Jones Financial Companies Lllp Acquires 61 Shares of Pool Co. (NASDAQ:POOL)

Jones Financial Companies Lllp increased its holdings in shares of Pool Co. (NASDAQ:POOL) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 786 shares of the specialty retailer’s stock after acquiring an additional 61 shares during the quarter. Jones Financial Companies Lllp’s holdings in Pool were worth $268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sierra Ocean LLC purchased a new stake in Pool in the fourth quarter worth $30,000. Brooklyn Investment Group bought a new position in shares of Pool during the 3rd quarter worth $31,000. Private Trust Co. NA increased its holdings in Pool by 76.9% in the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 60 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Pool in the 3rd quarter valued at about $60,000. Finally, YANKCOM Partnership purchased a new stake in Pool during the fourth quarter valued at about $61,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

POOL has been the subject of several analyst reports. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Wells Fargo & Company dropped their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $368.00.

Pool Stock Down 3.0 %

Shares of POOL stock opened at $333.34 on Thursday. 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 Co. has a one year low of $293.51 and a one year high of $420.98. The company’s fifty day moving average price is $343.63 and its 200-day moving average price is $355.75. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 29.55, a PEG ratio of 2.03 and a beta of 1.05.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. Pool had a net margin of 8.18% and a return on equity of 31.11%. The company had revenue of $987.48 million during the quarter, compared to analysts’ expectations of $961.04 million. Sell-side analysts expect that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued a $1.20 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.44%. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Insider Transactions at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.

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.