Sigma Planning Corp Purchases 167 Shares of Pool Co. (NASDAQ:POOL)

Sigma Planning Corp boosted its holdings in shares of Pool Co. (NASDAQ:POOL) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,020 shares of the specialty retailer’s stock after acquiring an additional 167 shares during the quarter. Sigma Planning Corp’s holdings in Pool were worth $689,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Pool by 19.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,457 shares of the specialty retailer’s stock worth $1,679,000 after buying an additional 719 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Pool by 27.3% in the 3rd quarter. Private Advisor Group LLC now owns 1,562 shares of the specialty retailer’s stock worth $589,000 after purchasing an additional 335 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Pool by 12.8% during the third quarter. Assenagon Asset Management S.A. now owns 10,230 shares of the specialty retailer’s stock worth $3,855,000 after purchasing an additional 1,161 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Pool by 32.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,441 shares of the specialty retailer’s stock worth $1,282,000 after purchasing an additional 841 shares during the period. Finally, Forsta AP Fonden grew its holdings in Pool by 11.8% during the third quarter. Forsta AP Fonden now owns 8,500 shares of the specialty retailer’s stock valued at $3,203,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Down 0.3 %

Shares of POOL opened at $347.74 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. The company has a 50-day simple moving average of $343.00 and a 200-day simple moving average of $355.57. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The firm has a market capitalization of $13.23 billion, a P/E ratio of 30.83, a P/E/G ratio of 2.03 and a beta of 1.03.

Pool (NASDAQ:POOL) last posted its quarterly 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. Pool had a return on equity of 31.11% and a net margin of 8.18%. The firm had revenue of $987.48 million during the quarter, compared to analysts’ expectations of $961.04 million. On average, equities research analysts expect that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.38%. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on POOL shares. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Wells Fargo & Company decreased their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $368.00.

Insider Activity

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the sale, the director now directly owns 62,577 shares in the company, valued at approximately $21,651,642. This represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.00% of the company’s stock.

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.