Zurcher Kantonalbank Zurich Cantonalbank Sells 609 Shares of Pool Co. (NASDAQ:POOL)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Pool Co. (NASDAQ:POOL) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,823 shares of the specialty retailer’s stock after selling 609 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Pool were worth $2,667,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parnassus Investments LLC lifted its position 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 acquiring an additional 6,987 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position 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 acquiring an additional 36,403 shares in the last quarter. L. Roy Papp & Associates LLP bought a new position in Pool in the 4th quarter valued at about $653,000. National Bank of Canada FI lifted its position 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 acquiring an additional 4,954 shares in 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 3rd 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 in the last quarter. 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 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 transaction, the director now directly owns 62,577 shares in the company, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on POOL shares. Wells Fargo & Company dropped 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 report on Tuesday, February 4th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Pool has an average rating of “Hold” and a consensus target price of $368.00.

Pool Trading Up 2.0 %

NASDAQ:POOL opened at $327.21 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. The firm has a market cap of $12.31 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth 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 two-hundred day moving average price of $355.17.

Pool (NASDAQ:POOL) last issued 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. Pool had a net margin of 8.18% and a return on equity of 31.11%. The company had revenue of $987.48 million during the quarter, compared to analyst estimates of $961.04 million. On average, equities analysts expect that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

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

About Pool

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.