Prudential PLC Has $4.22 Million Position in Pool Co. (NASDAQ:POOL)

Prudential PLC lifted its stake in shares of Pool Co. (NASDAQ:POOL - Free Report) by 84.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,363 shares of the specialty retailer's stock after purchasing an additional 5,676 shares during the quarter. Prudential PLC's holdings in Pool were worth $4,215,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in shares of Pool in the 3rd quarter worth approximately $202,000. Public Sector Pension Investment Board lifted its position in Pool by 13.4% in the third quarter. Public Sector Pension Investment Board now owns 1,693 shares of the specialty retailer's stock worth $638,000 after purchasing an additional 200 shares during the period. HighTower Advisors LLC boosted its stake in Pool by 20.3% during the 3rd quarter. HighTower Advisors LLC now owns 3,912 shares of the specialty retailer's stock valued at $1,476,000 after purchasing an additional 661 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Pool by 28.3% during the 3rd quarter. Janus Henderson Group PLC now owns 4,694 shares of the specialty retailer's stock valued at $1,768,000 after purchasing an additional 1,034 shares in the last quarter. Finally, Investment Management Corp of Ontario increased its position in shares of Pool by 32.1% during the 3rd quarter. Investment Management Corp of Ontario now owns 1,236 shares of the specialty retailer's stock valued at $466,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

Insider Activity

In related 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 directly owns 62,577 shares in the company, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Jennifer M. Neil sold 1,223 shares of the company's stock in a transaction that occurred on 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 transaction, the senior vice president now owns 9,667 shares in the company, valued at approximately $3,045,105. This 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 corporate insiders.

Pool Trading Up 2.0 %

NASDAQ POOL traded up $5.97 on Friday, hitting $311.27. 411,866 shares of the company were exchanged, compared to its average volume of 378,532. Pool Co. has a twelve month low of $284.28 and a twelve month high of $395.60. The company's 50 day moving average price is $331.34 and its 200-day moving average price is $349.59. The firm has a market capitalization of $11.74 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. 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 (NASDAQ:POOL - Get Free Report) last issued 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 business had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Analysts predict that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were given 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 1.54%. Pool's dividend payout ratio (DPR) is presently 42.55%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on POOL. Deutsche Bank Aktiengesellschaft assumed coverage on Pool in a report on Tuesday, April 1st. They issued a "hold" rating and a $344.00 price objective for the company. StockNews.com downgraded shares of Pool from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Finally, Wells Fargo & Company lowered their price objective on shares of Pool from $370.00 to $360.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $365.33.

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.