Oppenheimer Asset Management Inc. Has $3.11 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

Oppenheimer Asset Management Inc. decreased its holdings in shares of Pool Co. (NASDAQ:POOL - Free Report) by 29.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,134 shares of the specialty retailer's stock after selling 3,862 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Pool were worth $3,114,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in POOL. Sierra Ocean LLC bought a new position in shares of Pool in the 4th quarter valued at $30,000. Brooklyn Investment Group acquired a new position in Pool in the 3rd quarter worth about $31,000. Wilmington Savings Fund Society FSB bought a new position in Pool in the third quarter valued at about $60,000. YANKCOM Partnership acquired a new stake in shares of Pool during the fourth quarter valued at about $61,000. Finally, Hilltop National Bank boosted its stake in shares of Pool by 18.1% during the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer's stock valued at $140,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. StockNews.com downgraded Pool from a "hold" rating to a "sell" rating in a research note on Friday. Wells Fargo & Company decreased their price target on shares of Pool from $370.00 to $360.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $368.00.

Insider Activity

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 62,577 shares of the company's stock, valued at $21,651,642. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is owned by company insiders.

Pool Trading Down 0.1 %

NASDAQ:POOL traded down $0.47 on Monday, reaching $346.54. 132,924 shares of the stock traded hands, compared to its average volume of 389,915. 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 $422.73. The company's 50 day moving average is $342.99 and its 200-day moving average is $355.63. The firm has a market capitalization of $13.19 billion, a price-to-earnings ratio of 30.58, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03.

Pool (NASDAQ:POOL - Get Free Report) last posted its quarterly earnings data 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. Pool had a net margin of 8.18% and a return on equity of 31.11%. The company had revenue of $987.48 million during the quarter, compared to analysts' expectations of $961.04 million. Equities research analysts anticipate that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

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 given a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, March 12th. Pool's dividend payout ratio (DPR) is presently 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.