Wellington Management Group LLP Grows Position in Pool Co. (NASDAQ:POOL)

Wellington Management Group LLP lifted its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,042,514 shares of the specialty retailer's stock after acquiring an additional 224,674 shares during the quarter. Wellington Management Group LLP owned 2.77% of Pool worth $355,435,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Rakuten Securities Inc. increased its position in shares of Pool by 2,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 69 shares in the last quarter. Atala Financial Inc acquired a new position in Pool during the fourth quarter worth about $29,000. Sierra Ocean LLC purchased a new stake in Pool during the 4th quarter valued at about $30,000. Private Trust Co. NA raised its holdings in Pool by 76.9% in the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer's stock valued at $47,000 after acquiring an additional 60 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Pool in the 3rd quarter worth approximately $60,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $346.00, for a total value of $3,460,000.00. Following the sale, the director now directly owns 62,577 shares in the company, valued at $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jennifer M. Neil sold 1,223 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 9,667 shares of the company's stock, valued at approximately $3,045,105. This trade represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.00% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Pool in a report on Tuesday. They set a "hold" rating and a $344.00 price target on the stock. StockNews.com lowered shares of Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company lowered their price objective on 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $365.33.

Pool Stock Performance

Shares of POOL traded up $1.20 during mid-day trading on Friday, reaching $315.05. 789,938 shares of the company's stock were exchanged, compared to its average volume of 372,607. The stock has a market capitalization of $11.88 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. The business's fifty day simple moving average is $337.47 and its 200-day simple moving average is $352.67. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. Pool Co. has a 52-week low of $293.51 and a 52-week high of $402.45.

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, topping the consensus estimate of $0.89 by $0.08. Pool had a return on equity of 31.11% and a net margin of 8.18%. The business had revenue of $987.48 million during the quarter, compared to analysts' expectations of $961.04 million. On average, equities research analysts expect that Pool Co. will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders 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 annualized dividend and a dividend yield of 1.52%. Pool's dividend payout ratio is currently 42.55%.

Pool 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.