Pool Co. (NASDAQ:POOL) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of Pool Co. (NASDAQ:POOL) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,083 shares of the specialty retailer’s stock after selling 5,400 shares during the quarter. Swiss National Bank owned 0.28% of Pool worth $36,850,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in POOL. Rakuten Securities Inc. grew its stake in Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 69 shares during the period. Sierra Ocean LLC acquired a new stake in Pool in the 4th quarter valued at $30,000. Brooklyn Investment Group acquired a new stake in Pool in the 3rd quarter valued at $31,000. Private Trust Co. NA grew its stake in 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. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Pool in the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Wells Fargo & Company lowered their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Two equities research 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $368.00.

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 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 directly owns 62,577 shares in the company, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.00% of the company’s stock.

Pool Stock Up 2.0 %

NASDAQ POOL opened at $327.21 on Monday. Pool Co. has a 52 week low of $293.51 and a 52 week high of $420.98. 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 business’s fifty day simple moving average is $343.04 and its 200-day simple moving average is $355.21. The firm has a market cap of $12.31 billion, a PE ratio of 29.01, a P/E/G ratio of 2.03 and a beta of 1.05.

Pool (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping 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 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 earnings per share for the current year.

Pool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.47%. Pool’s dividend 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.