Avior Wealth Management LLC Acquires 39 Shares of Pool Co. (NASDAQ:POOL)

Avior Wealth Management LLC grew its holdings in shares of Pool Co. (NASDAQ:POOL) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 889 shares of the specialty retailer’s stock after buying an additional 39 shares during the period. Avior Wealth Management LLC’s holdings in Pool were worth $354,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of POOL. Morgan Stanley boosted its holdings in shares of Pool by 62.4% during the 4th quarter. Morgan Stanley now owns 1,204,052 shares of the specialty retailer’s stock valued at $364,021,000 after buying an additional 462,507 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Pool by 56.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock worth $308,156,000 after purchasing an additional 313,190 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Pool by 463.2% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 240,623 shares of the specialty retailer’s stock worth $85,686,000 after purchasing an additional 197,900 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Pool by 30,047.2% in the 4th quarter. International Assets Investment Management LLC now owns 183,898 shares of the specialty retailer’s stock worth $73,322,000 after purchasing an additional 183,288 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in Pool by 11.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,618,956 shares of the specialty retailer’s stock worth $554,395,000 after buying an additional 162,319 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 0.5 %

Pool stock opened at $361.13 on Friday. The firm has a 50 day moving average of $394.15 and a 200 day moving average of $372.57. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 3.37 and a beta of 1.00. Pool Co. has a 12-month low of $307.77 and a 12-month high of $422.73. The company has a current ratio of 2.36, a quick ratio of 0.58 and a debt-to-equity ratio of 0.77.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.02. Pool had a return on equity of 37.94% and a net margin of 9.44%. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period in the prior year, the company posted $1.79 EPS. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. As a group, research analysts predict that Pool Co. will post 13.3 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $1.10 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $4.40 annualized dividend and a yield of 1.22%. Pool’s payout ratio is 33.03%.

Analyst Ratings Changes

POOL has been the subject of a number of recent analyst reports. Loop Capital lowered Pool from a “buy” rating to a “hold” rating and boosted their target price for the stock from $380.00 to $415.00 in a research report on Monday, January 8th. Oppenheimer boosted their target price on Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Stifel Nicolaus reissued a “hold” rating and issued a $370.00 target price on shares of Pool in a research report on Tuesday, March 5th. Finally, TheStreet lowered Pool from a “b” rating to a “c+” rating in a research report on Thursday, February 22nd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Pool presently has an average rating of “Hold” and an average price target of $401.50.

Insiders Place Their Bets

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $401.00, for a total value of $441,100.00. Following the completion of the transaction, the general counsel now directly owns 8,622 shares in the company, valued at approximately $3,457,422. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.00% of the stock is currently owned by corporate insiders.

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.