Commonwealth Equity Services LLC Sells 67 Shares of Pool Co. (NASDAQ:POOL)

Commonwealth Equity Services LLC lowered its holdings in Pool Co. (NASDAQ:POOL) by 3.8% in the 4th quarter, HoldingsChannel reports. The firm owned 1,681 shares of the specialty retailer’s stock after selling 67 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Pool were worth $573,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Rakuten Securities Inc. increased its holdings in Pool by 2,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 69 shares during the period. Sierra Ocean LLC bought a new stake in Pool during the 4th quarter valued at $30,000. Private Trust Co. NA increased its holdings in shares of Pool by 76.9% in the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 60 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Pool in the 3rd quarter worth $60,000. Finally, YANKCOM Partnership purchased a new stake in shares of Pool during the 4th quarter worth $61,000. Institutional investors own 98.99% of the company’s stock.

Insiders Place Their Bets

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction on 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 sale, the director now owns 62,577 shares in the company, valued at $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jennifer M. Neil sold 1,223 shares of the business’s stock in a transaction on Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the transaction, the senior vice president now owns 9,667 shares of the company’s stock, valued at $3,045,105. This represents 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 currently owned by insiders.

Pool Stock Performance

POOL opened at $315.05 on Friday. The company has a market cap of $11.88 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. 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’s 50-day moving average price is $336.70 and its 200-day moving average price is $352.37. Pool Co. has a 52-week low of $293.51 and a 52-week high of $402.45.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating 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 business had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. As a group, equities analysts anticipate that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were given a dividend of $1.20 per share. The ex-dividend date was Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a yield of 1.52%. Pool’s dividend payout ratio is currently 42.55%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Wells Fargo & Company cut their target price 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 downgraded shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Pool in a research report on Tuesday. They set a “hold” rating and a $344.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $365.33.

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.