Pool Co. (NASDAQ:POOL) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in Pool Co. (NASDAQ:POOL) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,173 shares of the specialty retailer’s stock after selling 2,562 shares during the quarter. Thrivent Financial for Lutherans owned 0.11% of Pool worth $13,696,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Rakuten Securities Inc. boosted its position in Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 69 shares during the period. Atala Financial Inc purchased a new position in Pool in the fourth quarter valued at $29,000. Sierra Ocean LLC purchased a new position in Pool in the fourth quarter valued at $30,000. Brooklyn Investment Group acquired a new position in Pool during the 3rd quarter worth $31,000. Finally, Private Trust Co. NA increased its holdings in Pool by 76.9% during the 4th 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 period. Institutional investors and hedge funds 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 stock in a transaction on Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the completion of the sale, the director now owns 62,577 shares in the company, valued at $21,651,642. This represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on POOL. Wells Fargo & Company decreased their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a report on Friday, February 28th. Two research 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. According to data from MarketBeat, Pool presently has a consensus rating of “Hold” and an average price target of $368.00.

Pool Stock Down 0.1 %

Shares of NASDAQ:POOL opened at $320.14 on Friday. The company has a current ratio of 2.05, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71. The firm has a 50 day simple moving average of $342.60 and a 200-day simple moving average of $354.17. The company has a market capitalization of $12.05 billion, a PE ratio of 28.38, a P/E/G ratio of 2.03 and a beta of 1.05. Pool Co. has a twelve month low of $293.51 and a twelve month high of $420.00.

Pool (NASDAQ:POOL) last issued its quarterly earnings data 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 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. On average, equities analysts predict that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th will be issued a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, March 12th. Pool’s payout ratio is currently 42.55%.

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.