Cetera Investment Advisers Invests $533,000 in Pool Co. (NASDAQ:POOL)


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Cetera Investment Advisers bought a new position in Pool Co. (NASDAQ:POOL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,431 shares of the specialty retailer’s stock, valued at approximately $533,000.

Several other institutional investors have also recently added to or reduced their stakes in POOL. Baillie Gifford & Co. purchased a new position in shares of Pool in the fourth quarter worth approximately $34,000. Fieldpoint Private Securities LLC purchased a new position in shares of Pool in the fourth quarter worth approximately $43,000. IFP Advisors Inc increased its position in shares of Pool by 69.7% in the fourth quarter. IFP Advisors Inc now owns 129 shares of the specialty retailer’s stock worth $49,000 after acquiring an additional 53 shares in the last quarter. Rational Advisors LLC purchased a new position in shares of Pool in the fourth quarter worth approximately $50,000. Finally, Vantage Consulting Group Inc purchased a new position in shares of Pool in the fourth quarter worth approximately $56,000. 90.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of POOL opened at $356.65 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.94 and a current ratio of 2.21. The company has a market capitalization of $14.32 billion, a PE ratio of 44.69 and a beta of 0.72. The company’s 50 day moving average price is $337.46 and its 200 day moving average price is $347.49. Pool Co. has a 52 week low of $183.02 and a 52 week high of $401.29.

Pool (NASDAQ:POOL) last posted its earnings results on Wednesday, February 10th. The specialty retailer reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.68. The firm had revenue of $839.26 million during the quarter, compared to analysts’ expectations of $709.02 million. Pool had a net margin of 8.85% and a return on equity of 70.48%. On average, equities analysts forecast that Pool Co. will post 8.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th were paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Wednesday, March 10th. Pool’s dividend payout ratio (DPR) is presently 39.79%.

A number of research analysts recently commented on the stock. Jefferies Financial Group boosted their price objective on shares of Pool from $350.00 to $400.00 and gave the company a “hold” rating in a research report on Friday, January 15th. Zacks Investment Research downgraded shares of Pool from a “buy” rating to a “hold” rating and set a $362.00 price objective on the stock. in a research report on Wednesday, March 17th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $306.67.

In other Pool news, CEO Peter D. Arvan bought 500 shares of Pool stock in a transaction on Friday, March 5th. The stock was purchased at an average cost of $316.03 per share, for a total transaction of $158,015.00. Following the completion of the purchase, the chief executive officer now directly owns 59,683 shares of the company’s stock, valued at $18,861,618.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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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Institutional Ownership by Quarter for Pool (NASDAQ:POOL)

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