Wealthfront Advisers LLC Has $8.99 Million Position in Pool Co. (NASDAQ:POOL)

Wealthfront Advisers LLC lifted its holdings in shares of Pool Co. (NASDAQ:POOL) by 174.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,360 shares of the specialty retailer’s stock after purchasing an additional 16,740 shares during the period. Wealthfront Advisers LLC owned 0.07% of Pool worth $8,987,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in POOL. Versor Investments LP bought a new position in Pool in the third quarter valued at about $720,000. Parnassus Investments LLC boosted its holdings 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 boosted its holdings 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 bought a new position in Pool in the fourth quarter valued at about $653,000. Finally, National Bank of Canada FI boosted its holdings 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. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on POOL. 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 report on Tuesday, February 4th. StockNews.com cut Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $368.00.

Insider Activity at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’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 transaction, the director now owns 62,577 shares of the company’s stock, valued at $21,651,642. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is owned by insiders.

Pool Trading Down 3.0 %

NASDAQ POOL opened at $333.34 on Thursday. The firm has a market cap of $12.54 billion, a P/E ratio of 29.55, a P/E/G 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. The stock’s 50-day moving average is $343.63 and its 200-day moving average is $355.75. Pool Co. has a one year low of $293.51 and a one year high of $420.98.

Pool (NASDAQ:POOL) last released its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Pool had a return on equity of 31.11% and a net margin of 8.18%. The company had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. Sell-side analysts anticipate that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Wednesday, March 12th. Pool’s dividend payout ratio is presently 42.55%.

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.