Pool Co. (NASDAQ:POOL) Shares Sold by 2Xideas AG

2Xideas AG lowered its holdings in shares of Pool Co. (NASDAQ:POOL) by 58.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,269 shares of the specialty retailer’s stock after selling 14,700 shares during the period. 2Xideas AG’s holdings in Pool were worth $3,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of POOL. Second Line Capital LLC grew its position in Pool by 4.8% in the 3rd quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock valued at $322,000 after buying an additional 39 shares in the last quarter. Waterloo Capital L.P. boosted its holdings in shares of Pool by 7.1% in the fourth quarter. Waterloo Capital L.P. now owns 635 shares of the specialty retailer’s stock valued at $216,000 after acquiring an additional 42 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Pool by 4.0% during the fourth quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock valued at $383,000 after acquiring an additional 43 shares during the period. Sugarloaf Wealth Management LLC raised its holdings in Pool by 10.1% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 53 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position in Pool by 0.8% in the third quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer’s stock worth $2,732,000 after purchasing an additional 54 shares during the period. Institutional investors own 98.99% of the company’s stock.

Insider Buying and Selling at Pool

In other Pool 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 completion of the sale, the director now owns 62,577 shares of the company’s stock, valued at $21,651,642. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jennifer M. Neil sold 1,223 shares of the company’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $315.00, for a total transaction of $385,245.00. Following the completion of the transaction, the senior vice president now directly owns 9,667 shares in the company, valued at $3,045,105. This trade represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on POOL shares. Deutsche Bank Aktiengesellschaft initiated coverage on Pool in a research report on Tuesday, April 1st. They set a “hold” rating and a $344.00 price target on the stock. Wells Fargo & Company dropped their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Finally, StockNews.com lowered 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, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $365.33.

Pool Stock Performance

Pool stock opened at $315.05 on Friday. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $402.45. The firm’s 50 day simple moving average is $336.70 and its 200-day simple moving average is $352.37. 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 company has a market cap of $11.88 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. The company had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. As a group, equities research analysts predict that Pool Co. will post 11.32 EPS for the current year.

Pool Announces Dividend

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