Pool Co. (NASDAQ:POOL) Shares Sold by Cynosure Group LLC

Cynosure Group LLC lowered its holdings in Pool Co. (NASDAQ:POOL) by 18.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 906 shares of the specialty retailer’s stock after selling 203 shares during the quarter. Cynosure Group LLC’s holdings in Pool were worth $309,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Second Line Capital LLC increased its holdings in Pool by 4.8% in the 3rd quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer’s stock valued at $322,000 after purchasing an additional 39 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Pool by 4.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer’s stock worth $383,000 after buying an additional 43 shares during the period. Sugarloaf Wealth Management LLC grew its stake in shares of Pool by 10.1% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer’s stock valued at $197,000 after buying an additional 53 shares in the last quarter. TD Private Client Wealth LLC raised its holdings 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 buying an additional 54 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Pool by 0.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 17,578 shares of the specialty retailer’s stock worth $5,993,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Pool Price Performance

Shares of POOL stock opened at $325.66 on Thursday. The firm has a fifty day moving average of $338.44 and a two-hundred day moving average of $352.95. The firm has a market cap of $12.28 billion, a P/E ratio of 28.87, a P/E/G ratio of 2.03 and a beta of 1.13. Pool Co. has a 1-year low of $293.51 and a 1-year high of $402.45. 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 posted its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Pool had a return on equity of 31.11% and a net margin of 8.18%. The business had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. As a group, research analysts anticipate that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Wednesday, March 12th. Pool’s dividend payout ratio is currently 42.55%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on POOL. Wells Fargo & Company lowered their price objective on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pool in a report on Tuesday. They set a “hold” rating and a $344.00 price target for the company. Finally, StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a report 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 stock. According to data from MarketBeat.com, Pool presently has an average rating of “Hold” and a consensus target price of $365.33.

Insider Buying and Selling

In related 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 value of $385,245.00. Following the completion of the sale, the senior vice president now owns 9,667 shares of the company’s stock, valued at $3,045,105. This represents a 11.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 shares were sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the completion of the transaction, the director now owns 62,577 shares of the company’s stock, valued at $21,651,642. This trade represents a 13.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company 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.