OneAscent Financial Services LLC Reduces Stock Position in Pool Co. (NASDAQ:POOL)

OneAscent Financial Services LLC decreased its position in shares of Pool Co. (NASDAQ:POOL) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 843 shares of the specialty retailer’s stock after selling 234 shares during the quarter. OneAscent Financial Services LLC’s holdings in Pool were worth $287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Rakuten Securities Inc. grew its position in shares of Pool by 2,300.0% in the fourth quarter. Rakuten Securities Inc. now owns 72 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 69 shares during the last quarter. Atala Financial Inc purchased a new position in Pool during the fourth quarter worth $29,000. Sierra Ocean LLC acquired a new position in shares of Pool in the fourth quarter worth $30,000. Private Trust Co. NA lifted its position in shares of Pool by 76.9% in the fourth quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 60 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Pool during the third quarter valued at $60,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on POOL. Wells Fargo & Company cut their target price on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Pool in a research report on Tuesday. They set a “hold” rating and a $344.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $365.33.

Pool Trading Up 0.4 %

NASDAQ POOL opened at $315.05 on Friday. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 2.03 and a beta of 1.13. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. Pool Co. has a one year low of $293.51 and a one year high of $402.45. The company’s 50 day moving average price is $336.70 and its 200 day moving average price is $352.37.

Pool (NASDAQ:POOL) last issued its earnings results on Thursday, February 20th. The specialty retailer reported $0.97 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 the consensus estimate of $961.04 million. On average, sell-side analysts predict that Pool Co. will post 11.32 EPS for the current year.

Pool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were issued a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 annualized dividend and a dividend yield of 1.52%. Pool’s payout ratio is currently 42.55%.

Insider Activity at Pool

In related news, Director De La Mesa Manuel J. Perez sold 10,000 shares of Pool 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 of the company’s stock, valued at $21,651,642. The trade was a 13.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jennifer M. Neil sold 1,223 shares of the business’s stock in a transaction on Monday, March 31st. The stock was 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 owns 9,667 shares in the company, valued at $3,045,105. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

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.