1,121 Shares in Pool Co. (NASDAQ:POOL) Purchased by Allstate Corp

Allstate Corp purchased a new stake in Pool Co. (NASDAQ:POOL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,121 shares of the specialty retailer’s stock, valued at approximately $382,000.

A number of other large investors have also recently modified their holdings of the business. Rakuten Securities Inc. raised its stake in Pool by 2,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 69 shares in the last quarter. Atala Financial Inc bought a new position in shares of Pool in the 4th quarter worth $29,000. Sierra Ocean LLC purchased a new stake in shares of Pool during the 4th quarter valued at $30,000. Private Trust Co. NA lifted its holdings in shares of Pool by 76.9% during the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 60 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Pool in the third quarter worth $60,000. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on POOL shares. Deutsche Bank Aktiengesellschaft assumed coverage on Pool in a research report on Tuesday. They set a “hold” rating and a $344.00 price target on the stock. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Finally, Wells Fargo & Company cut their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Pool has a consensus rating of “Hold” and a consensus target price of $365.33.

Pool Trading Up 2.4 %

Shares of POOL opened at $325.66 on Thursday. The stock has a market capitalization of $12.28 billion, a P/E ratio of 28.87, a PEG ratio of 2.03 and a beta of 1.13. Pool Co. has a twelve month low of $293.51 and a twelve month high of $402.45. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The firm has a fifty day simple moving average of $338.44 and a two-hundred day simple moving average of $352.95.

Pool (NASDAQ:POOL) last posted its earnings results 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 net margin of 8.18% and a return on equity of 31.11%. The company had revenue of $987.48 million during the quarter, compared to analyst estimates of $961.04 million. On average, research analysts anticipate that Pool Co. will post 11.32 EPS for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were paid 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 dividend yield of 1.47%. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Insider Activity at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly 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 Securities & Exchange Commission, which is available at this link. Also, SVP Jennifer M. Neil sold 1,223 shares of Pool stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $315.00, for a total value of $385,245.00. Following the sale, the senior vice president now directly owns 9,667 shares in the company, valued at approximately $3,045,105. The trade was a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate insiders.

Pool 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.