NewEdge Wealth LLC Sells 1,520 Shares of Pool Co. (NASDAQ:POOL)

NewEdge Wealth LLC lessened its holdings in Pool Co. (NASDAQ:POOL) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,586 shares of the specialty retailer’s stock after selling 1,520 shares during the quarter. NewEdge Wealth LLC’s holdings in Pool were worth $4,632,000 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. Versor Investments LP bought a new position in Pool in the 3rd quarter valued at $720,000. Parnassus Investments LLC lifted its position in shares of Pool by 3.5% during the 3rd quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock valued at $77,142,000 after buying an additional 6,987 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 valued at $13,601,000 after buying an additional 36,403 shares during the last quarter. L. Roy Papp & Associates LLP purchased a new position in shares of Pool during the 4th quarter valued at $653,000. Finally, National Bank of Canada FI lifted its position 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 valued at $5,869,000 after buying an additional 4,954 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

Pool Stock Performance

Shares of POOL opened at $342.54 on Friday. The stock’s 50-day simple moving average is $343.00 and its 200 day simple moving average is $355.57. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 30.37, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. The business had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. Research analysts forecast that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 1.40%. Pool’s dividend payout ratio is currently 42.55%.

Analysts Set New Price Targets

A number of brokerages have recently commented on POOL. 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 report on Tuesday, February 4th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research report on Friday. 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $368.00.

Insiders Place Their Bets

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction dated 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 directly owns 62,577 shares in the company, valued at approximately $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 can be accessed through this link. Corporate insiders own 3.00% of the company’s stock.

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.