchased a new stake in shares of Pool in the fourth quarter valued at about $272,000. Finally, Landscape Capital Management L.L.C. boosted its stake in shares of Pool by 104.0% during the fourth quarter. Landscape Capital Management L.L.C. now owns 3,778 shares of the specialty retailer's stock worth $1,288,000 after buying an additional 1,926 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

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 note on Tuesday, February 4th. StockNews.com cut shares of Pool from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pool in a report on Tuesday, April 1st. They set a "hold" rating and a $344.00 price target for the company. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Pool currently has a consensus rating of "Hold" and an average target price of $365.33.

Pool Price Performance

Shares of Pool stock traded up $5.97 during trading on Friday, hitting $311.27. 411,866 shares of the company were exchanged, compared to its average volume of 378,450. Pool Co. has a fifty-two week low of $284.28 and a fifty-two week high of $395.60. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average price of $330.78 and a 200 day moving average price of $349.07. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 27.59, a P/E/G ratio of 2.03 and a beta of 1.13.

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, 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, equities analysts expect that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool's dividend payout ratio (DPR) is 42.55%.

Insider Buying and Selling at Pool

In other news, 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 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 represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jennifer M. Neil sold 1,223 shares of the company's 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 of the company's stock, valued at approximately $3,045,105. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

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.