Pool Co. (NASDAQ:POOL) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lowered its stake in Pool Co. (NASDAQ:POOL) by 34.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,077 shares of the specialty retailer’s stock after selling 556 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Pool were worth $367,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Rakuten Securities Inc. grew its position in Pool by 2,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 69 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Pool during the 3rd quarter valued at $31,000. Atala Financial Inc purchased a new stake in Pool during the 4th quarter worth $29,000. Sierra Ocean LLC acquired a new position in Pool in the 4th quarter worth $30,000. Finally, Private Trust Co. NA boosted its position in Pool by 76.9% in the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Insider Activity

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 stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the transaction, the director now owns 62,577 shares in the company, valued at $21,651,642. This represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.00% of the company’s stock.

Pool Trading Down 0.1 %

Shares of Pool stock opened at $320.14 on Friday. The business has a fifty day simple moving average of $342.60 and a 200-day simple moving average of $354.17. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $420.00. The firm has a market cap of $12.05 billion, a price-to-earnings ratio of 28.38, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. 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 posted 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 company 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%. On average, equities analysts forecast that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.50%. The ex-dividend date is Wednesday, March 12th. Pool’s dividend payout ratio (DPR) is currently 42.55%.

Analysts Set New Price Targets

A number of brokerages have weighed in on POOL. Wells Fargo & Company lowered their price objective 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 shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Pool presently has an average rating of “Hold” and an average target price 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.