Intrust Bank NA Sells 417 Shares of Pool Co. (NASDAQ:POOL)

Intrust Bank NA lessened its stake in shares of Pool Co. (NASDAQ:POOL) by 11.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,271 shares of the specialty retailer’s stock after selling 417 shares during the quarter. Intrust Bank NA’s holdings in Pool were worth $1,115,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allstate Corp bought a new stake in Pool during the 4th quarter worth approximately $382,000. Brown Brothers Harriman & Co. grew its position in shares of Pool by 34.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 531 shares of the specialty retailer’s stock valued at $181,000 after purchasing an additional 137 shares in the last quarter. DnB Asset Management AS grew its position in shares of Pool by 4.3% during the 4th quarter. DnB Asset Management AS now owns 6,312 shares of the specialty retailer’s stock valued at $2,152,000 after purchasing an additional 258 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Pool by 25.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 636,007 shares of the specialty retailer’s stock worth $216,840,000 after purchasing an additional 129,780 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Pool by 0.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 19,946 shares of the specialty retailer’s stock valued at $6,800,000 after buying an additional 119 shares during the period. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on POOL shares. Wells Fargo & Company decreased their target price 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. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Two 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’s stock. Based on data from MarketBeat, Pool presently has a consensus rating of “Hold” and a consensus price target of $368.00.

Insider Activity

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were 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 in the company, valued at approximately $21,651,642. This trade represents 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 this hyperlink. Insiders own 3.00% of the company’s stock.

Pool Stock Performance

Shares of NASDAQ POOL opened at $314.92 on Friday. The stock’s 50-day moving average is $340.58 and its 200 day moving average is $353.55. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 2.03 and a beta of 1.05. Pool Co. has a 1-year low of $293.51 and a 1-year high of $403.61. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping 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 firm had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. On average, sell-side analysts anticipate that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were given a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 annualized dividend and a yield of 1.52%. Pool’s payout ratio is 42.55%.

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.