TD Asset Management Inc. Sells 23,527 Shares of Pool Co. (NASDAQ:POOL)

TD Asset Management Inc. decreased its position in Pool Co. (NASDAQ:POOL - Free Report) by 7.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 277,769 shares of the specialty retailer's stock after selling 23,527 shares during the period. TD Asset Management Inc. owned about 0.73% of Pool worth $94,703,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in POOL. Intech Investment Management LLC purchased a new position in shares of Pool in the third quarter valued at about $202,000. Cerity Partners LLC grew its stake in shares of Pool by 4.7% in the third quarter. Cerity Partners LLC now owns 2,262 shares of the specialty retailer's stock worth $852,000 after purchasing an additional 101 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Pool by 1.6% during the 3rd quarter. Fisher Asset Management LLC now owns 166,513 shares of the specialty retailer's stock valued at $62,742,000 after purchasing an additional 2,689 shares during the period. Associated Banc Corp bought a new position in Pool during the 3rd quarter valued at approximately $244,000. Finally, Brooklyn Investment Group purchased a new stake in Pool in the 3rd quarter worth approximately $31,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on POOL. Wells Fargo & Company decreased their target price on Pool from $370.00 to $360.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. StockNews.com lowered shares of Pool from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Pool presently has a consensus rating of "Hold" and a consensus target price of $368.00.

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Pool Stock Down 2.9 %

Shares of POOL stock traded down $9.26 during trading hours on Friday, hitting $314.92. 271,484 shares of the company's stock traded hands, compared to its average volume of 368,554. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The stock's fifty day simple moving average is $340.58 and its two-hundred day simple moving average is $353.55. Pool Co. has a 12-month low of $293.51 and a 12-month high of $403.61. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 27.92, a PEG ratio of 2.03 and a beta of 1.05.

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

Pool Dividend Announcement

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

Insider Activity

In related 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 transaction of $3,460,000.00. Following the transaction, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.00% of the company's stock.

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.