Marshall Wace LLP increased its holdings in shares of Pool Co. (NASDAQ:POOL - Free Report) by 106.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,081 shares of the specialty retailer's stock after acquiring an additional 5,711 shares during the quarter. Marshall Wace LLP's holdings in Pool were worth $3,778,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Regal Investment Advisors LLC boosted its holdings in Pool by 15.9% in the 4th quarter. Regal Investment Advisors LLC now owns 1,080 shares of the specialty retailer's stock valued at $368,000 after purchasing an additional 148 shares during the last quarter. Jump Financial LLC increased its stake in Pool by 49.3% during the 4th quarter. Jump Financial LLC now owns 1,287 shares of the specialty retailer's stock worth $439,000 after buying an additional 425 shares during the period. Ontario Teachers Pension Plan Board increased its stake in Pool by 111.8% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 3,741 shares of the specialty retailer's stock worth $1,275,000 after buying an additional 1,975 shares during the period. Guggenheim Capital LLC increased its stake in Pool by 37.5% during the 4th quarter. Guggenheim Capital LLC now owns 5,409 shares of the specialty retailer's stock worth $1,844,000 after buying an additional 1,474 shares during the period. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in Pool during the 4th quarter worth approximately $228,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Pool
In related news, 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 sale, the senior vice president now owns 9,667 shares in the company, valued at $3,045,105. This represents a 11.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. This represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on POOL. Stephens cut their target price on shares of Pool from $400.00 to $350.00 and set an "overweight" rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft began coverage on shares of Pool in a research note on Tuesday, April 1st. They set a "hold" rating and a $344.00 target price on the stock. Stifel Nicolaus cut their target price on shares of Pool from $340.00 to $330.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Robert W. Baird dropped their price objective on shares of Pool from $325.00 to $310.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, Wells Fargo & Company dropped their price objective on shares of Pool from $360.00 to $315.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $341.22.
Get Our Latest Stock Analysis on POOL
Pool Stock Down 0.1 %
Shares of NASDAQ POOL traded down $0.26 during mid-day trading on Monday, reaching $291.33. The company had a trading volume of 515,576 shares, compared to its average volume of 383,018. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The firm has a 50 day simple moving average of $322.55 and a two-hundred day simple moving average of $343.91. The stock has a market cap of $10.99 billion, a P/E ratio of 25.83, a PEG ratio of 2.03 and a beta of 1.13. Pool Co. has a 52-week low of $284.28 and a 52-week high of $395.60.
Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $1.32 EPS for the quarter, missing analysts' consensus estimates of $1.42 by ($0.10). Pool had a net margin of 8.18% and a return on equity of 31.11%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the firm posted $1.85 earnings per share. The company's revenue for the quarter was down 4.4% compared to the same quarter last year. Sell-side analysts predict that Pool Co. will post 11.32 earnings per share for the current year.
Pool Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were given a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool's dividend payout ratio (DPR) is presently 45.03%.
About Pool
(
Free Report)
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.
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