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

LPL Financial LLC grew its position in Pool Co. (NASDAQ:POOL - Free Report) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,596 shares of the specialty retailer's stock after buying an additional 3,010 shares during the quarter. LPL Financial LLC owned 0.11% of Pool worth $14,182,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the completion of the transaction, the director now directly owns 62,577 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, SVP Jennifer M. Neil sold 1,223 shares of Pool stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the completion of the sale, the senior vice president now 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 currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on POOL. Deutsche Bank Aktiengesellschaft initiated coverage on Pool in a report on Tuesday, April 1st. They set a "hold" rating and a $344.00 price objective for the company. StockNews.com cut Pool from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company lowered their price target on Pool from $370.00 to $360.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Pool presently has a consensus rating of "Hold" and an average price target of $365.33.

Pool Stock Performance

Shares of POOL stock traded up $1.20 during mid-day trading on Friday, reaching $315.05. The stock had a trading volume of 789,938 shares, compared to its average volume of 373,101. 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 Co. has a 1-year low of $293.51 and a 1-year high of $402.45. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 2.03 and a beta of 1.13. The business's fifty day moving average is $336.70 and its 200-day moving average is $352.12.

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

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a yield of 1.52%. Pool's payout ratio is 42.55%.

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.