Congress Wealth Management LLC DE Decreases Holdings in Pool Co. (NASDAQ:POOL)

Congress Wealth Management LLC DE reduced its stake in Pool Co. (NASDAQ:POOL) by 81.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,829 shares of the specialty retailer’s stock after selling 35,015 shares during the period. Congress Wealth Management LLC DE’s holdings in Pool were worth $2,669,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in POOL. Rakuten Securities Inc. increased its holdings in Pool by 2,300.0% in the 4th quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 69 shares during the last quarter. Brooklyn Investment Group bought a new position in Pool during the third quarter worth about $31,000. Atala Financial Inc purchased a new position in shares of Pool in the fourth quarter worth about $29,000. Sierra Ocean LLC purchased a new position in shares of Pool in the fourth quarter worth about $30,000. Finally, Private Trust Co. NA raised 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 purchasing an additional 60 shares during the period. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company lowered their target price on shares of 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 lowered Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $368.00.

Pool Stock Performance

NASDAQ:POOL opened at $326.93 on Thursday. The stock has a market cap of $12.30 billion, a P/E ratio of 28.98, a PEG ratio of 2.03 and a beta of 1.05. The company has a quick ratio of 0.77, a current ratio of 2.05 and a debt-to-equity ratio of 0.71. The business’s 50-day moving average price is $342.15 and its two-hundred day moving average price is $354.12. Pool Co. has a twelve month low of $293.51 and a twelve month high of $415.05.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.08. Pool had a net margin of 8.18% and a return on equity of 31.11%. The business had revenue of $987.48 million for the quarter, compared to the consensus estimate of $961.04 million. As a group, equities analysts predict that Pool Co. will post 11.32 EPS for the current fiscal year.

Pool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were given a $1.20 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $4.80 annualized dividend and a yield of 1.47%. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Insider Activity at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company’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 value of $3,460,000.00. Following the completion of the sale, the director now owns 62,577 shares of the company’s stock, valued at $21,651,642. This represents a 13.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by insiders.

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.