Wasatch Advisors LP decreased its holdings in shares of Pool Co. (NASDAQ:POOL - Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 555,896 shares of the specialty retailer's stock after selling 9,443 shares during the period. Wasatch Advisors LP owned approximately 1.46% of Pool worth $189,527,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. grew its stake in Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer's stock worth $25,000 after buying an additional 69 shares in the last quarter. Atala Financial Inc purchased a new position in Pool in the fourth quarter worth $29,000. Sierra Ocean LLC bought a new position in Pool in the fourth quarter valued at $30,000. Private Trust Co. NA raised its position in Pool by 76.9% during the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer's stock valued at $47,000 after purchasing an additional 60 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Pool during the third quarter worth about $60,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently commented on POOL. Deutsche Bank Aktiengesellschaft started coverage on shares of Pool in a report on Tuesday, April 1st. They set a "hold" rating and a $344.00 target price on the stock. StockNews.com cut Pool from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company lowered their target price on Pool from $360.00 to $315.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $360.33.
View Our Latest Stock Analysis on POOL
Pool Price Performance
Shares of NASDAQ:POOL traded up $4.90 during mid-day trading on Friday, reaching $306.25. The stock had a trading volume of 508,436 shares, compared to its average volume of 379,490. The business's 50 day moving average price is $328.44 and its 200 day moving average price is $347.54. Pool Co. has a 1 year low of $284.28 and a 1 year high of $395.60. 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 $11.55 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13.
Pool (NASDAQ:POOL - Get Free Report) last announced its 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 firm had revenue of $987.48 million during the quarter, compared to analysts' expectations of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. Research analysts expect that Pool Co. will post 11.32 EPS for the current fiscal 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 given a $1.20 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.57%. Pool's payout ratio is presently 42.55%.
Insider Buying and Selling
In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the sale, the director now owns 62,577 shares of the company's stock, valued at $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jennifer M. Neil sold 1,223 shares of the company's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $315.00, for a total value of $385,245.00. Following the transaction, the senior vice president now directly owns 9,667 shares in the company, valued at $3,045,105. This represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.
Pool Company Profile
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Free Report)
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.
Further Reading
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