Pinebridge Investments L.P. Purchases 857 Shares of Pool Co. (NASDAQ:POOL)

Pinebridge Investments L.P. lifted its position in Pool Co. (NASDAQ:POOL) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,214 shares of the specialty retailer’s stock after purchasing an additional 857 shares during the quarter. Pinebridge Investments L.P.’s holdings in Pool were worth $2,800,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. grew its position in Pool by 2,300.0% during the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock worth $25,000 after buying an additional 69 shares in the last quarter. Atala Financial Inc bought a new stake in shares of Pool during the 4th quarter valued at about $29,000. Sierra Ocean LLC purchased a new position in shares of Pool during the fourth quarter worth about $30,000. Private Trust Co. NA increased its position in shares of Pool by 76.9% in the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 60 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Pool in the third quarter valued at approximately $60,000. Institutional investors own 98.99% of the company’s stock.

Insider Transactions at Pool

In related 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 transaction of $3,460,000.00. Following the completion of the transaction, the director now owns 62,577 shares in the company, valued at $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jennifer M. Neil sold 1,223 shares of Pool stock in a transaction on Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the completion of the sale, the senior vice president now owns 9,667 shares in the company, valued at approximately $3,045,105. This trade represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

Pool Trading Up 1.0 %

Shares of POOL stock opened at $291.59 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The business has a 50-day moving average of $323.54 and a 200 day moving average of $344.55. The stock has a market capitalization of $11.00 billion, a PE ratio of 25.85, a P/E/G ratio of 2.03 and a beta of 1.13. Pool Co. has a 1-year low of $284.28 and a 1-year high of $395.60.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.10). Pool had a return on equity of 31.11% and a net margin of 8.18%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. As a group, sell-side analysts anticipate that Pool Co. will post 11.32 earnings per share for the current year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Wednesday, March 12th. Pool’s dividend payout ratio (DPR) is 42.55%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on POOL. Robert W. Baird cut their price target on shares of Pool from $325.00 to $310.00 and set a “neutral” rating for the company in a research note on Friday. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Wells Fargo & Company lowered their price target on Pool from $360.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft started coverage on Pool in a report on Tuesday, April 1st. They issued a “hold” rating and a $344.00 price objective for the company. Finally, Stifel Nicolaus decreased their price objective on Pool from $340.00 to $330.00 and set a “hold” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $348.33.

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.