Wells Fargo & Company MN Sells 13,348 Shares of Pool Co. (NASDAQ:POOL)

Wells Fargo & Company MN trimmed its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 414,523 shares of the specialty retailer's stock after selling 13,348 shares during the period. Wells Fargo & Company MN owned about 1.09% of Pool worth $141,327,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 acquiring an additional 36,403 shares during the last quarter. L. Roy Papp & Associates LLP purchased a new position in Pool during the fourth quarter valued at $653,000. National Bank of Canada FI increased its holdings in shares of Pool by 46.6% in the third quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer's stock worth $5,869,000 after purchasing an additional 4,954 shares during the last quarter. World Equity Group Inc. purchased a new position in shares of Pool in the fourth quarter valued at $272,000. Finally, Landscape Capital Management L.L.C. grew its stake 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 buying an additional 1,926 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

POOL has been the subject of several research reports. StockNews.com cut shares of Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. 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 research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Pool in a research note 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $365.33.

Insider Activity at Pool

In other Pool news, SVP Jennifer M. Neil sold 1,223 shares of the business'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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction that occurred on Monday, February 24th. The stock was 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 approximately $21,651,642. The trade was a 13.78 % 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.

Pool Price Performance

POOL traded down $3.41 during trading on Friday, reaching $301.90. 96,847 shares of the stock were exchanged, compared to its average volume of 377,577. The business's 50 day moving average price is $331.34 and its two-hundred day moving average price is $349.59. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 26.77, a P/E/G ratio of 2.03 and a beta of 1.13. Pool Co. has a 1 year low of $284.28 and a 1 year high of $395.60. 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 posted its quarterly earnings data 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 for 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%. As a group, equities research analysts anticipate that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool's payout ratio is currently 42.55%.

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.