Jennifer M. Neil Sells 1,223 Shares of Pool Co. (NASDAQ:POOL) Stock

Pool Co. (NASDAQ:POOL) SVP Jennifer M. Neil sold 1,223 shares of the business’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $315.00, for a total transaction of $385,245.00. Following the sale, the senior vice president now directly owns 9,667 shares of the company’s stock, valued at $3,045,105. This represents a 11.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Pool Stock Up 2.4 %

NASDAQ POOL opened at $325.66 on Thursday. The business’s fifty day simple moving average is $338.44 and its 200-day simple moving average is $352.95. 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 has a market cap of $12.28 billion, a PE ratio of 28.87, a P/E/G ratio of 2.03 and a beta of 1.13. Pool Co. has a 52 week low of $293.51 and a 52 week high of $402.45.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 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 for the quarter, compared to the consensus estimate 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 annualized dividend and a yield of 1.47%. Pool’s dividend payout ratio (DPR) is 42.55%.

Hedge Funds Weigh In On Pool

A number of hedge funds have recently modified their holdings of the business. Berkshire Hathaway Inc purchased a new position in Pool during the third quarter worth about $152,249,000. Raymond James Financial Inc. acquired a new position in shares of Pool in the 4th quarter worth approximately $116,833,000. JPMorgan Chase & Co. boosted its position in shares of Pool by 22.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock worth $474,886,000 after purchasing an additional 232,914 shares during the period. Wellington Management Group LLP increased its holdings in Pool by 27.5% in the 4th quarter. Wellington Management Group LLP now owns 1,042,514 shares of the specialty retailer’s stock valued at $355,435,000 after purchasing an additional 224,674 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its position in Pool by 25.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 636,007 shares of the specialty retailer’s stock valued at $216,840,000 after purchasing an additional 129,780 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on POOL shares. Deutsche Bank Aktiengesellschaft assumed coverage on Pool in a research note on Tuesday. They set a “hold” rating and a $344.00 price objective for the company. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company decreased their price objective 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 analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Pool presently has a consensus rating of “Hold” and an average price target 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.