Whittier Trust Co. of Nevada Inc. Sells 168 Shares of Pool Co. (NASDAQ:POOL)

Whittier Trust Co. of Nevada Inc. lessened its holdings in Pool Co. (NASDAQ:POOL) by 51.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158 shares of the specialty retailer’s stock after selling 168 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Pool were worth $54,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Pool by 816.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock worth $13,601,000 after acquiring an additional 36,403 shares during the period. L. Roy Papp & Associates LLP bought a new position in shares of Pool during the 4th quarter worth $653,000. National Bank of Canada FI grew its stake in shares of Pool by 46.6% during the 3rd quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock worth $5,869,000 after acquiring an additional 4,954 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Pool by 1.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 260,333 shares of the specialty retailer’s stock worth $98,093,000 after acquiring an additional 3,268 shares during the period. Finally, World Equity Group Inc. purchased a new stake in Pool during the 4th quarter worth about $272,000. Institutional investors own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on POOL shares. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Wells Fargo & Company dropped 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $368.00.

Insider Transactions at Pool

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s stock in a transaction that occurred 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 owns 62,577 shares in the company, valued at $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

Pool Stock Performance

NASDAQ:POOL opened at $320.14 on Monday. The business’s 50-day moving average price is $342.60 and its two-hundred day moving average price is $354.34. Pool Co. has a twelve month low of $293.51 and a twelve month high of $418.32. The stock has a market cap of $12.05 billion, a P/E ratio of 28.38, a PEG 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 released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.08. Pool had a return on equity of 31.11% and a net margin of 8.18%. The firm had revenue of $987.48 million for the quarter, compared to analysts’ expectations of $961.04 million. As a group, equities analysts predict that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be given a $1.20 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.50%. Pool’s dividend payout ratio is currently 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.