Pool Co. (NASDAQ:POOL) Shares Sold by Tredje AP fonden

Tredje AP fonden cut its position in Pool Co. (NASDAQ:POOL) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,988 shares of the specialty retailer’s stock after selling 2,987 shares during the quarter. Tredje AP fonden’s holdings in Pool were worth $1,019,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Parnassus Investments LLC boosted its stake in shares of Pool by 3.5% during the third quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock worth $77,142,000 after buying an additional 6,987 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Pool by 816.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock worth $13,601,000 after acquiring an additional 36,403 shares during the period. L. Roy Papp & Associates LLP purchased a new position in shares of Pool in the 4th quarter valued at approximately $653,000. National Bank of Canada FI increased its holdings in shares of Pool by 46.6% in the third quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock valued at $5,869,000 after purchasing an additional 4,954 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Pool by 1.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 260,333 shares of the specialty retailer’s stock worth $98,093,000 after purchasing an additional 3,268 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Stock Up 2.0 %

POOL stock opened at $327.21 on Friday. 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’s 50-day moving average price is $343.04 and its 200 day moving average price is $355.17. Pool Co. has a 52 week low of $293.51 and a 52 week high of $420.98. The company has a market cap of $12.31 billion, a P/E ratio of 29.01, a P/E/G ratio of 2.03 and a beta of 1.05.

Pool (NASDAQ:POOL) last announced 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 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. On average, research analysts expect that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Wednesday, March 12th. Pool’s dividend payout ratio is currently 42.55%.

Analyst Ratings Changes

Several brokerages have issued reports on POOL. Wells Fargo & Company dropped their price objective on shares of 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 shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Pool presently has a consensus rating of “Hold” and an average target price of $368.00.

Insider Transactions at Pool

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 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 trade represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.

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.