HighTower Advisors LLC Has $1.36 Million Stock Position in Pool Co. (NASDAQ:POOL)

HighTower Advisors LLC boosted its holdings in shares of Pool Co. (NASDAQ:POOL) by 1.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,976 shares of the specialty retailer’s stock after buying an additional 64 shares during the quarter. HighTower Advisors LLC’s holdings in Pool were worth $1,356,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group bought a new position in shares of Pool in the 3rd quarter worth $31,000. Sierra Ocean LLC bought a new stake in Pool during the 4th quarter worth approximately $30,000. Private Trust Co. NA raised its holdings in shares of Pool by 76.9% during the fourth 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 period. Wilmington Savings Fund Society FSB bought a new stake in Pool in the 3rd quarter valued at $60,000. Finally, YANKCOM Partnership bought a new position in shares of Pool during the fourth quarter worth about $61,000. Institutional investors own 98.99% of the company’s stock.

Insider Transactions at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director now owns 62,577 shares of the company’s stock, valued at $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on POOL shares. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Wells Fargo & Company dropped their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Pool currently has a consensus rating of “Hold” and an average target price of $368.00.

Pool Trading Down 0.1 %

Shares of Pool stock opened at $325.63 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The business has a fifty day simple moving average of $342.43 and a two-hundred day simple moving average of $354.23. Pool Co. has a 1 year low of $293.51 and a 1 year high of $415.05. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 2.03 and a beta of 1.05.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) 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 analysts’ expectations of $961.04 million. Research analysts forecast that Pool Co. will post 11.32 EPS for the current year.

Pool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be given a $1.20 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.47%. Pool’s payout ratio is presently 42.55%.

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.