Pool Co. (NASDAQ:POOL) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. lowered its stake in Pool Co. (NASDAQ:POOL) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 277,769 shares of the specialty retailer’s stock after selling 23,527 shares during the quarter. TD Asset Management Inc.’s holdings in Pool were worth $94,703,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Second Line Capital LLC lifted its stake in shares of Pool by 4.8% in the 3rd quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock worth $322,000 after acquiring an additional 39 shares during the period. Venturi Wealth Management LLC lifted its position in Pool by 4.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock worth $383,000 after purchasing an additional 43 shares during the period. Sugarloaf Wealth Management LLC lifted its position in Pool by 10.1% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock worth $197,000 after purchasing an additional 53 shares during the period. TD Private Client Wealth LLC boosted its stake in Pool by 0.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer’s stock valued at $2,732,000 after purchasing an additional 54 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its position in shares of Pool by 0.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,578 shares of the specialty retailer’s stock valued at $5,993,000 after purchasing an additional 54 shares during the period. Institutional investors own 98.99% of the company’s stock.

Pool Trading Down 0.1 %

Shares of POOL opened at $325.63 on Wednesday. The business’s 50-day moving average price is $342.43 and its 200 day moving average price is $354.23. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $12.25 billion, a P/E ratio of 28.87, a P/E/G ratio of 2.03 and a beta of 1.05. Pool Co. has a 1-year low of $293.51 and a 1-year high of $415.05.

Pool (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 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 business had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Analysts expect that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued 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 dividend yield of 1.47%. Pool’s dividend payout ratio is 42.55%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on POOL shares. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Wells Fargo & Company cut their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company 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 given a buy rating to the company. According to data from MarketBeat, Pool presently has an average rating of “Hold” and an average target price of $368.00.

Insider Activity at Pool

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

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.