Wealthfront Advisers LLC Has $8.99 Million Stock Position in Pool Co. (NASDAQ:POOL)

Wealthfront Advisers LLC grew its stake in shares of Pool Co. (NASDAQ:POOL) by 174.0% during the 4th quarter, Holdings Channel reports. The firm owned 26,360 shares of the specialty retailer’s stock after buying an additional 16,740 shares during the period. Wealthfront Advisers LLC’s holdings in Pool were worth $8,987,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 232,914 shares during the period. Geode Capital Management LLC boosted its stake in shares of Pool by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 964,343 shares of the specialty retailer’s stock worth $362,196,000 after acquiring an additional 6,232 shares during the period. Wasatch Advisors LP boosted its stake in shares of Pool by 0.6% during the 3rd quarter. Wasatch Advisors LP now owns 565,339 shares of the specialty retailer’s stock worth $213,020,000 after acquiring an additional 3,428 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Pool by 0.9% during the 4th quarter. Bank of New York Mellon Corp now owns 419,919 shares of the specialty retailer’s stock worth $143,167,000 after acquiring an additional 3,575 shares during the period. Finally, Berkshire Hathaway Inc bought a new position in shares of Pool during the 3rd quarter worth approximately $152,249,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Performance

POOL opened at $333.34 on Thursday. The business has a fifty day simple moving average of $343.63 and a 200 day simple moving average of $355.75. The company has a market capitalization of $12.54 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. Pool Co. has a 1 year low of $293.51 and a 1 year high of $420.98. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77.

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, beating the consensus estimate of $0.89 by $0.08. The business had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. Research analysts expect that Pool Co. will post 11.32 EPS for the current year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be issued a $1.20 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $4.80 annualized dividend and a yield of 1.44%. Pool’s dividend payout ratio is presently 42.55%.

Insider Buying and Selling at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction on Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the transaction, the director now directly owns 62,577 shares of the company’s stock, valued at $21,651,642. The trade was a 13.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on POOL shares. Wells Fargo & Company reduced their target price on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Pool presently has a consensus rating of “Hold” and an average price target of $368.00.

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.