New York Life Investment Management LLC Sells 391 Shares of Pool Co. (NASDAQ:POOL)

New York Life Investment Management LLC decreased its holdings in Pool Co. (NASDAQ:POOL) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,255 shares of the specialty retailer’s stock after selling 391 shares during the period. New York Life Investment Management LLC’s holdings in Pool were worth $3,155,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sierra Ocean LLC bought a new stake in shares of Pool in the 4th quarter worth $30,000. Brooklyn Investment Group purchased a new position in shares of Pool in the third quarter valued at about $31,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pool in the third quarter worth about $60,000. YANKCOM Partnership purchased a new stake in shares of Pool in the fourth quarter worth about $61,000. Finally, Hilltop National Bank increased its stake in Pool by 18.1% during the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Insider Activity at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 62,577 shares in the company, valued at $21,651,642. The trade was a 13.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.00% of the company’s stock.

Pool Price Performance

Shares of NASDAQ:POOL opened at $347.00 on Friday. The company has a 50-day moving average price of $342.99 and a 200 day moving average price of $355.50. Pool Co. has a 52 week low of $293.51 and a 52 week high of $422.73. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The company has a market cap of $13.21 billion, a P/E ratio of 30.76, a PEG ratio of 2.03 and a beta of 1.03.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $961.04 million. Research analysts predict that Pool Co. will post 11.32 earnings per share for the current year.

Pool Announces Dividend

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 $1.20 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 annualized dividend and a yield of 1.38%. Pool’s payout ratio is currently 42.55%.

Analyst Upgrades and Downgrades

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

Pool Company 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.