SVB Wealth LLC Takes $7.22 Million Position in Pool Co. (NASDAQ:POOL)

SVB Wealth LLC acquired a new stake in Pool Co. (NASDAQ:POOL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 21,181 shares of the specialty retailer’s stock, valued at approximately $7,221,000. SVB Wealth LLC owned 0.06% of Pool at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new position in shares of Pool in the 4th quarter valued at about $30,000. Brooklyn Investment Group acquired a new position in shares of Pool in the 3rd quarter valued at about $31,000. Private Trust Co. NA raised 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 worth $47,000 after buying an additional 60 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Pool during the 3rd quarter worth approximately $60,000. Finally, YANKCOM Partnership acquired a new position in Pool during the 4th quarter worth approximately $61,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

POOL has been the topic of a number of research reports. 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $368.00.

Pool Stock Performance

Shares of POOL opened at $347.00 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. The stock has a 50 day moving average price of $343.03 and a two-hundred day moving average price of $355.48. The firm has a market capitalization of $13.21 billion, a P/E ratio of 30.76, a P/E/G 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) last issued its quarterly earnings data 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 during 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%. Equities analysts forecast that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders 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 1.38%. The ex-dividend date of this dividend is Wednesday, March 12th. Pool’s dividend payout ratio is currently 42.55%.

Insider Activity

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the transaction, the director now directly owns 62,577 shares of the company’s stock, valued at $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.00% of the stock is currently owned by corporate 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.