723 Shares in Pool Co. (NASDAQ:POOL) Acquired by FourThought Financial Partners LLC

FourThought Financial Partners LLC acquired a new stake in Pool Co. (NASDAQ:POOL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 723 shares of the specialty retailer’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Berkshire Hathaway Inc bought a new stake in shares of Pool in the 3rd quarter valued at about $152,249,000. JPMorgan Chase & Co. increased its stake in Pool by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 1,260,313 shares of the specialty retailer’s stock valued at $474,886,000 after purchasing an additional 232,914 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of Pool during the third quarter worth $40,750,000. Lord Abbett & CO. LLC grew its holdings in shares of Pool by 44.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock valued at $81,981,000 after buying an additional 66,791 shares during the period. Finally, TimesSquare Capital Management LLC increased its position in shares of Pool by 62.6% in the 4th quarter. TimesSquare Capital Management LLC now owns 172,538 shares of the specialty retailer’s stock valued at $58,825,000 after buying an additional 66,409 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

POOL has been the topic of several recent analyst reports. StockNews.com upgraded Pool from a “sell” rating to a “hold” rating in a report on Thursday, February 20th. Wells Fargo & Company cut 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Pool has a consensus rating of “Hold” and a consensus target price of $368.00.

Insider Activity at Pool

In related 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 stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the sale, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is owned by insiders.

Pool Stock Performance

Shares of Pool stock opened at $347.74 on Thursday. 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 firm has a market cap of $13.23 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03. The stock’s 50-day moving average is $343.00 and its 200-day moving average is $355.57. Pool Co. has a one year low of $293.51 and a one year high of $422.73.

Pool (NASDAQ:POOL) last released its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, beating the consensus estimate of $0.89 by $0.08. The firm 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 analysts predict that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.38%. Pool’s payout ratio is 42.55%.

About Pool

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.