Corient Private Wealth LLC Decreases Stake in Pool Co. (NASDAQ:POOL)

Corient Private Wealth LLC reduced its stake in Pool Co. (NASDAQ:POOL) by 47.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,157 shares of the specialty retailer’s stock after selling 30,597 shares during the period. Corient Private Wealth LLC owned about 0.09% of Pool worth $11,646,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Rakuten Securities Inc. increased its stake in Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 69 shares during the period. Atala Financial Inc purchased a new position in Pool in the 4th quarter worth approximately $29,000. Sierra Ocean LLC purchased a new position in Pool in the 4th quarter worth approximately $30,000. Brooklyn Investment Group purchased a new position in Pool in the 3rd quarter worth approximately $31,000. Finally, Private Trust Co. NA increased its stake in shares of Pool by 76.9% during the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock valued at $47,000 after buying an additional 60 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.

Pool Trading Down 0.9 %

Shares of NASDAQ:POOL opened at $322.22 on Thursday. The company has a market cap of $12.13 billion, a P/E ratio of 28.57, a PEG ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. Pool Co. has a 1 year low of $293.51 and a 1 year high of $420.98. The stock’s fifty day moving average price is $342.87 and its 200-day moving average price is $354.86.

Pool (NASDAQ:POOL) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $961.04 million. Pool had a return on equity of 31.11% and a net margin of 8.18%. Sell-side analysts expect that Pool Co. will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Wednesday, March 12th. Pool’s dividend payout ratio is 42.55%.

Insider Buying and Selling at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the stock in a transaction dated 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 transaction, the director now owns 62,577 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

POOL has been the topic of several research analyst reports. Wells Fargo & Company reduced their target price 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 cut Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Two 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 company currently has an average 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.