Envestnet Portfolio Solutions Inc. Lowers Stock Position in Pool Co. (NASDAQ:POOL)

Envestnet Portfolio Solutions Inc. reduced its stake in shares of Pool Co. (NASDAQ:POOL - Free Report) by 20.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,633 shares of the specialty retailer's stock after selling 1,715 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Pool were worth $2,262,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. grew 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 worth $25,000 after purchasing an additional 69 shares during the last quarter. Brooklyn Investment Group purchased a new position in Pool during the 3rd quarter worth $31,000. Atala Financial Inc acquired a new position in Pool during the 4th quarter valued at about $29,000. Sierra Ocean LLC acquired a new position in Pool during the 4th quarter valued at about $30,000. Finally, Private Trust Co. NA raised its stake in Pool by 76.9% in the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer's stock valued at $47,000 after buying an additional 60 shares during the last quarter. Institutional investors own 98.99% of the company's stock.

Insider Activity at Pool

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the 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 represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.00% of the stock is owned by corporate insiders.

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Pool Stock Performance

POOL traded down $0.31 during midday trading on Tuesday, hitting $325.63. 364,629 shares of the company were exchanged, compared to its average volume of 363,656. The company's 50 day simple moving average is $342.43 and its 200 day simple moving average is $354.23. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 28.87, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. Pool Co. has a 1-year low of $293.51 and a 1-year high of $418.32. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71.

Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly 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 during the quarter, compared to analysts' expectations of $961.04 million. As a group, sell-side analysts predict that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.47%. Pool's dividend payout ratio (DPR) is 42.55%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on POOL shares. StockNews.com lowered Pool from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Wells Fargo & Company dropped their target price on shares of Pool from $370.00 to $360.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Pool has a consensus rating of "Hold" and an average target price of $368.00.

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.