Private Advisor Group LLC Has $487,000 Position in Pool Co. (NASDAQ:POOL)

Private Advisor Group LLC reduced its position in shares of Pool Co. (NASDAQ:POOL) by 8.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,429 shares of the specialty retailer’s stock after selling 133 shares during the period. Private Advisor Group LLC’s holdings in Pool were worth $487,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC increased its stake in shares of Pool by 62.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 172,538 shares of the specialty retailer’s stock worth $58,825,000 after acquiring an additional 66,409 shares during the last quarter. Global Retirement Partners LLC increased its position in Pool by 298.4% during the fourth quarter. Global Retirement Partners LLC now owns 749 shares of the specialty retailer’s stock worth $255,000 after buying an additional 561 shares during the last quarter. Venturi Wealth Management LLC increased its position in Pool by 4.0% during the fourth quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock worth $383,000 after buying an additional 43 shares during the last quarter. Empower Advisory Group LLC increased its position in Pool by 5.3% during the fourth quarter. Empower Advisory Group LLC now owns 189,397 shares of the specialty retailer’s stock worth $64,573,000 after buying an additional 9,589 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Pool by 3.9% during the fourth quarter. CIBC Asset Management Inc now owns 5,818 shares of the specialty retailer’s stock valued at $1,984,000 after acquiring an additional 217 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Price Performance

Shares of POOL stock opened at $344.18 on Tuesday. The stock’s fifty day moving average is $342.99 and its 200-day moving average is $355.63. 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 stock has a market capitalization of $13.10 billion, a PE ratio of 30.51, a PEG ratio of 2.03 and a beta of 1.03. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. The business had revenue of $987.48 million for the quarter, compared to analysts’ expectations of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. Equities research analysts expect that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, March 12th. Pool’s dividend payout ratio (DPR) is currently 42.55%.

Insiders Place Their Bets

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool 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 owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. 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. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $368.00.

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.