Steward Partners Investment Advisory LLC Buys 180 Shares of Pool Co. (NASDAQ:POOL)

Steward Partners Investment Advisory LLC raised its holdings in Pool Co. (NASDAQ:POOL) by 22.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 972 shares of the specialty retailer’s stock after buying an additional 180 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Pool were worth $331,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of POOL. Assetmark Inc. raised its position in Pool by 11.1% during the third quarter. Assetmark Inc. now owns 739 shares of the specialty retailer’s stock valued at $278,000 after acquiring an additional 74 shares in the last quarter. Sigma Planning Corp raised its position in Pool by 17.8% in the third quarter. Sigma Planning Corp now owns 1,853 shares of the specialty retailer’s stock valued at $698,000 after purchasing an additional 280 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Pool in the 3rd quarter valued at $1,129,000. Victory Capital Management Inc. grew its stake in Pool by 4.1% during the 3rd quarter. Victory Capital Management Inc. now owns 29,605 shares of the specialty retailer’s stock worth $11,155,000 after purchasing an additional 1,173 shares in the last quarter. Finally, Curi RMB Capital LLC boosted its position in shares of Pool by 1.3% during the 3rd quarter. Curi RMB Capital LLC now owns 50,828 shares of the specialty retailer’s stock worth $19,152,000 after acquiring an additional 675 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool 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 transaction, the director now directly owns 62,577 shares in the company, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by corporate insiders.

Pool Trading Down 3.8 %

NASDAQ:POOL opened at $320.75 on Friday. Pool Co. has a 12 month low of $293.51 and a 12 month high of $420.98. The firm has a market capitalization of $12.07 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The business’s 50-day moving average is $343.48 and its two-hundred day moving average is $355.60.

Pool (NASDAQ:POOL) last posted 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. Pool had a return on equity of 31.11% and a net margin of 8.18%. The business had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Research analysts predict that Pool Co. will post 11.32 earnings per share for the current fiscal 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 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 1.50%. Pool’s dividend payout ratio is presently 42.55%.

Wall Street Analyst Weigh In

POOL has been the subject of a number of research analyst reports. StockNews.com cut 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 report on Tuesday, February 4th. Two investment 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $368.00.

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.