Resona Asset Management Co. Ltd. Takes Position in Pool Co. (NASDAQ:POOL)

Resona Asset Management Co. Ltd. bought a new position in Pool Co. (NASDAQ:POOL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 11,832 shares of the specialty retailer's stock, valued at approximately $4,041,000.

Other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its stake in Pool by 816.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer's stock valued at $13,601,000 after purchasing an additional 36,403 shares during the period. L. Roy Papp & Associates LLP bought a new stake in Pool in the 4th quarter valued at $653,000. National Bank of Canada FI raised its holdings in shares of Pool by 46.6% during the 3rd quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer's stock worth $5,869,000 after acquiring an additional 4,954 shares in the last quarter. World Equity Group Inc. bought a new stake in Pool during the fourth quarter worth approximately $272,000. Finally, Landscape Capital Management L.L.C. boosted its holdings in shares of Pool by 104.0% in the 4th quarter. Landscape Capital Management L.L.C. now owns 3,778 shares of the specialty retailer's stock worth $1,288,000 after purchasing an additional 1,926 shares during the period. Hedge funds and other institutional investors 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 business's stock in a transaction 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 transaction, the director now directly owns 62,577 shares in the company, valued at $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jennifer M. Neil sold 1,223 shares of the company's stock in a transaction 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 sale, the senior vice president now directly owns 9,667 shares in the company, valued at approximately $3,045,105. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com downgraded Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Wells Fargo & Company cut their price objective on Pool from $360.00 to $315.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft started coverage on Pool in a research report on Tuesday, April 1st. They set a "hold" rating and a $344.00 target price for the company. Two 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 MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $360.33.

Pool Stock Up 0.1 %

Shares of POOL stock traded up $0.21 during trading hours on Monday, reaching $311.48. 25,417 shares of the company's stock were exchanged, compared to its average volume of 377,067. Pool Co. has a fifty-two week low of $284.28 and a fifty-two week high of $395.60. The stock's 50 day moving average is $330.78 and its 200-day moving average is $349.07. 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 company has a market cap of $11.75 billion, a price-to-earnings ratio of 27.61, a P/E/G ratio of 2.03 and a beta of 1.13.

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

Pool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a yield of 1.54%. 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.