Pool Co. (NASDAQ:POOL) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lessened its stake in Pool Co. (NASDAQ:POOL) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,542 shares of the specialty retailer’s stock after selling 1,522 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Pool were worth $4,617,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of POOL. Van ECK Associates Corp raised its stake in Pool by 10.5% during the third quarter. Van ECK Associates Corp now owns 9,029 shares of the specialty retailer’s stock worth $3,166,000 after acquiring an additional 858 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Pool by 4.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 3,242 shares of the specialty retailer’s stock worth $1,222,000 after acquiring an additional 130 shares during the period. QRG Capital Management Inc. acquired a new stake in Pool during the third quarter worth about $248,000. Avidian Wealth Enterprises LLC acquired a new stake in Pool during the third quarter worth about $228,000. Finally, WoodTrust Financial Corp raised its stake in Pool by 7.8% during the third quarter. WoodTrust Financial Corp now owns 3,475 shares of the specialty retailer’s stock worth $1,310,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

Insider Activity

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 62,577 shares of the company’s stock, valued at $21,651,642. This represents 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 at the SEC website. Insiders own 3.00% of the company’s stock.

Analyst Ratings Changes

POOL has been the topic of several research reports. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Wells Fargo & Company decreased their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Two 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $368.00.

Pool Trading Up 3.8 %

Pool stock opened at $357.03 on Friday. The firm has a 50 day simple moving average of $342.56 and a 200-day simple moving average of $355.50. 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 stock has a market capitalization of $13.59 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03. Pool Co. has a 12-month low of $293.51 and a 12-month high of $422.73.

Pool (NASDAQ:POOL) last posted its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. The business had revenue of $987.48 million during 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 expect that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Wednesday, March 12th. Pool’s dividend payout ratio (DPR) is presently 42.55%.

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.