Pool Co. (NASDAQ:POOL) Shares Sold by US Bancorp DE

US Bancorp DE reduced its holdings in shares of Pool Co. (NASDAQ:POOL) by 27.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,013 shares of the specialty retailer’s stock after selling 3,043 shares during the period. US Bancorp DE’s holdings in Pool were worth $2,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in Pool during the 4th quarter valued at about $30,000. Brooklyn Investment Group purchased a new stake in Pool during the 3rd quarter valued at about $31,000. Private Trust Co. NA grew its stake in Pool by 76.9% during the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock valued at $47,000 after purchasing an additional 60 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Pool during the 3rd quarter valued at about $60,000. Finally, YANKCOM Partnership purchased a new stake in Pool during the 4th quarter valued at about $61,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the transaction, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wells Fargo & Company dropped their price target on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock 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 research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $368.00.

Pool Stock Up 3.8 %

Shares of POOL opened at $357.03 on Friday. 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 capitalization of $13.59 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 2.03 and a beta of 1.03. The stock’s 50-day moving average price is $342.56 and its 200-day moving average price is $355.50.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The firm had revenue of $987.48 million for 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%. On average, sell-side analysts predict that Pool Co. will post 11.32 EPS for the current year.

Pool Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a yield of 1.34%. Pool’s dividend payout ratio is currently 42.55%.

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.