Sequoia Financial Advisors LLC Increases Stock Position in Pool Co. (NASDAQ:POOL)

Sequoia Financial Advisors LLC boosted its stake in Pool Co. (NASDAQ:POOL) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,280 shares of the specialty retailer’s stock after acquiring an additional 82 shares during the period. Sequoia Financial Advisors LLC’s holdings in Pool were worth $777,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Parnassus Investments LLC lifted its position in Pool by 3.5% in the third quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock valued at $77,142,000 after acquiring an additional 6,987 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Pool by 816.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock valued at $13,601,000 after acquiring an additional 36,403 shares during the last quarter. L. Roy Papp & Associates LLP purchased a new stake in Pool in the fourth quarter valued at $653,000. National Bank of Canada FI lifted its position in Pool by 46.6% in the third quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock valued at $5,869,000 after acquiring an additional 4,954 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Pool by 1.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 260,333 shares of the specialty retailer’s stock valued at $98,093,000 after acquiring an additional 3,268 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Trading Up 2.0 %

NASDAQ POOL opened at $327.21 on Monday. The stock has a market capitalization of $12.31 billion, a P/E ratio of 29.01, a P/E/G ratio of 2.03 and a beta of 1.05. Pool Co. has a 52-week low of $293.51 and a 52-week high of $420.98. The firm has a 50-day moving average price of $343.04 and a 200 day moving average price of $355.21. 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 (NASDAQ:POOL) last posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 8.18% and a return on equity of 31.11%. Equities research analysts expect that Pool Co. will post 11.32 EPS for the current year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 annualized dividend and a yield of 1.47%. Pool’s payout ratio is currently 42.55%.

Insiders Place Their Bets

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on POOL shares. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Wells Fargo & Company reduced their target price 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 research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $368.00.

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.