Atria Investments Inc trimmed its position in shares of Pool Co. (NASDAQ:POOL - Free Report) by 18.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,936 shares of the specialty retailer's stock after selling 2,647 shares during the quarter. Atria Investments Inc's holdings in Pool were worth $4,070,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Empirical Finance LLC boosted its stake in shares of Pool by 3.7% in the third quarter. Empirical Finance LLC now owns 1,103 shares of the specialty retailer's stock valued at $416,000 after purchasing an additional 39 shares during the period. Second Line Capital LLC lifted its holdings in Pool by 4.8% during the 3rd quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer's stock worth $322,000 after buying an additional 39 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Pool by 4.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer's stock valued at $383,000 after buying an additional 43 shares during the period. Sugarloaf Wealth Management LLC boosted its position in Pool by 10.1% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer's stock valued at $197,000 after buying an additional 53 shares during the period. Finally, TD Private Client Wealth LLC increased its position in shares of Pool by 0.8% during the third quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer's stock worth $2,732,000 after acquiring an additional 54 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.
In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool 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 completion of the transaction, the director now directly 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 document filed with the SEC, which is available at this hyperlink. Insiders own 3.00% of the company's stock.
A number of research analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Pool from $370.00 to $360.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. StockNews.com cut 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 stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $368.00.
View Our Latest Stock Report on Pool
POOL stock traded up $7.28 during trading on Friday, hitting $364.31. 547,389 shares of the company's stock were exchanged, compared to its average volume of 407,736. The business has a 50-day moving average price of $343.08 and a two-hundred day moving average price of $355.64. 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 $13.86 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 2.03 and a beta of 1.03. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73.
Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.08. Pool had a net margin of 8.18% and a return on equity of 31.11%. The firm had revenue of $987.48 million during the quarter, compared to analysts' expectations of $961.04 million. As a group, equities research analysts expect that Pool Co. will post 11.32 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Wednesday, March 12th. Pool's dividend payout ratio is currently 42.55%.
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.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pool wasn't on the list.
While Pool currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.