Pool Co. (NASDAQ:POOL) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC trimmed its position in shares of Pool Co. (NASDAQ:POOL) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,429 shares of the specialty retailer’s stock after selling 133 shares during the quarter. Private Advisor Group LLC’s holdings in Pool were worth $487,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in shares of Pool in the fourth quarter valued at about $30,000. Brooklyn Investment Group acquired a new position in Pool during the third quarter worth approximately $31,000. Wilmington Savings Fund Society FSB acquired a new position in Pool during the third quarter worth approximately $60,000. YANKCOM Partnership acquired a new stake in shares of Pool in the fourth quarter worth $61,000. Finally, Hilltop National Bank increased its position in shares of Pool by 18.1% in the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after acquiring an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction 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 completion of the sale, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. This represents a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on POOL. Wells Fargo & Company decreased their price objective on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a report on Friday. 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.com, Pool currently has a consensus rating of “Hold” and a consensus price target of $368.00.

Pool Stock Down 0.8 %

NASDAQ:POOL opened at $344.18 on Tuesday. The firm has a market capitalization of $13.10 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03. The stock has a 50 day moving average of $342.99 and a 200-day moving average of $355.63. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71.

Pool (NASDAQ:POOL) last issued 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 during the quarter, compared to the consensus estimate 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 EPS for the current year.

Pool Announces Dividend

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 dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.39%. Pool’s dividend payout ratio is presently 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.