Pool Co. (NASDAQ:POOL) Shares Sold by Two Sigma Securities LLC

Two Sigma Securities LLC reduced its position in Pool Co. (NASDAQ:POOL) by 56.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 761 shares of the specialty retailer’s stock after selling 1,004 shares during the quarter. Two Sigma Securities LLC’s holdings in Pool were worth $259,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised 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 buying an additional 69 shares during the last quarter. Atala Financial Inc purchased a new stake in Pool during the 4th quarter valued at about $29,000. Sierra Ocean LLC acquired a new stake in Pool in the 4th quarter valued at about $30,000. Private Trust Co. NA lifted its stake in Pool by 76.9% in the 4th quarter. Private Trust Co. NA now owns 138 shares of the specialty retailer’s stock worth $47,000 after purchasing an additional 60 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Pool during the 3rd quarter worth approximately $60,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Pool Stock Performance

NASDAQ:POOL opened at $293.90 on Wednesday. The stock has a market capitalization of $11.09 billion, a P/E ratio of 26.05, 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 fifty-two week low of $284.28 and a fifty-two week high of $395.60. The company has a 50 day moving average price of $321.54 and a 200 day moving average price of $343.56.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.42 by ($0.10). Pool had a net margin of 8.18% and a return on equity of 31.11%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm posted $1.85 earnings per share. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. Equities research analysts forecast that Pool Co. will post 11.32 EPS for the current year.

Pool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool’s payout ratio is 45.03%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on POOL. Deutsche Bank Aktiengesellschaft began coverage on Pool in a research report on Tuesday, April 1st. They set a “hold” rating and a $344.00 price objective on the stock. StockNews.com cut shares of Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Stephens cut their price objective on shares of Pool from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday. Wells Fargo & Company set a $300.00 target price on shares of Pool in a research note on Friday. Finally, Robert W. Baird dropped their price target on shares of Pool from $325.00 to $310.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $336.22.

Insider Buying and Selling

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was 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 $21,651,642. This represents a 13.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jennifer M. Neil sold 1,223 shares of the 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 directly 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. 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.