Equitable Trust Co. Takes Position in Pool Co. (NASDAQ:POOL)

Equitable Trust Co. purchased a new stake in Pool Co. (NASDAQ:POOL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,509 shares of the specialty retailer’s stock, valued at approximately $602,000.

Several other large investors have also modified their holdings of the business. Clear Street Markets LLC raised its holdings in shares of Pool by 94.9% in the 1st quarter. Clear Street Markets LLC now owns 76 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 37 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Pool in the 3rd quarter valued at $33,000. CVA Family Office LLC purchased a new stake in Pool during the 4th quarter worth about $34,000. Huntington National Bank increased its holdings in Pool by 96.7% during the 3rd quarter. Huntington National Bank now owns 118 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 58 shares during the period. Finally, Impact Partnership Wealth LLC purchased a new stake in Pool during the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Pool Stock Up 0.1 %

Shares of NASDAQ POOL opened at $396.83 on Tuesday. The stock has a market cap of $15.27 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 3.69 and a beta of 1.00. The company has a quick ratio of 0.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.77. Pool Co. has a 52-week low of $307.77 and a 52-week high of $422.73. The business has a 50-day moving average price of $394.64 and a 200 day moving average price of $371.19.

Pool (NASDAQ:POOL) last announced its earnings results on Thursday, February 22nd. The specialty retailer reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.02. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Pool had a return on equity of 37.94% and a net margin of 9.44%. The business’s revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.79 EPS. Equities research analysts forecast that Pool Co. will post 13.27 earnings per share for the current year.

Pool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $4.40 dividend on an annualized basis and a yield of 1.11%. Pool’s payout ratio is 33.03%.

Wall Street Analyst Weigh In

POOL has been the topic of several recent research reports. Stifel Nicolaus restated a “hold” rating and set a $370.00 price target on shares of Pool in a report on Tuesday, March 5th. Wells Fargo & Company initiated coverage on Pool in a report on Tuesday, December 19th. They set an “equal weight” rating and a $400.00 price target on the stock. TheStreet downgraded Pool from a “b” rating to a “c+” rating in a report on Thursday, February 22nd. Oppenheimer upped their price target on Pool from $407.00 to $436.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Loop Capital downgraded Pool from a “buy” rating to a “hold” rating and increased their price objective for the company from $380.00 to $415.00 in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Pool presently has a consensus rating of “Hold” and an average price target of $388.63.

Insiders Place Their Bets

In other Pool news, General Counsel Jennifer M. Neil sold 1,100 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $401.00, for a total transaction of $441,100.00. Following the completion of the sale, the general counsel now directly owns 8,622 shares of the company’s stock, valued at approximately $3,457,422. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.

About Pool

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.