Alta Capital Management LLC Boosts Stock Position in Pool Co. (NASDAQ:POOL)

Alta Capital Management LLC lifted its position in Pool Co. (NASDAQ:POOL) by 0.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 28,417 shares of the specialty retailer’s stock after buying an additional 47 shares during the quarter. Alta Capital Management LLC’s holdings in Pool were worth $9,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Empirical Finance LLC increased its holdings in Pool by 3.7% during the 3rd quarter. Empirical Finance LLC now owns 1,103 shares of the specialty retailer’s stock worth $416,000 after purchasing an additional 39 shares during the period. Second Line Capital LLC increased 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 purchasing an additional 39 shares during the period. Venturi Wealth Management LLC increased its holdings in Pool by 4.0% during the 4th 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 increased its holdings in Pool by 10.1% during the 4th 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. Finally, TD Private Client Wealth LLC increased its holdings 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 worth $2,732,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Insider Activity at Pool

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 completion of the sale, the director now directly owns 62,577 shares of the company’s stock, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

Pool Stock Down 0.8 %

Shares of NASDAQ POOL opened at $344.18 on Tuesday. The stock has a market cap of $13.10 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73. The business has a 50-day moving average price of $342.99 and a 200 day moving average price of $355.63.

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

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be given a $1.20 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.39%. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Analysts Set New Price Targets

POOL has been the topic of several recent research reports. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a report on Friday. Wells Fargo & Company dropped their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Two 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $368.00.

Pool 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.