CANADA LIFE ASSURANCE Co Purchases 746 Shares of Pool Co. (NASDAQ:POOL)

CANADA LIFE ASSURANCE Co lifted its position in shares of Pool Co. (NASDAQ:POOL) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,991 shares of the specialty retailer’s stock after acquiring an additional 746 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Pool were worth $9,201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in POOL. Wilmington Savings Fund Society FSB bought a new position in Pool in the third quarter valued at about $60,000. Tidal Investments LLC increased its position in Pool by 57.8% during the 3rd quarter. Tidal Investments LLC now owns 6,661 shares of the specialty retailer’s stock worth $2,510,000 after purchasing an additional 2,441 shares in the last quarter. Peapack Gladstone Financial Corp bought a new position in Pool in the 3rd quarter valued at approximately $217,000. Oddo BHF Asset Management Sas acquired a new stake in Pool in the third quarter valued at approximately $765,000. Finally, Lord Abbett & CO. LLC grew its stake in shares of Pool by 44.3% during the third quarter. Lord Abbett & CO. LLC now owns 217,572 shares of the specialty retailer’s stock worth $81,981,000 after buying an additional 66,791 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft started coverage on Pool in a research note on Tuesday, April 1st. They issued a “hold” rating and a $344.00 price target for the company. Wells Fargo & Company cut their price target on Pool from $360.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Finally, StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Pool currently has an average rating of “Hold” and an average price target of $360.33.

Pool Stock Down 3.2 %

Shares of NASDAQ POOL opened at $296.56 on Tuesday. The business’s fifty day moving average price is $327.06 and its 200-day moving average price is $346.24. Pool Co. has a one year low of $284.28 and a one year high of $395.60. The stock has a market capitalization of $11.19 billion, a PE ratio of 26.29, a P/E/G ratio of 2.03 and a beta of 1.13. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) 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 analysts’ expectations of $961.04 million. On average, equities research analysts anticipate that Pool Co. will post 11.32 EPS for the current year.

Pool Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.62%. Pool’s dividend payout ratio (DPR) is presently 42.55%.

Insider Activity at Pool

In other news, SVP Jennifer M. Neil sold 1,223 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the completion of the transaction, the senior vice president now directly owns 9,667 shares of the company’s stock, valued at approximately $3,045,105. This represents a 11.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director De La Mesa Manuel J. Perez sold 10,000 shares of the 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 approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The disclosure for this sale can be found here. 3.00% of the stock is owned by corporate 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.