Mission Wealth Management LP Lowers Stake in Pool Co. (NASDAQ:POOL)

Mission Wealth Management LP reduced its position in shares of Pool Co. (NASDAQ:POOL) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,076 shares of the specialty retailer’s stock after selling 495 shares during the quarter. Mission Wealth Management LP’s holdings in Pool were worth $708,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Versor Investments LP purchased a new stake in shares of Pool during the 3rd quarter worth about $720,000. Parnassus Investments LLC lifted its stake in Pool by 3.5% in the 3rd quarter. Parnassus Investments LLC now owns 204,730 shares of the specialty retailer’s stock valued at $77,142,000 after buying an additional 6,987 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Pool by 816.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock valued at $13,601,000 after buying an additional 36,403 shares in the last quarter. L. Roy Papp & Associates LLP purchased a new position in Pool in the 4th quarter valued at about $653,000. Finally, National Bank of Canada FI lifted its stake in Pool by 46.6% in the 3rd quarter. National Bank of Canada FI now owns 15,576 shares of the specialty retailer’s stock valued at $5,869,000 after buying an additional 4,954 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the sale, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.00% of the company’s stock.

Pool Trading Down 0.8 %

POOL opened at $341.29 on Wednesday. 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 company’s 50 day simple moving average is $342.92 and its two-hundred day simple moving average is $355.61. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The firm has a market capitalization of $12.99 billion, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03.

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, topping analysts’ consensus estimates of $0.89 by $0.08. The business had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. Analysts expect that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.41%. Pool’s dividend payout ratio is currently 42.55%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on POOL. Wells Fargo & Company decreased their price target on shares of 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 lowered shares of Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.