Cetera Advisor Networks LLC purchased a new stake in Pool Co. (NASDAQ:POOL) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 584 shares of the specialty retailer’s stock, valued at approximately $217,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Baillie Gifford & Co. purchased a new stake in shares of Pool during the fourth quarter worth about $34,000. Fieldpoint Private Securities LLC purchased a new stake in Pool during the 4th quarter worth approximately $43,000. IFP Advisors Inc increased its stake in Pool by 69.7% during the 4th quarter. IFP Advisors Inc now owns 129 shares of the specialty retailer’s stock valued at $49,000 after purchasing an additional 53 shares in the last quarter. Rational Advisors LLC purchased a new position in shares of Pool in the fourth quarter worth $50,000. Finally, Vantage Consulting Group Inc acquired a new stake in shares of Pool during the fourth quarter worth $56,000. Institutional investors own 90.62% of the company’s stock.
Shares of NASDAQ POOL opened at $356.65 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.21 and a quick ratio of 0.94. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 44.69 and a beta of 0.72. The firm’s 50 day simple moving average is $337.46 and its 200-day simple moving average is $347.49. Pool Co. has a 12 month low of $183.02 and a 12 month high of $401.29.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Stockholders of record on Thursday, March 11th were paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Wednesday, March 10th. Pool’s payout ratio is currently 39.79%.
Several analysts have weighed in on the company. Jefferies Financial Group boosted their price target on Pool from $350.00 to $400.00 and gave the company a “hold” rating in a research note on Friday, January 15th. Zacks Investment Research downgraded Pool from a “buy” rating to a “hold” rating and set a $362.00 target price for the company. in a report on Wednesday, March 17th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $306.67.
In other Pool news, CEO Peter D. Arvan purchased 500 shares of Pool stock in a transaction that occurred on Friday, March 5th. The stock was bought at an average price of $316.03 per share, with a total value of $158,015.00. Following the acquisition, the chief executive officer now owns 59,683 shares of the company’s stock, valued at approximately $18,861,618.49. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.00% 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; fiberglass pools, and hot tubs and packaged pool kits comprising walls, liners, braces, and coping for in-ground and above-ground pools; pool equipment and components for new pool construction and the remodeling of existing pools; and irrigation and related products consisting of irrigation system components, and professional lawn care equipment and supplies.
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