Pool Co. (NASDAQ:POOL) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in shares of Pool Co. (NASDAQ:POOL) by 6.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 40,173 shares of the specialty retailer’s stock after selling 2,562 shares during the period. Thrivent Financial for Lutherans’ holdings in Pool were worth $13,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. lifted its stake in shares of Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 69 shares during the period. Brooklyn Investment Group purchased a new position in Pool during the third quarter worth about $31,000. Atala Financial Inc acquired a new stake in Pool in the fourth quarter valued at about $29,000. Sierra Ocean LLC purchased a new stake in Pool in the 4th quarter valued at approximately $30,000. Finally, Private Trust Co. NA increased its position in Pool by 76.9% during the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 60 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on POOL. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. 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 report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Pool currently has an average rating of “Hold” and a consensus price target of $368.00.

Pool Trading Down 0.1 %

NASDAQ:POOL opened at $320.14 on Friday. The company has a market capitalization of $12.05 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. Pool Co. has a 52-week low of $293.51 and a 52-week high of $420.00. The stock has a fifty day simple moving average of $342.60 and a 200-day simple moving average of $354.17. 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 announced 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. Pool had a net margin of 8.18% and a return on equity of 31.11%. The company had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. On average, equities research analysts expect that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be given 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 payout ratio is 42.55%.

Insider Transactions at Pool

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were 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 owns 62,577 shares of the company’s stock, valued at $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

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.