Wealthspire Advisors LLC Sells 99 Shares of Pool Co. (NASDAQ:POOL)

Wealthspire Advisors LLC cut its position in Pool Co. (NASDAQ:POOL) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,882 shares of the specialty retailer’s stock after selling 99 shares during the quarter. Wealthspire Advisors LLC’s holdings in Pool were worth $642,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Pool by 19.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,457 shares of the specialty retailer’s stock valued at $1,679,000 after acquiring an additional 719 shares during the period. Private Advisor Group LLC boosted its holdings in Pool by 27.3% in the 3rd quarter. Private Advisor Group LLC now owns 1,562 shares of the specialty retailer’s stock valued at $589,000 after purchasing an additional 335 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Pool by 12.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 10,230 shares of the specialty retailer’s stock valued at $3,855,000 after purchasing an additional 1,161 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Pool by 32.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,441 shares of the specialty retailer’s stock worth $1,282,000 after purchasing an additional 841 shares in the last quarter. Finally, Forsta AP Fonden increased its holdings in shares of Pool by 11.8% during the third quarter. Forsta AP Fonden now owns 8,500 shares of the specialty retailer’s stock worth $3,203,000 after purchasing an additional 900 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a research note on Thursday, February 20th. Wells Fargo & Company cut their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Pool presently has a consensus rating of “Hold” and an average target price of $368.00.

Pool Trading Up 1.2 %

Shares of POOL stock opened at $348.72 on Wednesday. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73. The stock’s fifty day moving average price is $342.92 and its two-hundred day moving average price is $355.63. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. The company has a market cap of $13.27 billion, a PE ratio of 30.91, a P/E/G ratio of 2.03 and a beta of 1.03.

Pool (NASDAQ:POOL) last released its quarterly earnings data 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. The business had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. Equities analysts predict that Pool Co. will post 11.32 EPS for the current fiscal year.

Insider Activity at Pool

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by insiders.

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.