Generali Asset Management SPA SGR Takes Position in Pool Co. (NASDAQ:POOL)

Generali Asset Management SPA SGR bought a new position in shares of Pool Co. (NASDAQ:POOL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,227 shares of the specialty retailer's stock, valued at approximately $2,805,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Second Line Capital LLC raised its stake in shares of Pool by 4.8% in the third quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer's stock worth $322,000 after purchasing an additional 39 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Pool by 4.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer's stock valued at $383,000 after acquiring an additional 43 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its holdings in Pool by 10.1% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer's stock worth $197,000 after acquiring an additional 53 shares during the last quarter. TD Private Client Wealth LLC grew its stake in shares of Pool by 0.8% in the 3rd quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer's stock worth $2,732,000 after acquiring an additional 54 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Pool by 0.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 17,578 shares of the specialty retailer's stock valued at $5,993,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

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Pool Price Performance

NASDAQ:POOL traded up $5.80 during mid-day trading on Monday, hitting $325.94. 306,996 shares of the stock traded hands, compared to its average volume of 363,697. The business's 50-day moving average price is $342.60 and its 200 day moving average price is $354.34. 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 company has a market cap of $12.27 billion, a PE ratio of 28.90, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. Pool Co. has a 12-month low of $293.51 and a 12-month high of $418.32.

Pool (NASDAQ:POOL - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. The firm had revenue of $987.48 million for the quarter, compared to analysts' expectations of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. On average, analysts expect that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Transactions at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction on 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by insiders.

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.