21,181 Shares in Pool Co. (NASDAQ:POOL) Purchased by SVB Wealth LLC

SVB Wealth LLC bought a new position in shares of Pool Co. (NASDAQ:POOL - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 21,181 shares of the specialty retailer's stock, valued at approximately $7,221,000. SVB Wealth LLC owned 0.06% of Pool at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Private Trust Co. NA lifted its holdings in Pool by 76.9% in the fourth 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 period. QRG Capital Management Inc. lifted its stake in shares of Pool by 8.3% in the fourth quarter. QRG Capital Management Inc. now owns 714 shares of the specialty retailer's stock valued at $243,000 after purchasing an additional 55 shares during the period. Proficio Capital Partners LLC purchased a new stake in Pool during the fourth quarter worth about $12,438,000. Mn Services Vermogensbeheer B.V. grew its position in Pool by 5.4% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 15,700 shares of the specialty retailer's stock worth $5,353,000 after buying an additional 800 shares during the period. Finally, FourThought Financial Partners LLC purchased a new position in Pool in the fourth quarter valued at about $247,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company'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 transaction, the director now owns 62,577 shares of the company's stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Insiders own 3.00% of the company's stock.

Wall Street Analyst Weigh In

POOL has been the topic of several research analyst reports. StockNews.com lowered Pool from a "hold" rating to a "sell" rating in a research note on Friday. Wells Fargo & Company lowered their target price on Pool from $370.00 to $360.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $368.00.

Pool Price Performance

Pool stock traded down $2.98 during midday trading on Tuesday, reaching $341.21. 251,906 shares of the company were exchanged, compared to its average volume of 391,849. The firm's 50-day simple moving average is $342.92 and its 200-day simple moving average is $355.61. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73. The company has a market capitalization of $12.98 billion, a price-to-earnings ratio of 30.29, a P/E/G ratio of 2.03 and a beta of 1.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05.

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

Pool Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Wednesday, March 12th. Pool's dividend payout ratio is currently 42.55%.

About Pool

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.