Pool Co. (NASDAQ:POOL) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its holdings in Pool Co. (NASDAQ:POOL) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,853 shares of the specialty retailer’s stock after selling 4,023 shares during the period. Natixis Advisors LLC owned 0.13% of Pool worth $17,338,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in POOL. Victory Capital Management Inc. lifted its holdings in Pool by 4.1% in the third quarter. Victory Capital Management Inc. now owns 29,605 shares of the specialty retailer’s stock valued at $11,155,000 after acquiring an additional 1,173 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Pool by 8.2% in the third quarter. CIBC Asset Management Inc now owns 5,601 shares of the specialty retailer’s stock valued at $2,110,000 after acquiring an additional 423 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Pool by 3.7% in the third quarter. Thrivent Financial for Lutherans now owns 42,735 shares of the specialty retailer’s stock valued at $16,102,000 after acquiring an additional 1,530 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in Pool by 1.8% in the third quarter. Pathstone Holdings LLC now owns 8,435 shares of the specialty retailer’s stock valued at $3,178,000 after acquiring an additional 152 shares during the last quarter. Finally, Verity & Verity LLC acquired a new position in Pool in the third quarter valued at approximately $356,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

POOL has been the topic of a number of recent analyst reports. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Wells Fargo & Company decreased their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $368.00.

Pool Stock Down 0.6 %

Pool stock opened at $325.00 on Wednesday. Pool Co. has a twelve month low of $293.51 and a twelve month high of $420.98. The stock’s fifty day simple moving average is $342.87 and its 200-day simple moving average is $354.86. 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 firm has a market capitalization of $12.23 billion, a P/E ratio of 28.81, a P/E/G ratio of 2.03 and a beta of 1.05.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share 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 for the quarter, compared to analyst estimates of $961.04 million. As a group, equities analysts expect that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business 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. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Wednesday, March 12th. Pool’s dividend payout ratio is currently 42.55%.

Insider Transactions at Pool

In related 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 value of $3,460,000.00. Following the transaction, the director now 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 SEC, which is available through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

About Pool

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.