King Luther Capital Management Corp Buys 1,367 Shares of Pool Co. (NASDAQ:POOL)

King Luther Capital Management Corp boosted its position in shares of Pool Co. (NASDAQ:POOL) by 5.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,869 shares of the specialty retailer’s stock after buying an additional 1,367 shares during the quarter. King Luther Capital Management Corp’s holdings in Pool were worth $9,161,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Versor Investments LP acquired a new position in shares of Pool during the third quarter valued at $720,000. Parnassus Investments LLC lifted its position in Pool by 3.5% during the 3rd quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock valued at $77,142,000 after purchasing an additional 6,987 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Pool by 816.8% in 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 purchasing an additional 36,403 shares during the last quarter. L. Roy Papp & Associates LLP acquired a new stake in shares of Pool during the 4th quarter worth approximately $653,000. Finally, National Bank of Canada FI grew its position in shares of Pool by 46.6% during the 3rd quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock worth $5,869,000 after buying an additional 4,954 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Insider Transactions at Pool

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

Pool Stock Performance

Shares of Pool stock opened at $343.56 on Wednesday. The stock’s fifty day simple moving average is $343.58 and its 200 day simple moving average is $355.86. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $12.93 billion, a PE ratio of 30.46, a PEG ratio of 2.03 and a beta of 1.05. Pool Co. has a 12 month low of $293.51 and a 12 month high of $420.98.

Pool (NASDAQ:POOL) last released 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 company had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. On average, research analysts predict that Pool Co. will post 11.32 EPS for the current year.

Pool Dividend Announcement

The business also recently declared 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. This represents a $4.80 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Wednesday, March 12th. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Analysts Set New Price Targets

POOL has been the topic of a number of recent research reports. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Wells Fargo & Company reduced their price target 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 assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Pool has an average rating of “Hold” and an average target price 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.