Alta Capital Management LLC Boosts Stock Position in Pool Co. (NASDAQ:POOL)

Alta Capital Management LLC grew its holdings in Pool Co. (NASDAQ:POOL) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,417 shares of the specialty retailer’s stock after buying an additional 47 shares during the quarter. Alta Capital Management LLC owned 0.07% of Pool worth $9,689,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in POOL. Sierra Ocean LLC purchased a new stake in shares of Pool in the fourth quarter valued at approximately $30,000. Brooklyn Investment Group purchased a new stake in shares of Pool in the third quarter valued at approximately $31,000. 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 valued at $47,000 after buying an additional 60 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Pool in the third quarter valued at approximately $60,000. Finally, YANKCOM Partnership purchased a new stake in shares of Pool in the fourth quarter valued at approximately $61,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Pool Stock Performance

NASDAQ POOL opened at $344.18 on Tuesday. The stock’s fifty day moving average is $342.99 and its two-hundred day moving average is $355.63. The firm has a market capitalization of $13.10 billion, a P/E ratio of 30.51, a price-to-earnings-growth ratio of 2.03 and a beta of 1.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. Pool Co. has a fifty-two week low of $293.51 and a fifty-two week high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, beating 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 business had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. On average, research analysts anticipate that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The firm 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 $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Wednesday, March 12th. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Wall Street Analyst Weigh In

POOL has been the subject of a number of recent analyst reports. Wells Fargo & Company cut their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. StockNews.com lowered Pool from a “hold” rating to a “sell” rating in a research note on Friday. 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $368.00.

Insider Activity

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $346.00, for a total value of $3,460,000.00. Following the sale, the director now 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 can be accessed through this hyperlink. Corporate insiders own 3.00% of the company’s stock.

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.