Heron Bay Capital Management Purchases 170 Shares of Pool Co. (NASDAQ:POOL)

Heron Bay Capital Management boosted its position in Pool Co. (NASDAQ:POOL) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,128 shares of the specialty retailer’s stock after purchasing an additional 170 shares during the period. Heron Bay Capital Management’s holdings in Pool were worth $2,430,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Second Line Capital LLC grew its position in shares of Pool by 4.8% during the 3rd quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock valued at $322,000 after acquiring an additional 39 shares during the period. Venturi Wealth Management LLC grew its position in shares of Pool by 4.0% during the 4th quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock valued at $383,000 after acquiring an additional 43 shares during the period. Sugarloaf Wealth Management LLC grew its position in shares of Pool by 10.1% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock valued at $197,000 after acquiring an additional 53 shares during the period. TD Private Client Wealth LLC grew its position in shares of Pool by 0.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer’s stock valued at $2,732,000 after acquiring an additional 54 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of Pool by 0.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,578 shares of the specialty retailer’s stock valued at $5,993,000 after acquiring an additional 54 shares during the period. 98.99% of the stock is owned by institutional investors.

Pool Stock Performance

NASDAQ POOL opened at $320.14 on Friday. Pool Co. has a 1 year low of $293.51 and a 1 year high of $418.32. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.05 and a quick ratio of 0.77. The stock has a market capitalization of $12.05 billion, a PE ratio of 28.38, a P/E/G ratio of 2.03 and a beta of 1.05. The company’s 50 day simple moving average is $342.60 and its two-hundred day simple moving average is $354.27.

Pool (NASDAQ:POOL) last posted its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Analysts predict that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, March 12th. Pool’s dividend payout ratio is presently 42.55%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on POOL. StockNews.com downgraded shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Wells Fargo & Company cut their price objective on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $368.00.

Insiders Place Their Bets

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the firm’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the sale, the director now owns 62,577 shares in the company, valued at approximately $21,651,642. This trade represents a 13.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.00% of the company’s stock.

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.