Pool Co. (NASDAQ:POOL) Shares Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. grew its position in Pool Co. (NASDAQ:POOL) by 104.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,778 shares of the specialty retailer’s stock after acquiring an additional 1,926 shares during the period. Landscape Capital Management L.L.C.’s holdings in Pool were worth $1,288,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in Pool by 816.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock worth $13,601,000 after purchasing an additional 36,403 shares during the period. L. Roy Papp & Associates LLP acquired a new position in Pool during the fourth quarter worth $653,000. National Bank of Canada FI raised its position in Pool by 46.6% in the third quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock worth $5,869,000 after acquiring an additional 4,954 shares in the last quarter. World Equity Group Inc. acquired a new stake in Pool in the fourth quarter valued at $272,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Pool by 28.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 49,056 shares of the specialty retailer’s stock worth $16,725,000 after purchasing an additional 10,880 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Pool Stock Up 0.4 %

Shares of NASDAQ:POOL opened at $315.05 on Friday. The company has a market capitalization of $11.88 billion, a P/E ratio of 27.93, a P/E/G ratio of 2.03 and a beta of 1.13. The stock’s fifty day simple moving average is $336.70 and its 200-day simple moving average is $352.37. Pool Co. has a 52-week low of $293.51 and a 52-week high of $402.45. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71.

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

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th were issued a $1.20 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 annualized dividend and a yield of 1.52%. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Analyst Upgrades and Downgrades

POOL has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Pool in a report on Tuesday. They issued a “hold” rating and a $344.00 target price for the company. Finally, Wells Fargo & Company decreased their price target 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $365.33.

Insiders Place Their Bets

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction 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. This represents a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jennifer M. Neil sold 1,223 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $315.00, for a total transaction of $385,245.00. Following the completion of the sale, the senior vice president now directly owns 9,667 shares in the company, 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. Corporate insiders own 3.00% of the company’s stock.

Pool 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.