Pool Co. (NASDAQ:POOL) Shares Acquired by LPL Financial LLC

LPL Financial LLC raised its holdings in Pool Co. (NASDAQ:POOL - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,596 shares of the specialty retailer's stock after buying an additional 3,010 shares during the quarter. LPL Financial LLC owned about 0.11% of Pool worth $14,182,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in POOL. Rakuten Securities Inc. increased its position in shares of Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 69 shares during the period. Atala Financial Inc purchased a new stake in Pool during the 4th quarter valued at about $29,000. Sierra Ocean LLC acquired a new position in shares of Pool in the fourth quarter valued at about $30,000. Private Trust Co. NA raised its stake in shares of Pool by 76.9% in the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer's stock worth $47,000 after purchasing an additional 60 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Pool during the third quarter worth about $60,000. Institutional investors and hedge funds own 98.99% of the company's stock.

Pool Stock Performance

POOL stock traded down $11.81 during midday trading on Thursday, hitting $313.85. 958,633 shares of the stock traded hands, compared to its average volume of 370,939. The stock's fifty day simple moving average is $337.47 and its 200-day simple moving average is $352.67. The firm has a market cap of $11.84 billion, a P/E ratio of 27.82, a PEG ratio of 2.03 and a beta of 1.13. Pool Co. has a 1-year low of $293.51 and a 1-year high of $402.45. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77.

Remove Ads

Pool (NASDAQ:POOL - Get Free Report) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 31.11% and a net margin of 8.18%. On average, analysts expect 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 was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.53%. Pool's dividend payout ratio (DPR) is 42.55%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of Pool from $370.00 to $360.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Pool in a research note on Tuesday. They issued a "hold" rating and a $344.00 price objective on the stock. Finally, StockNews.com downgraded shares of 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, five have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Pool currently has a consensus rating of "Hold" and a consensus price target of $365.33.

Insider Activity 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 completion of the transaction, the director now directly owns 62,577 shares of the company's stock, valued at approximately $21,651,642. This represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jennifer M. Neil sold 1,223 shares of Pool stock in a transaction on Monday, March 31st. The stock was sold at an average price of $315.00, for a total transaction of $385,245.00. Following the sale, the senior vice president now directly owns 9,667 shares in the company, valued at approximately $3,045,105. This trade 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 corporate 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.