Mn Services Vermogensbeheer B.V. lifted its stake in shares of Pool Co. (NASDAQ:POOL – Free Report) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,700 shares of the specialty retailer’s stock after purchasing an additional 800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Pool were worth $5,353,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of POOL. Sierra Ocean LLC acquired a new stake in shares of Pool during the 4th quarter worth $30,000. Brooklyn Investment Group acquired a new stake in shares of Pool during the 3rd quarter worth $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Pool during the 3rd quarter worth $60,000. YANKCOM Partnership acquired a new stake in shares of Pool during the 4th quarter worth $61,000. Finally, Hilltop National Bank boosted its stake in Pool by 18.1% in the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock valued at $140,000 after buying an additional 63 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Pool
In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’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 in the company, valued at $21,651,642. This trade represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.00% of the company’s stock.
Pool Price Performance
Pool (NASDAQ:POOL – Get Free Report) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. The firm had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. Analysts expect that Pool Co. will post 11.32 EPS for the current year.
Pool Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 annualized dividend and a yield of 1.38%. Pool’s dividend payout ratio is presently 42.55%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Wells Fargo & Company reduced their price objective 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 lowered Pool from a “hold” rating to a “sell” rating in a research note on Friday. Two 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $368.00.
Check Out Our Latest Analysis on Pool
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.
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