Townsquare Capital LLC Trims Stock Holdings in Pool Co. (NASDAQ:POOL)

Townsquare Capital LLC reduced its stake in shares of Pool Co. (NASDAQ:POOL) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,603 shares of the specialty retailer’s stock after selling 2,190 shares during the period. Townsquare Capital LLC’s holdings in Pool were worth $9,752,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in Pool by 816.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 40,860 shares of the specialty retailer’s stock worth $13,601,000 after acquiring an additional 36,403 shares during the period. L. Roy Papp & Associates LLP bought a new stake in shares of Pool during the fourth quarter valued at approximately $653,000. World Equity Group Inc. bought a new position in shares of Pool during the fourth quarter worth $272,000. Landscape Capital Management L.L.C. boosted its position in shares of Pool by 104.0% during the fourth quarter. Landscape Capital Management L.L.C. now owns 3,778 shares of the specialty retailer’s stock worth $1,288,000 after acquiring an additional 1,926 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in Pool by 28.5% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 49,056 shares of the specialty retailer’s stock valued at $16,725,000 after acquiring an additional 10,880 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Pool

In other Pool news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $346.00, for a total value of $3,460,000.00. Following the completion of the sale, the director now directly 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 Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jennifer M. Neil sold 1,223 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 9,667 shares in the company, valued at approximately $3,045,105. This trade represents a 11.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Pool Stock Performance

NASDAQ:POOL opened at $311.27 on Friday. The firm has a market capitalization of $11.74 billion, a PE ratio of 27.59, a PEG ratio of 2.03 and a beta of 1.13. The stock’s fifty day moving average is $330.78 and its 200 day moving average is $349.21. Pool Co. has a fifty-two week low of $284.28 and a fifty-two week high of $395.60. 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 (NASDAQ:POOL) last released 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. The firm had revenue of $987.48 million during the quarter, compared to analyst estimates of $961.04 million. Pool had a net margin of 8.18% and a return on equity of 31.11%. On average, sell-side analysts anticipate that Pool Co. will post 11.32 earnings per share for the current year.

Pool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.54%. Pool’s dividend payout ratio is 42.55%.

Analyst Ratings Changes

Several brokerages have commented on POOL. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pool in a research note on Tuesday, April 1st. They issued a “hold” rating and a $344.00 price target on the stock. StockNews.com downgraded Pool from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company cut their price target on 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, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Pool currently has an average rating of “Hold” and a consensus target price of $365.33.

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.